Common use of Early Disposition of Stock Clause in Contracts

Early Disposition of Stock. Optionee understands that if Optionee -------------------------- disposes of any Shares received under this Option within two (2) years after the date of grant, or within one (1) year after such Shares were transferred to him, Optionee will be treated for federal income tax purposes as having received ordinary income at the time of such disposition in an amount generally measured by the difference between the price paid for the Shares and the lower of the fair market value of the Shares at the date of the exercise or the fair market value of the Shares at the date of disposition. The amount of such ordinary income may be measured differently if Optionee is an officer, director or 10% shareholder of the Company, or if the Shares were subject to a substantial risk of forfeiture at the time they were transferred to Optionee. Optionee agrees to notify the Company in writing within 30 days after the date of any such disposition. Optionee understands that if Optionee disposes of such Shares at any time after the expiration of such two-year and one-year holding periods, any gain on such sale will be taxed as long-term capital gain.

Early Disposition of Stock. Optionee understands that if Optionee -------------------------- he or she disposes of any Shares received under this Option within two (2) years after the date of grant, this Agreement or within one (1) year after such Shares were transferred to himOptionee, Optionee will he or she may be treated for federal income tax purposes as having received ordinary income at the time of such disposition in an amount generally measured by the difference between the price paid for the Shares and the lower of the fair market value of the Shares at the date of the exercise or the fair market value of the Shares at the date of disposition. The amount of such ordinary income may be measured differently if Optionee is an officer, director or 10% shareholder of the Company, or if the Shares were subject to a substantial risk of forfeiture at the time they were transferred to Optionee. Optionee hereby agrees to notify the Company in writing within 30 days after the date of any such disposition. Optionee understands that if Optionee he or she disposes of such Shares at any time after the expiration of such two-year and one-year holding periods, any gain on such sale will be taxed as long-term capital gain.

Early Disposition of Stock. Optionee understands that if the Optionee -------------------------- disposes of any Shares shares received under this Option within two (2) years after the date of grant, this Agreement or within one (1) year after such Shares were transferred to himthe Optionee, the Optionee will may be treated for federal income tax purposes as having received ordinary income at the time of such disposition in an amount generally measured by the difference between the price paid for the Shares shares and the lower of the fair market value of the Shares shares at the date of the exercise or the fair market value of the Shares shares at the date of disposition. The amount of such ordinary income may be measured differently if the Optionee is an officer, director or 10% shareholder of the Company, or if the Shares shares were subject to a substantial risk of forfeiture at the time they were transferred to the Optionee. The Optionee hereby agrees to notify the Company in writing within 30 days after the date of any such disposition. The Optionee understands that if Optionee he disposes of such Shares shares at any time after the expiration of such two-year and one-year holding periods, any gain on such sale will be taxed as long-term capital gain.