Common use of Disqualifying Dispositions of ISO Stock Clause in Contracts

Disqualifying Dispositions of ISO Stock. If stock acquired by exercise of an ISO (as defined in Section 1 of the Plan) is disposed of within two years after the Effective Date (as defined in the Option Agreement) or within one year after such exercise, Purchaser immediately prior to the disposition shall promptly notify the Company in writing of the date and terms of the disposition and shall provide such other information regarding the disposition as the Company may reasonably require.

Appears in 5 contracts

Samples: Stock Option Plan Stock Purchase Agreement (ConforMIS Inc), Incentive Stock Option Agreement (ConforMIS Inc), Incentive Stock Option Agreement (ConforMIS Inc)

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Disqualifying Dispositions of ISO Stock. If stock I acknowledge that if the Stock acquired by exercise of an ISO Incentive Stock Option (as defined in Section 1 2.1 of the Plan) is disposed of within two years after the Effective Grant Date (as defined in the Option AgreementGrant) or within one year after such exercise, Purchaser immediately prior to the disposition shall I will promptly notify the Company in writing of the date and terms of the disposition and shall will provide such other information regarding the disposition as the Company may reasonably require.

Appears in 3 contracts

Samples: Option Exercise and Stock Purchase Agreement (Nuvasive Inc), And Stock Purchase Agreement (Artes Medical Inc), And Stock Purchase Agreement (Digital Theater Systems Inc)

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Disqualifying Dispositions of ISO Stock. If stock the Plan Shares are being acquired by exercise of an ISO incentive stock option (as defined in Section 1 "ISO"), and any of the Plan) is such shares are disposed of within two 2 years after from the Effective Date (as defined in date of grant of the Option Agreement) ISO or within one year after such exercisethe transfer of the stock to Purchaser, Purchaser immediately prior to the disposition Purchaser shall promptly notify the Company in writing of the date and terms of the disposition and shall provide such other information regarding the disposition as the Company may reasonably require.

Appears in 1 contract

Samples: Plan Stock Purchase Agreement (Datron Systems Inc/De)

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