Disqualifying Disposition. A “Disqualifying Disposition” shall have the meaning specified in Section 421(b) of the Internal Revenue Code of 1986, as amended, or any successor provision; as of the date of grant of this Option, a Disqualifying Disposition is any disposition (including any sale) of such shares before the later of (i) the second anniversary of the date of grant of this Option or (ii) the first anniversary of the date on which the Holder acquired such shares by exercising this Option, provided that such holding period requirements terminate upon the death of the Holder.
Appears in 3 contracts
Sources: Incentive Stock Option Agreement (Color Kinetics Inc), Incentive Stock Option Agreement (Color Kinetics Inc), Incentive Stock Option Agreement (Color Kinetics Inc)
Disqualifying Disposition. A “"Disqualifying Disposition” " shall have the meaning specified in Section 421(b) of the Internal Revenue Code of 1986, as amended, or any successor provision; as of the date of grant of this Option, a Disqualifying Disposition is any disposition (including any sale) of such shares before the later of (ia) the second anniversary of the date of grant of this Option or (iib) the first anniversary of the date on which the Holder acquired such shares by exercising this Option, provided PROVIDED that such holding period requirements terminate upon the death of the Holder.
Appears in 2 contracts
Sources: Employment Agreement (Able Laboratories Inc), Employment Agreement (Able Laboratories Inc)
Disqualifying Disposition. A “"Disqualifying Disposition” " shall have the meaning specified in Section 421(b) of the Internal Revenue Code of 1986, as amended, or any successor provision; as of the date of grant of this Option, a Disqualifying Disposition is any disposition (including any sale) of such shares before the later of (ia) the second anniversary of the date of grant of this Option or (iib) the first anniversary of the date on which the Holder acquired such shares by exercising this Option, provided that such holding period requirements terminate upon the death of the Holder.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Plymouth Rubber Co Inc), Stock Option Agreement (Able Laboratories Inc)
Disqualifying Disposition. A “"Disqualifying Disposition” " shall have the meaning specified in Section 421(b) of the Internal Revenue Code of 1986, as amended, or any successor provision; as of the date of grant of this Option, a Disqualifying Disposition is any disposition (including any sale) of such shares before the later of (i) the second anniversary of the date of grant of this Option or (ii) the first anniversary of the date on which the Holder acquired such shares by exercising this Option, provided that such holding period requirements terminate upon the death of the Holder.
Appears in 1 contract
Sources: Incentive Stock Option Agreement (Color Kinetics Inc)