Common use of Mandatory Notice of Disqualifying Disposition Clause in Contracts

Mandatory Notice of Disqualifying Disposition. Without limiting any other provisions hereof, the Optionee hereby agrees that if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Common Shares issued upon exercise of the Option Right within two years of the Date of Grant or within one year after the transfer of such share or shares to the Optionee, the Optionee shall notify the Company of such disposition in writing within thirty days from the date of such disposition. Such written notice shall state the principal terms of such disposition and the type and amount of the consideration received for such share or shares by the Optionee in connection therewith.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Ns Group Inc), Equity Plan Incentive Stock Option Agreement (Ns Group Inc)

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Mandatory Notice of Disqualifying Disposition. Without limiting any other provisions provision hereof, the Optionee hereby agrees that if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Common Option Shares issued upon acquired pursuant to the exercise of the any Incentive Stock Option Right memorialized by this Agreement within two (2) years of the Date of Grant or within one (1) year after the transfer of such share or shares to the Optionee, the Optionee shall notify the Company of such disposition in writing within thirty (30) days from the date of such disposition. Such written notice shall state the principal terms of such disposition and the type and amount of the consideration received for such share or shares by the Optionee in connection therewith.

Appears in 2 contracts

Samples: Employee Incentive Stock Option Agreement (Athersys, Inc / New), Employee Incentive Stock Option Agreement (Athersys, Inc / New)

Mandatory Notice of Disqualifying Disposition. Without limiting any other provisions hereof, the Optionee hereby agrees that if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Common Shares issued delivered upon exercise of the Option Right ISO within two years of after the Date of Grant or within one year after the transfer of such share or shares to the Optionee, the Optionee shall notify the Company of such disposition in writing within thirty days from after the date of such disposition. Such written notice shall state the principal terms of such disposition and the type and amount of the consideration received for such share or shares by the Optionee in connection therewith.

Appears in 1 contract

Samples: Incentive Stock Option Award Agreement (Azz Inc)

Mandatory Notice of Disqualifying Disposition. Without limiting any other provisions provision hereof, the Optionee hereby agrees that if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Common Option Shares issued upon acquired pursuant to the exercise of the Option Right an incentive stock option within two (2) years of the Date of Grant or within one (1) year after the transfer of such share or shares to the Optionee, the Optionee shall notify the Company of such disposition in writing within thirty (30) days from the date of such disposition. Such written notice shall state the principal terms of such disposition and the type and amount of the consideration received for such share or shares by the Optionee in connection therewith.

Appears in 1 contract

Samples: Employee Incentive Stock Option Agreement (Athersys, Inc / New)

Mandatory Notice of Disqualifying Disposition. Without limiting any other provisions provision hereof, the Optionee hereby agrees that if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Common Optioned Shares issued upon exercise of the Option Right within two (2) years of the Date of Grant or within one (1) year after the transfer of such share or shares to the Optionee, the Optionee shall notify the Company of such disposition in writing within thirty (30) days from the date of such disposition. Such written notice shall state the principal terms of such disposition and the type and amount of the consideration received for such share or shares by the Optionee in connection therewith.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Aviall Inc)

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Mandatory Notice of Disqualifying Disposition. Without limiting any other provisions hereof, the Optionee hereby agrees that if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Common Shares issued delivered upon exercise of the Option Right within two years of the Date of Grant or within one year after the transfer of such share or shares to the Optionee, the Optionee shall notify the Company of such disposition in writing within thirty days from the date of such disposition. Such written notice shall state the principal terms of such disposition and the type and amount of the consideration received for such share or shares by the Optionee in connection therewith.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (National Interstate CORP)

Mandatory Notice of Disqualifying Disposition. Without limiting any other provisions provision hereof, the Optionee hereby agrees that if the Optionee disposes (whether by sale, exchange, exchange gift or otherwise) of any of the Common Optioned Shares issued upon exercise of the Option Right within two (2) years of the Date of Grant or within one (1) year after the transfer of such share or shares to the Optionee, the Optionee shall notify the Company of such disposition in writing within thirty (30) days from the date of such disposition. Such written notice shall state the principal terms of such disposition and the type and amount of the consideration received for such share or shares by the Optionee in connection therewith.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (MTC Technologies Inc)

Mandatory Notice of Disqualifying Disposition. Without limiting any other provisions provision hereof, the Optionee hereby agrees that that, if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Common Optioned Shares issued upon exercise of the Option Right within two (2) years of the Date of Grant or within one (1) year after the transfer of such share or shares to the Optionee, the Optionee shall notify the Company of such disposition in writing within thirty (30) days from the date of such disposition. Such written notice shall state the principal terms of such disposition and the type and amount of the consideration received for such share or shares by the Optionee in connection therewith.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Mainsource Financial Group)

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