Common use of Disqualifying Disposition Clause in Contracts

Disqualifying Disposition. The Optionee agrees and covenants that if he disposes of any of the Common Stock in a “disqualifying disposition,” as described in Section 422 of the Code, he will immediately contact the Company to inform it of such event.

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (Emisphere Technologies Inc), Incentive Stock Option Agreement (Emisphere Technologies Inc), Incentive Stock Option Agreement (Emisphere Technologies Inc)

AutoNDA by SimpleDocs

Disqualifying Disposition. The Optionee agrees and covenants that if he disposes of any of the Common Stock in a "disqualifying disposition," as described in Section 422 of the Code, he will immediately contact the Company to inform it of such event.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ply Gem Holdings Inc)

AutoNDA by SimpleDocs

Disqualifying Disposition. The Optionee agrees and ------------------------- covenants that if he disposes of any of the Common Stock in a "disqualifying disposition," as described in Section 422 of the Code, he will immediately contact the Company to inform it of such event.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Emisphere Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!