Sale of Shares Acquired Upon Exercise of Options. If the Optionee is an officer (as defined by Section 16(b) of the Securities Exchange Act of 1934 (“Section 16(b)”)) or a director of the Company, any shares of the Company’s common stock acquired pursuant to the Options cannot be sold by the Optionee until at least six months elapse from the Grant Date except in case of death or disability or if the grant was exempt from the short-swing profit provisions of Section 16(b).
Sale of Shares Acquired Upon Exercise of Options. If the Optionee is an officer (as defined by Section 16(b) of the Securities Exchange Act of 1934, as amended (“Section 16(b)”), any shares of the Company’s Common Stock acquired pursuant to Options granted hereunder cannot be sold by the Optionee, subject to registration or an exemption from registration such as to Rule 144 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), until at least six (6) months elapse from the date of grant of the Options, except in the case of death or disability or if the grant was exempt from the short-swing profit provisions of Section 16(b).
Sale of Shares Acquired Upon Exercise of Options. Any shares of the Company’s common stock acquired pursuant to Options granted hereunder as set forth herein cannot be sold by the Director until at least six months elapse from the date of grant of the Options except in case of death or disability or if the grant was exempt from the short-swing profit provisions of Section 16(b) of the Securities Exchange Act of1934.
Sale of Shares Acquired Upon Exercise of Options. Any Shares acquired pursuant to Options granted hereunder can be publicly sold by the Employee in compliance with the Securities Act of 1933 (the "Securities Act"), subject to effectiveness of a Form S-8 which is anticipated to be filled with the Securities Exchange Commission on or after the filing of the Form 10-KSB for the year ended December 31, 2004.
Sale of Shares Acquired Upon Exercise of Options. If the Optionee is an officer (as defined by Section 16(b) of the Securities Exchange Act of 1934 (“Section 16(b)”)) or a director of the Company, any shares of Common Stock acquired pursuant to the Options cannot be sold by the Optionee until at least six months elapse from the Grant Date except in case of death or disability or if the grant was exempt from the short-swing profit provisions of Section 16(b). Further the cashless exercise provision Section 5 may only be elected if the approval required by Rule 16b-3 has been obtained or the exercise is exempted by Rule 16b-6 under the Securities Exchange Act of 1934.
Sale of Shares Acquired Upon Exercise of Options. Any shares of the Company’s common stock acquired pursuant to Options granted hereunder as set forth herein cannot be sold by the Director until at least six months elapse from the date of grant of the Options except in case of death or disability. Nothing in this Section 7 shall be deemed to reduce the holding period set forth under the applicable securities laws.
Sale of Shares Acquired Upon Exercise of Options. Intentionally Omitted.
Sale of Shares Acquired Upon Exercise of Options. Any shares of the ------------------------------------------------ Company's common stock acquired pursuant to Options granted hereunder cannot be sold by the Employee until at least one year elapses from the date of exercise, unless a registration statement covering the sale of the common stock is in effect.
Sale of Shares Acquired Upon Exercise of Options. Any shares of the Company's common stock acquired pursuant to Options granted hereunder which qualify as ISOs under Section 3(b) above cannot be sold by the Employee until at least two years elapse from the date of grant of the Options and one year from the date of exercise. Nothing in this Section 7 shall be deemed to reduce the holding period set forth under the applicable securities laws.
Sale of Shares Acquired Upon Exercise of Options. If the Optionee is an officer (as defined by Section 16(b) of the Securities Exchange Act of 1934 (“Section 16(b)”)) or director of the Company, any shares of the Company’s common stock acquired pursuant to Options granted hereunder cannot be sold by the Optionee until at least six months elapse from the date of grant of the Options except in case of death or disability or if the grant was exempt from the short-swing profit provisions of Section 16(b). Any shares of the Company’s common stock acquired pursuant to the exercise of Options granted under this Agreement, cannot be sold by the Optionee except for vested Options.
