Common use of Notification of Sale Clause in Contracts

Notification of Sale. Optionee agrees that Optionee, or any person acquiring shares upon exercise of this option, will notify the Bank not more than five (5) days after any sale or other disposition of such shares. No shares issuable upon the exercise of this option shall be issued and delivered unless and until the Bank has fully complied with all applicable requirements of any regulatory agency having jurisdiction over the Bank, and all applicable requirements of any exchange upon which stock of the Bank may be listed.

Appears in 29 contracts

Samples: Nonqualified Stock Option Agreement (Community Valley Bancorp), Nonqualified Stock Option Agreement (Community Valley Bancorp), Incentive Stock Option Agreement (Community Valley Bancorp)

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Notification of Sale. Optionee agrees that Optionee, or any person acquiring shares upon exercise of this option, will notify the Bank not more than five (5) days after any sale or other disposition of such shares. No shares issuable upon the exercise of this option shall be issued and delivered unless and until the Bank has fully complied with all applicable requirements Of California and federal law pertaining to the issuance and sale of any regulatory agency having jurisdiction over the Banksuch shares, and all applicable listing requirements of any exchange upon the securities exchanges, if any, on which stock shares of the Bank may be listedof the same class are then listed shall have been complied with.

Appears in 15 contracts

Samples: Incentive Stock Option Agreement (Plumas Bancorp), Non Qualified Stock Option Agreement (Plumas Bancorp), Incentive Stock Option Agreement (Plumas Bancorp)

Notification of Sale. Optionee agrees that Optionee, or any person acquiring shares upon exercise of this option, will notify the Bank not more than five (5) days after any sale or other disposition of such shares. No shares issuable upon the exercise of this option shall be issued and delivered unless and until the Bank has fully complied with all applicable requirements of any regulatory agency having jurisdiction over the Bank, and all applicable requirements of any exchange upon which stock the Common Stock of the Bank may be listed.

Appears in 14 contracts

Samples: Nonqualified Stock Option Agreement (Bank Holdings), Nonqualified Stock Option Agreement (Bank Holdings), Nonqualified Stock Option Agreement (Bank Holdings)

Notification of Sale. Optionee agrees that Optionee, or any person acquiring shares upon exercise of this option, will notify the Bank Bancorp not more than five (5) days after any sale or other disposition of such shares. No shares issuable upon the exercise of this option shall be issued and delivered unless and until the Bank Bancorp has fully complied with all applicable requirements of any regulatory agency having jurisdiction over the BankBancorp, and all applicable requirements of any exchange upon which stock of the Bank Bancorp may be listed.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (Plumas Bancorp), Incentive Stock Option Agreement (Plumas Bancorp), Incentive Stock Option Agreement (Plumas Bancorp)

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Notification of Sale. Optionee agrees that Optionee, or any person acquiring shares Shares upon exercise of this optionthe Option on behalf of Optionee, will shall notify the Bank not more than five (5) days after any sale or other disposition of such shares. No shares issuable upon the exercise of this option shall be issued and delivered unless and until the Bank has fully complied with all applicable requirements of any regulatory agency having jurisdiction over the Bank, and all applicable requirements of any exchange upon which stock of the Bank may be listedShares.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Tehama Bancorp), Director Nonstatutory Stock Option Agreement (Tehama Bancorp)

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