Common use of Notice of Disqualifying Disposition of Incentive Stock Option Shares Clause in Contracts

Notice of Disqualifying Disposition of Incentive Stock Option Shares. If the Option granted to Optionee herein is an Incentive Stock Option, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the Incentive Stock Option on or before the later of (i) the date two years after the Date of Grant, or (ii) the date one year after the date of exercise, Optionee shall immediately notify the Company in writing of such disposition. Optionee acknowledges and agrees that he or she may be subject to income tax withholding by the Company on the compensation income recognized by Optionee from the early disposition by payment in cash or out of the current earnings paid to Optionee.

Appears in 3 contracts

Samples: Stock Option Agreement (Emerging Delta Corp), Stock Option Agreement (Nexx Systems Inc), Stock Option Agreement (Genesis Microchip Inc /De)

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Notice of Disqualifying Disposition of Incentive Stock Option Shares. If the Option granted to Optionee herein is an Incentive Stock Option, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the Incentive Stock Option on or before the later of (i1) the date two years after its date of grant (as provided in the Date Notice of Grant), or (ii2) the date one year after the date of exercise, the Optionee shall immediately notify the Company in writing of such disposition. Optionee acknowledges and agrees that he or she Optionee may be subject to income tax withholding by the Company on the compensation income recognized by Optionee from the early disposition by payment in cash or out of the current earnings paid to Optionee.

Appears in 3 contracts

Samples: Stock Option Agreement (Autodesk Inc), Stock Option Agreement (Autodesk Inc), Stock Option Agreement (Autodesk Inc)

Notice of Disqualifying Disposition of Incentive Stock Option Shares. If the Option granted to Optionee herein is an Incentive Stock Option, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the such Incentive Stock Option on or before the later of (i) the date two (2) years after the Date of Grant, or (ii) the date one (1) year after the date of exercise, Optionee shall immediately notify the Company in writing of such disposition. Optionee acknowledges and agrees that he or she may be subject to income tax withholding by the Company on the compensation income recognized by Optionee from the early disposition by payment in cash or out of the current earnings paid to Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Media Metrix Inc), Stock Option Agreement (Media Metrix Inc)

Notice of Disqualifying Disposition of Incentive Stock Option Shares. If the Option granted to Optionee herein is an Incentive Stock Option, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the Incentive Stock Option on or before the later of (i1) the date which is two (2) years after the Date of Grant, or (ii2) the date which is one year after the date of exercise, the Optionee shall immediately notify the Company in writing of such disposition. Optionee acknowledges and agrees that he or she Optionee may be subject to income tax withholding by the Company on the compensation income recognized by Optionee from the early disposition by payment in cash or out of the current earnings paid to Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Vnus Medical Technologies Inc), Stock Option Agreement (Vnus Medical Technologies Inc)

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Notice of Disqualifying Disposition of Incentive Stock Option Shares. If the Option granted to Optionee herein is an Incentive Stock Option, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the Incentive Stock Option on or before the later of (i) the date two (2) years after the Date of Grant, or (ii) the date one (1) year after the date of exercise, Optionee shall immediately notify the Company in writing of such disposition. Optionee acknowledges and agrees that he or she may be subject to income tax withholding by the Company on the compensation income recognized by Optionee from the early disposition by payment in cash or out of the current earnings paid to Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Alpine Immune Sciences, Inc.)

Notice of Disqualifying Disposition of Incentive Stock Option Shares. If the Option granted to Optionee herein is an Incentive Stock Option, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the Incentive Stock Option on or before the later of (i1) the date two years after the Date of Grant, or (ii2) the date one year after the date of exercise, Optionee shall immediately notify the Company in writing of such disposition. Optionee acknowledges and agrees that he or she Optionee may be subject to income tax withholding by the Company on the compensation income recognized by Optionee from the early disposition by payment in cash or out of the current earnings paid to Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Broadcom Corp)

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