Common use of Notice of Such Occurrences Clause in Contracts

Notice of Such Occurrences. At least 30 days' prior written notice of any event described in Section 7(a) hereof, except the transactions described in subsections 7(a)(iii) and (iv) as to which no notice shall be required, shall be given by the Company to Optionee. If Optionee is so notified, he may exercise all or a portion of the entire unexercised portion of this option at any time before the occurrence of the event requiring the giving of notice, regardless of whether all conditions of exercise relating to continuation of employment for specified periods of time have been satisfied. Such notice shall be deemed to have been given when delivered personally to Optionee or when mailed to Optionee by registered or certified mail, postage prepaid, at Optionee's last address known to the Company.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc), Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc), Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc)

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Notice of Such Occurrences. At least 30 days' prior written notice of any event described in Section 7(a9(a) hereof, except the transactions described in subsections 7(a)(iii9(a)(iii) and (iv) as to which no notice shall be required, shall be given by the Company to the Optionee. If the Optionee is so notified, he may exercise all or a portion of the entire unexercised portion of this option at any time before the occurrence of the event requiring the giving of notice, regardless of whether all conditions of exercise relating to continuation of employment for specified periods of time have been satisfied. Such notice shall be deemed to have been given when delivered personally to the Optionee or when mailed to the Optionee by registered or certified mail, postage prepaid, at the Optionee's last address known to the Company.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Hanger Orthopedic Group Inc), Stock Option Agreement (Hanger Orthopedic Group Inc), Incentive Stock Option Agreement (Hanger Orthopedic Group Inc)

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Notice of Such Occurrences. At least 30 days' ’ prior written notice of any event described in Section 7(a) hereof, except the transactions described in subsections 7(a)(iii7(a)(ii) and (iviii) as to which no notice shall be required, shall be given by the Company to the Optionee. If the Optionee is so notified, he may exercise all or a portion of the entire then vested (as of the date of such notice but without any acceleration) but previously unexercised portion of this option at any time before the occurrence of the event requiring the giving of notice, regardless of whether all conditions of exercise relating to continuation of employment for specified periods of time have been satisfied. Such notice shall be deemed to have been given when delivered personally to the Optionee or when mailed to the Optionee by registered or certified mail, postage prepaid, at the Optionee's ’s last address known to the Company.

Appears in 1 contract

Samples: Executive Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc)

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