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 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 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 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 Participant agrees to refrain from making an election pursuant to Section 83(b) of the Internal Revenue Code with respect to the Shares.

Appears in 2 contracts

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

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