Common use of Notice of Triggering Event Clause in Contracts

Notice of Triggering Event. Issuer will notify Grantee promptly in writing of the occurrence of any Initial Triggering Event or Subsequent Triggering Event (together, a "Triggering Event"), it being understood that the giving of such notice by Issuer is not a condition to the right of the Holder to exercise the Option.

Appears in 2 contracts

Samples: Stock Option Agreement (Westerfed Financial Corp), Stock Option Agreement (Alliance Bancorp)

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Notice of Triggering Event. Issuer will shall notify Grantee promptly in -------------------------- writing of the occurrence of any Initial Triggering Event or Subsequent Triggering Event (together, a "Triggering Event"), it being understood that the giving of such notice by Issuer is shall not be a condition to the right of the Holder Grantee to exercise the OptionOption or for a Triggering Event to have occurred.

Appears in 1 contract

Samples: Stock Option Agreement (McKesson Corp)

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Notice of Triggering Event. Issuer will shall notify Grantee promptly -------------------------- in writing of the occurrence of any Initial Triggering Event or Subsequent Triggering Event (together, a "Triggering Event"), it being understood that the giving of such notice by Issuer is shall not be a condition to the right of the Holder Grantee to exercise the OptionOption or for a Triggering Event to have occurred.

Appears in 1 contract

Samples: Stock Option Agreement (McKesson Corp)

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