Common use of Notification of Disposition Clause in Contracts

Notification of Disposition. Participant agrees to notify the Company in writing, within thirty days, of any disposition (whether by sale, exchange, gift, or otherwise) of shares of Common Stock acquired by the Participant pursuant to the exercise of this Option within one year of the transfer of such shares to the Participant.

Appears in 13 contracts

Sources: Incentive Stock Option Agreement (Hovnanian Enterprises Inc), Incentive Stock Option Agreement (Hovnanian Enterprises Inc), Incentive Stock Option Agreement (Hovnanian Enterprises Inc)