Disqualifying Disposition. If Shares acquired by exercise of the Option are disposed of within two years following the Grant Date or one year following the transfer of such Shares to the Participant upon exercise, the Participant shall, promptly following such disposition, notify the Company in writing of the date and terms of such disposition and provide such other information regarding the disposition as the Board may reasonably require.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Commercial Capital Bancorp Inc), Incentive Stock Option Agreement (Pacific Premier Bancorp Inc), Incentive Stock Option Agreement (R&g Financial Corp)
Disqualifying Disposition. If Shares acquired by exercise of the Option are disposed of within two years following the Grant Date or one year following the transfer of such Shares to the Participant upon exercise, the Participant shall, promptly following such disposition, notify the Company Bank in writing of the date and terms of such disposition and provide such other information regarding the disposition as the Board of Directors may reasonably require.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Tofutti Brands Inc), Incentive Stock Option Agreement (Hyperdynamics Corp), Incentive Stock Option Agreement (Hyperdynamics Corp)
Disqualifying Disposition. If Shares acquired by exercise of the Option are disposed of within two years following the Grant Date or one year following the transfer of such Shares to the Participant upon exercise, the Participant shall, promptly following such disposition, notify the Company in writing of the date and terms of such disposition and provide such other information regarding the disposition as the Board Compensation Committee may reasonably require.
Appears in 2 contracts
Samples: Incentive Stock Option Award Agreement (Pacific Premier Bancorp Inc), Incentive Stock Option Award Agreement (Pacific Premier Bancorp Inc)
Disqualifying Disposition. If Shares shares acquired by exercise of the Option are disposed of within two years following the Date of Grant Date or one year following the transfer of such Shares shares to the Participant Optionee upon exercise, the Participant Optionee shall, promptly following such disposition, notify the Company in writing of the date and terms of such disposition and provide such other information regarding the disposition as the Board Committee may reasonably require.
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