Common use of Early Disposition Clause in Contracts

Early Disposition. The Employee agrees to notify the Company of any disposition of any shares of Common Stock acquired on the exercise of the Option within the two year period beginning on the date of grant or within one year after the date of the transfer of such shares to the Employee. The Employee also agrees to provide the Company with any information which it shall request concerning any such disposition. Employees who receive incentive stock options will be disqualified under Section 422 of the Internal Revenue Code from receiving the favorable income tax treatment otherwise available with respect to the exercise of such an option if they dispose of the stock received on exercise of the option within either of the one or two year periods described in the preceding sentence.

Appears in 2 contracts

Samples: Executive Incentive Stock Option Agreement (Concord Communications Inc), Incentive Stock Option Agreement (Concord Communications Inc)

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Early Disposition. The Employee agrees to notify the Company of any ----------------- disposition of any shares of Common Stock acquired on the exercise of the Option this option within the two two-year period beginning on the date of grant or within one year after the date of the transfer of such shares to the Employee. The Employee also agrees to provide the Company with any information which it shall request concerning any such disposition. Employees who receive incentive stock options will be disqualified under Section 422 422A of the Internal Revenue Code from receiving the favorable income tax treatment otherwise available with respect to the exercise of such an option if they dispose of the stock received on exercise of the option within either of the one or two two-year periods described in the preceding sentence.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Davox Corp)

Early Disposition. The Employee agrees to notify the Company of ------------------ any disposition of any shares of Common Stock acquired on the exercise of the Option this option within the two two-year period beginning on the date of grant or within one year after the date of the transfer of such shares to the Employee. The Employee also agrees to provide the Company with any information which it shall request concerning any such disposition. Employees who receive incentive stock options will be disqualified under Section 422 422A of the Internal Revenue Code from receiving the favorable income tax treatment otherwise available with respect to the exercise of such an option if they dispose of the stock received on exercise of the option within either of the one or two two-year periods described in the preceding sentence.

Appears in 1 contract

Samples: Non Qualified Incentive Stock Option Agreement (Davox Corp)

Early Disposition. The Employee agrees to notify the Company of any disposition of any shares of Common Stock acquired on the exercise of the Option this option within the two two-year period beginning on the date of grant or within one year after the date of the transfer of such shares to the Employee. The Employee also agrees to provide the Company with any information which it shall request concerning any such disposition. Employees who receive incentive stock options will be disqualified under Section 422 422A of the Internal Revenue Code from receiving the favorable income tax treatment otherwise available with respect to the exercise of such an option if they dispose of the stock received on exercise of the option within either of the one or two two-year periods described in the preceding sentence.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Concerto Software Inc)

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Early Disposition. The Employee agrees to notify the Company of any disposition of any shares of Common Stock acquired on the exercise of the this Option within the two year period beginning on the date of grant or within one year after the date of the transfer of such shares to the Employee. The Employee also agrees to provide the Company with any information which it shall request concerning any such disposition. Employees who receive incentive stock options will be disqualified under Section 422 of the Internal Revenue Code from receiving the favorable income tax treatment otherwise available with respect to the exercise of such an option Option if they dispose of the stock received on exercise of the option Option within either of the one or two year periods described in the preceding sentence.

Appears in 1 contract

Samples: Stock Option Agreement (Concord Communications Inc)

Early Disposition. The Employee agrees to notify the Company of any disposition of any shares of Common Stock acquired on the exercise of the this Option within the two year period beginning on the date of grant or within one year after the date of the transfer of such shares to the Employee. The Employee also agrees to provide the Company with any information which it shall request concerning any such dispositionDisposition. Employees who receive incentive stock options will be disqualified under Section 422 of the Internal Revenue Code from receiving the favorable income tax treatment otherwise available with respect to the exercise of such an option if they dispose of the stock received on exercise of the option within either of the one or two year periods described in the preceding sentence.

Appears in 1 contract

Samples: Stock Option Agreement (Concord Communications Inc)

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