Common use of Disqualifying Disposition Clause in Contracts

Disqualifying Disposition. The Optionee agrees and covenants that if he disposes of any of the Common Stock in a “disqualifying disposition,” as described in Section 422 of the Code, he will immediately contact the Company to inform it of such event.

Appears in 7 contracts

Sources: Incentive Stock Option Agreement (Emisphere Technologies Inc), Incentive Stock Option Agreement (Emisphere Technologies Inc), Incentive Stock Option Agreement (Emisphere Technologies Inc)

Disqualifying Disposition. The Optionee agrees and ------------------------- covenants that if he disposes of any of the Common Stock in a "disqualifying disposition," as described in Section 422 of the Code, he will immediately contact the Company to inform it of such event.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Emisphere Technologies Inc)

Disqualifying Disposition. The Optionee agrees and covenants that if he disposes of any of the Common Stock in a "disqualifying disposition," as described in Section 422 of the Code, he will immediately contact the Company to inform it of such event.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Ply Gem Holdings Inc)