Common use of Limitations on Disposition of Incentive Stock Option Shares Clause in Contracts

Limitations on Disposition of Incentive Stock Option Shares. It is understood and intended that this option shall qualify as an "incentive stock option" as defined in Section 422 of the Code. Accordingly, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one year after the day of the transfer of such shares to him, nor within two years after the grant of the option. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.

Limitations on Disposition of Incentive Stock Option Shares. It is understood and intended that this option shall qualify as an "incentive stock option" as defined in Section 422 422A of the Code. Accordingly, the Optionee Key Employee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one year after the day of the transfer of such shares to himhim or her, nor within two years after the grant of the option. If the Optionee Key Employee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.

Limitations on Disposition of Incentive Stock Option Shares. It is understood and intended that If, as indicated on the opposite side of this Agreement, this option shall qualify as is an "“incentive stock option" as defined in Section 422 of the Code. Accordingly”, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 422 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one 1 year after the day of the transfer of such shares were acquired pursuant to himsuch exercise, nor within two 2 years after the grant of the optionGrant Date. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten 10 days after such disposition, and provide any other information regarding such disposition that the Company may require.

Limitations on Disposition of Incentive Stock Option Shares. It If, as indicated on the opposite side of this Agreement, this Option is understood and intended that this option shall qualify as an "incentive stock option" as defined in Section 422 of the Code. Accordingly”, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 422 of the Code, no sale or other disposition may be made of any shares Shares acquired upon exercise of the option Option within one 1 year after the day of the transfer of such shares Shares were acquired pursuant to himsuch exercise, nor within two 2 years after the grant of the optionGrant Date. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares Shares within said periods, he or she will notify the Company in writing within ten 10 days after such disposition, and provide any other information regarding such disposition that the Company may require.

Limitations on Disposition of Incentive Stock Option Shares. It is ----------------------------------------------------------- understood and intended that this option shall qualify as an "incentive stock option" as defined in Section 422 of the Code. Accordingly, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one year after the day of the transfer of such shares to him, nor within two years after the grant of the option. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.

Limitations on Disposition of Incentive Stock Option Shares. It is understood and intended that this option shall qualify as an "“incentive stock option" ” as defined in Section 422 of the Code. Accordingly, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one year after the day of the transfer of such shares to him, nor within two years after the grant of the option. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.

Limitations on Disposition of Incentive Stock Option Shares. It is understood and intended that this option shall qualify as an "incentive stock option" as defined in Section 422 of the Code. Accordingly, the Optionee Grantee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one year after the day of the transfer of such shares to him, nor within two years after the grant of the option. If the Optionee Grantee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.

Limitations on Disposition of Incentive Stock Option Shares. It If, as indicated on the opposite side of this Agreement, this Option is understood and intended that this option shall qualify as an "“incentive stock option" as defined in Section 422 of the Code. Accordingly”, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 422 of the Code, no sale or other disposition may be made of any shares Shares acquired upon exercise of the option Option within one 1 year after the day of the transfer of such shares Shares were acquired pursuant to himsuch exercise, nor within two 2 years after the grant of the optionGrant Date. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares Shares within said periods, he or she will notify the Company in writing within ten 10 days after such disposition, and provide any other information regarding such disposition that the Company may require.

Limitations on Disposition of Incentive Stock Option Shares. It is ------------------------------------------------------------ understood and intended that this option shall qualify as an "incentive stock option" as defined in Section 422 of the Code. Accordingly, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one year after the day of the transfer of such shares to him, nor within two years after the grant of the option. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.

Limitations on Disposition of Incentive Stock Option Shares. It is understood and intended that this option shall qualify quality as an "incentive stock option" as defined in Section 422 of the Code. Accordingly, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one year after the day of the transfer of such shares to him, nor within two years after the grant of the option. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.

Limitations on Disposition of Incentive Stock Option Shares. It is understood and intended that this option shall qualify as an "incentive stock option" as defined in Section 422 of the Code. Accordingly, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any shares acquired upon exercise exerciae of the option within one year after the day of the transfer the24;ansfer of such shares to him, nor within two years after the grant of the option. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.

Limitations on Disposition of Incentive Stock Option Shares. It is understood and intended that this option shall qualify as an "“incentive stock option" ” as defined in Section 422 of the Code. Accordingly, the Optionee understands that in order to obtain the benefits of an incentive invective stock option under Section 421 422 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one year after the day of the transfer of such shares to himhim or her, nor within two years after the grant of the option. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of . Of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.

Limitations on Disposition of Incentive Stock Option Shares. It is understood and intended that this option shall qualify as an "incentive stock option" as defined in Section 422 of the Code. Accordingly, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any shares acquired upon exercise of the option within one year after the day of the transfer of such shares to him, nor within two years after the grant of the option. If the Optionee intends to dispose, or does dispose (whether by sale, exchange, gift, transfer or otherwise), of any such shares within said periods, he or she will notify the Company in writing within ten days after such disposition.