Common use of Disposition of Stock Clause in Contracts

Disposition of Stock. A Participant shall notify the Corporation of any sale or other disposition of Common Stock acquired pursuant to an Option that was an Incentive Stock Option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the Corporation.

Appears in 2 contracts

Sources: 2006 Equity Compensation Plan (Middleburg Financial Corp), Equity Compensation Plan (Middleburg Financial Corp)

Disposition of Stock. A Participant shall notify the Corporation Company of -------------------- any sale or other disposition of Common Stock acquired pursuant to an Option that was an Incentive Stock Option incentive stock option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the CorporationCompany.

Appears in 1 contract

Sources: 1999 Stock Option Plan (Cardinal Financial Corp)

Disposition of Stock. A Participant shall notify the Corporation Company of any sale or other disposition of Common Stock acquired pursuant to an Option that was an Incentive Stock Option incentive stock option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the CorporationCompany.

Appears in 1 contract

Sources: 1999 Stock Option Plan (Cardinal Financial Corp)

Disposition of Stock. A Participant shall notify the Corporation Company of any permitted sale or other disposition of Common Stock acquired pursuant to an Option that was an Incentive Stock Option incentive stock option if such permitted sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the CorporationCompany.

Appears in 1 contract

Sources: 1997 Equity Incentive Plan (Net2000 Communications Inc)

Disposition of Stock. A Participant shall notify the Corporation Committee of any sale or other disposition of Common Stock acquired pursuant to an Option that was an Incentive Stock Option incentive stock option if such sale or disposition occurs (i) within two years of the grant of an Option or (ii) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the CorporationCompany.

Appears in 1 contract

Sources: 1997 Stock Incentive Plan (Mainstreet Bankgroup Inc)

Disposition of Stock. A Participant shall notify the Corporation Company of any sale or other disposition of Common Stock acquired pursuant to an Option that was an Incentive Stock Option incentive stock option if such sale or disposition occurs (ia) within two years of the grant of an Option or (iib) within one year of the issuance of the Common Stock to the Participant. Such notice shall be in writing and directed to the Secretary of the CorporationCompany.

Appears in 1 contract

Sources: Incentive Compensation and Stock Plan (Newmarket Corp)