Common use of Sale of Shares Acquired Upon Exercise of Options Clause in Contracts

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 of the Company’s common stock acquired pursuant to Options granted hereunder as set forth herein cannot be sold by the Director 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) of the Securities Exchange Act of1934of 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 or if the grant was exempt from the short-swing profit provisions of Section 16(b) of the Securities Exchange Act of1934of 1934.

Sale of Shares Acquired Upon Exercise of Options. Any If the Optionee is an Officer or a Director of the Company, any shares of the Company’s common stock acquired pursuant to the Options granted hereunder as set forth herein cannot be sold by the Director Optionee until at least six months elapse from the date of grant of the Options Grant Date except in case of death or disability Disability or if the grant was exempt from the short-swing profit provisions of Section 16(b) of the Securities Exchange Act of1934).