Common use of Notification of Election Clause in Contracts

Notification of Election. Under Section 83(b) of the Code If the Participant shall, in connection with the grant of Restricted Stock under this Agreement, make the election permitted under Section 83(b) of the Internal Revenue Code (i.e., an election to include in gross income in the year of transfer the amounts specified in Section 83(b) of the Internal Revenue Code), then the Participant shall notify the Company of such election within 10 days of filing notice of the election with the Internal Revenue Service.

Notification of Election. Under Section 83(b) of the Code Code. If the any Participant shall, in connection with the grant acquisition of Restricted shares of Common Stock under this Agreementthe Plan, make the election permitted under Section 83(b) of the Internal Revenue Code (i.e.Code, an election to include in gross income in the year of transfer the amounts specified in Section 83(b) of the Internal Revenue Code), then the such Participant shall notify the Company of such election within 10 ten (10) days of after filing notice of the election with the Internal Revenue Service.