Common use of Notice of Disqualifying Disposition of ISO Shares Clause in Contracts

Notice of Disqualifying Disposition of ISO Shares. If the Option granted to the Optionee herein is an ISO, and if the Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (1) the date two years after the Date of Grant, or (2) the date one year after the date of exercise, the Optionee shall immediately notify the Company in writing of such disposition. The Optionee agrees that the Optionee may be subject to income tax withholding by the Company on the compensation income recognized by the Optionee.

Appears in 4 contracts

Samples: Stock Option Agreement (Heliogen, Inc.), Stock Option Agreement (Modem Media Inc), Stock Option Agreement (Zland Com Inc)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Employment Agreement (Treasure Mountain Holdings Inc)

Notice of Disqualifying Disposition of ISO Shares. If the Option granted to the Optionee herein is an in ISO, and if the Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (1) the date two years after the Date of Grant, or (2) the date one year after the date of exercise, the Optionee shall immediately notify the Company in writing of such disposition. The Optionee agrees that the Optionee may be subject to income tax withholding by the Company on the compensation income recognized by the Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Iss Group Inc)

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

Appears in 1 contract

Samples: Stock Option Agreement (E Loan Inc)

AutoNDA by SimpleDocs

Notice of Disqualifying Disposition of ISO Shares. If the Option granted to the Optionee herein is an ISO, and if the Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (1) the date two years after the Date of Grant, or (2) the date one year after the date of exercise, the Optionee shall immediately notify the Company in writing Writing of such disposition. The Optionee agrees that the Optionee may be subject to income tax withholding by the Company on an the compensation income recognized by the Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Iss Group Inc)

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