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

Appears in 2 contracts

Samples: Stock Option Agreement (Actel Corp), Actel Corporation (Actel Corp)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Genelabs Technologies Inc /Ca

Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Optionee herein is an ISOIncentive Stock Option, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO Incentive Stock Option on or before the later of (iof(1) the date two years after the Date of Grant and Grant, or (ii2) the date one year after transfer the date of such Shares to the Optionee upon exercise of the ISOexercise, the Optionee shall immediately notify the Company in writing of such disposition. Optionee agrees that Optionee may be subject to income tax withholding by the Company on the compensation income recognized by the Optionee from the early disposition by payment in cash or out of the current earnings compensation paid to the Optionee.

Appears in 1 contract

Samples: Wealthhound Com Inc

Notice of Disqualifying Disposition of ISO Shares. If the this Option granted to Optionee herein is an ISO, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of of: (ia) the date two (2) years after the Date of Grant and Grant, or (iib) the date one (1) year after transfer of such Shares to the Optionee upon exercise of the ISO, with respect to the Shares to be sold or disposed, Optionee shall immediately notify the Company in writing of such sale or disposition. Optionee acknowledges and agrees that Optionee may be subject to income tax withholding by the Company on the compensation income recognized by the Optionee from the any such early disposition by payment in cash or out of the current wages or earnings paid payable to the OptioneeOptionee or otherwise.

Appears in 1 contract

Samples: Stock Option Agreement (Manhattan Associates Inc)

Notice of Disqualifying Disposition of ISO Shares. If the this Option granted to Optionee herein is an ISO, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of within (ia) the date two years after the Date of Grant and Option Grant, or (iib) the date one year after transfer of such Shares to the Optionee upon exercise of the ISOISO with respect to the Shares to be sold or disposed, the Optionee shall immediately notify the Company in writing of such disposition. Optionee acknowledges and agrees that Optionee may be subject to income tax withholding by the Company on the compensation income recognized by the Optionee from the any such early disposition by payment in cash (or in Shares, to the extent permissible under Section 5.2) or out of the current wages or other earnings paid payable to the Optionee.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Embarcadero Technologies Inc)

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

Appears in 1 contract

Samples: Synopsys Inc

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Vacu Dry Co

Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Optionee herein is an ISO, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i1) the date two years after the Date of Grant and Grant, or (ii2) the date one year after transfer the date of such Shares to the Optionee upon exercise of the ISOexercise, the Optionee shall immediately notify the Company in writing of such disposition. Optionee agrees that Optionee may be subject to income tax withholding by the Company on the compensation income recognized by the Optionee from the early disposition by payment in cash or out of the current earnings paid to the OptioneeOptionee or as otherwise provided in Section 11.

Appears in 1 contract

Samples: Stock Option Agreement (Connetics Corp)

Notice of Disqualifying Disposition of ISO Shares. If the this Option granted to Optionee herein is an ISO, and if Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of of: (ia) the date two (2) years after the Date of Grant and Grant, or (iib) the date one (1) year after transfer of such Shares to the Optionee upon exercise of the ISO, with respect to the Shares to be sold or disposed, Optionee shall immediately notify the Company in writing of such sale or disposition. Optionee acknowledges and agrees that Optionee may be subject to income tax withholding by the Company on the compensation income recognized by the Optionee from the any such early disposition by payment in cash or out of the current wages or earnings paid payable to the Optionee.

Appears in 1 contract

Samples: Release and Settlement Agreement (Optio Software Inc)

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