Required Holding Period. Notwithstanding the provisions of Section 2(b), to the extent necessary for the Option, its exercise or the sale of Option Shares acquired thereunder to be exempt from Section 16(b) of the Exchange Act of 1934, as amended, (i) except in the case of Optionee's death or Disability, Optionee shall not be entitled to exercise the Option until the expiration of the six-month period following the Date of Grant, or (ii) at least six months shall elapse from the Date of Grant to the date of disposition of the Option Shares acquired upon exercise of the Option.
Appears in 6 contracts
Samples: Incentive Stock Option Agreement (Point West Capital Corp), Incentive Stock Option Agreement (Point West Capital Corp), Incentive Stock Option Agreement (Point West Capital Corp)
