Common use of Notification of Disqualifying Disposition Clause in Contracts

Notification of Disqualifying Disposition. The Employee hereby agrees to notify the Company in writing in the event shares acquired pursuant to the exercise of this Option are transferred, other than by will or by the laws of descent and distribution, within two years after the date indicated above or within one year after the issuance of such shares pursuant to such exercise.

Notification of Disqualifying Disposition. The Employee hereby agrees to notify the Company in writing in the event shares acquired pursuant to the exercise of this Option are transferred, other than by will or by the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order, within two years after the date indicated above or within one year after the issuance of such shares pursuant to such exercise.