Common use of Mandatory Notice of Disqualifying Disposition Clause in Contracts

Mandatory Notice of Disqualifying Disposition. Without limiting any other provision hereof, Optionee hereby agrees that if Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Option Shares acquired pursuant to the exercise of any Incentive Stock Option 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 Optionee, 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 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)

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Mandatory Notice of Disqualifying Disposition. Without limiting any other provision provisions hereof, the Optionee hereby agrees that if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Option Common Shares acquired pursuant to the issued upon exercise of any Incentive Stock the Option memorialized by this Agreement 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 2 contracts

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

Mandatory Notice of Disqualifying Disposition. Without limiting any other provision hereof, Optionee hereby agrees that if Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Option Shares acquired pursuant to the exercise of any Incentive Stock Option memorialized by this Agreement 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 Optionee, 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 Optionee in connection therewith.

Appears in 1 contract

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

Mandatory Notice of Disqualifying Disposition. Without limiting any other provision provisions hereof, the Optionee hereby agrees that if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Option Common Shares acquired pursuant to the delivered upon exercise of any Incentive Stock the Option memorialized by this Agreement 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 (National Interstate CORP)

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Mandatory Notice of Disqualifying Disposition. Without limiting any other provision hereof, the Optionee hereby agrees that that, if the Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the Option Optioned Shares acquired pursuant to the exercise of any Incentive Stock Option 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 1 contract

Samples: Incentive Stock Option Agreement (Mainsource Financial Group)

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