Common use of NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION Clause in Contracts

NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION. Each employee who receives an ISO must agree to notify the Company in writing immediately after the employee makes a Disqualifying Disposition (as defined below) of any Common Stock acquired pursuant to the exercise of an ISO. A “Disqualifying Disposition” is any disposition (including any sale) of such Common Stock before either (a) two years after the date the employee was granted the ISO, or (b) one year after the date the employee acquired Common Stock by exercising the ISO. If the employee has died before such stock is sold, these holding period requirements do not apply and no Disqualifying Disposition can occur thereafter.

NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION. Each employee who ---------------------------------------------- receives an ISO must ISOs shall agree to notify the Company in writing immediately after the employee makes a Disqualifying Disposition (as defined below) of any Common Stock acquired received pursuant to the exercise of an ISO. A “Disqualifying Disposition” Disposition is any disposition (including any sale) of such Common Stock stock before either the later of (a) two years after the date the employee was granted the ISOISO under which he acquired such stock, or (b) one year after the date the employee acquired Common Stock such stock by exercising the ISO. If the employee has died before such stock is sold, these holding period requirements do not apply and no Disqualifying Disposition can occur thereafter.