Common use of Notice of Triggering Event Clause in Contracts

Notice of Triggering Event. Issuer shall notify Grantee promptly in writing of the occurrence of any Triggering Event, and in any event within twenty-four (24) hours, it being understood that the giving of such notice by Issuer shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.

Appears in 6 contracts

Samples: Stock Option Agreement (Phone Com Inc), Stock Option Agreement (Hewlett Packard Co), Stock Option Agreement (Phone Com Inc)

AutoNDA by SimpleDocs

Notice of Triggering Event. Issuer shall notify Grantee -------------------------- promptly in writing of the occurrence of any Triggering Event, and in any event within twenty-four (24) hours, it being understood that the giving of such notice by Issuer shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.

Appears in 2 contracts

Samples: Stock Option Agreement (Software Com Inc), Stock Option Agreement (Software Com Inc)

AutoNDA by SimpleDocs

Notice of Triggering Event. Issuer shall notify Grantee promptly -------------------------- in writing of the occurrence of any Triggering Event, and in any event within twenty-four (24) hours, it being understood that the giving of such notice by Issuer shall not be a condition to the right of Grantee to exercise the Option or for a Triggering Event to have occurred.

Appears in 2 contracts

Samples: Stock Option Agreement (Software Com Inc), Stock Option Agreement (Software Com Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.