Common use of NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION Clause in Contracts

NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION. If this Option is ---------------------------------------------- intended to be an incentive stock option under the Plan as set forth on the first page hereof, by its acceptance hereof, each Optionee agrees to notify the Company in writing immediately after he makes a Disqualifying Disposition (as described in Sections 421, 422 and 424 of the Code and regulations thereunder) of any stock acquired pursuant to the exercise of incentive stock options granted under the Plan. A Disqualifying Disposition is generally any disposition occurring within two years of the date the incentive stock option was granted or within one year of the date the incentive stock option was exercised, whichever period ends later.

NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION. If this Option is ---------------------------------------------- intended ------------------------------------------------ to be an incentive stock option under the Plan as set forth on the first page hereofface of this certificate, by its acceptance hereof, each the Optionee agrees to notify the Company in writing immediately after he or she makes a Disqualifying Disposition (as described in Sections 421, 422 and 424 of the Code and regulations thereunder) of any stock acquired pursuant to the exercise of incentive stock options granted under the Plan. A Disqualifying Disposition is generally any disposition occurring within two years of the date the incentive stock option was granted or within one year of the date the incentive stock option was exercised, whichever period ends later. Such notice shall be mailed or delivered to the Company at its principal place of business.