Common use of Participant's Sole Responsibility Clause in Contracts

Participant's Sole Responsibility. The Participant will be solely responsible for paying to the Company all required federal, state, city and local taxes applicable to his/her (i) exercise of an NSO, and (ii) disposition of Shares acquired pursuant to the exercise of an ISO is a disqualifying disposition as described in Section 422(a)(1) of the Code. The Participant agrees to notify the Company within ten (10) days of making such a disqualifying disposition.

Appears in 5 contracts

Samples: Equity Incentive Plan Executive Stock Option Award Agreement (Old National Bancorp /In/), Plan Executive Stock Option Award Agreement (Old National Bancorp /In/), Old National Bancorp 1999 Equity Incentive Plan Executive Stock Option Award Agreement (Old National Bancorp /In/)

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