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

No Section 83(b) Election. In consideration for the grant of the Stock Award evidenced by this Agreement, the Participant hereby agrees and covenants that the Participant will not make an election under Section 83(b) of the Code with respect to the grant of the Stock Award or the issuance of the Shares.

No Section 83(b) Election. In consideration for of the grant of the Restricted Stock Award evidenced by this Agreementhereunder, the Participant hereby agrees and covenants acknowledges that the Participant will shall not make an election under Section 83(b) of the Internal Revenue Code with respect of 1986, as amended, to treat any portion of the Restricted Stock Award as taxable compensation prior to the grant of time the restrictions are removed from the stock subject to the Restricted Stock Award or the issuance of the SharesAward.