Notification of Disposition. The Employee shall give prompt notice to the Company of any disposition or other transfer of any shares of stock acquired under this Agreement if such disposition or transfer is made (a) within two (2) years from the date of granting the Option with respect to such shares or (b) within one (1) year after the transfer of such shares to him. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by the Employee in such disposition or other transfer.
Appears in 22 contracts
Sources: Incentive Stock Option Agreement (Griffin Land & Nurseries Inc), Incentive Stock Option Agreement (Mercury General Corp), Incentive Stock Option Agreement (Mercury General Corp)
Notification of Disposition. The Employee Optionee shall give prompt notice to the Company of any disposition or other transfer of any shares of stock acquired under this Agreement if such disposition or transfer is made (a) within two (2) years from the date Granting Date of granting the Option with respect to such shares or (b) within one (1) year after the transfer of such shares to him. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by the Employee Optionee in such disposition or other transfer.
Appears in 4 contracts
Sources: Incentive Stock Option Agreement (Layne Christensen Co), Incentive Stock Option Agreement (Layne Christensen Co), Incentive Stock Option Agreement (Layne Christensen Co)
Notification of Disposition. The Employee Recipient shall give prompt notice to the Company of any disposition or other transfer of any shares of stock acquired under this Agreement if such disposition or transfer is made (a) within two (2) years from the date of granting the Option exercise of an option with respect to such shares or (b) within one (1) year after the transfer of such shares to himshares. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by the Employee Recipient in such disposition or other transfer.
Appears in 3 contracts
Sources: Nonstatutory Stock Option Agreement (Powercerv Corp), Nonstatutory Stock Option Agreement (RCF Inc), Nonstatutory Stock Option Agreement (Powercerv Corp)