Common use of No Section 83(b) Election Clause in Contracts

No Section 83(b) Election. As a condition to receiving the Shares, the Grantee agrees to refrain from making an election pursuant to Section 83(b) of the Code with respect to the Shares.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Athenex, Inc.), Restricted Stock Agreement (Protalix BioTherapeutics, Inc.), Executive Employment Agreement (Cybersource Corp)

AutoNDA by SimpleDocs

No Section 83(b) Election. As a condition to receiving the Shares, the Grantee agrees to refrain from making an election pursuant to Section 83(b) of the Internal Revenue Code with respect to the Shares.

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement (Connetics Corp), Restricted Stock Purchase Agreement (Connetics Corp), Restricted Stock Purchase Agreement (Connetics Corp)

AutoNDA by SimpleDocs

No Section 83(b) Election. As a condition to receiving the Shares, the Grantee Participant agrees to refrain from making an election pursuant to Section 83(b) of the Code with respect to the Shares.

Appears in 2 contracts

Samples: Restricted Stock Bonus Award Agreement (Si International Inc), Restricted Stock Bonus Award Agreement (Si International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!