Common use of Notification of Disqualifying Disposition Clause in Contracts

Notification of Disqualifying Disposition. The ----------------------------------------- Optionee shall notify the Company in writing immediately after he makes a Disqualifying Disposition of any Plan Stock acquired by exercise of the Option. For these purposes, a "Disqualifying Disposition" is any ------------------------- disposition of any Plan Stock within two (2) years after the Grant Date and one (1) year after the date of exercise of the Option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Alliance Healthcard Inc)

Notification of Disqualifying Disposition. The Optionee ----------------------------------------- Optionee shall notify the Company in writing immediately after he makes a Disqualifying Disposition of any Plan Stock acquired by exercise of the Option. For these purposes, a "Disqualifying Disposition" is any ------------------------- disposition of any Plan Stock within two (2) years after the Grant Date and one (1) year after the date of exercise of the Option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Alliance Healthcard Inc)