Sale or Other Disposition Sample Clauses

Sale or Other Disposition. Optionee understands that, under current law, beneficial tax treatment resulting from the exercise of this Option will be available only if certain requirements of the Code are satisfied, including without limitation, the requirement that no disposition of Shares acquired pursuant to exercise of this Option be made within two years from the grant date or within one year after the transfer of Shares to him or her. If Optionee at any time contemplates the disposition (whether by sale, gift, exchange, or other form of transfer) of any such Shares, he or she will first notify the Company in writing of such proposed disposition and cooperate with the Company in complying with all applicable requirements of law, which, in the judgment of the Company, must be satisfied prior to such disposition. In addition to the foregoing, Optionee hereby agrees that before Optionee disposes (whether by sale, exchange, gift, or otherwise) of any Shares acquired by exercise of this Option within two years of the grant date or within one year after the transfer of such Shares to Optionee upon exercise of this Option, Optionee shall promptly notify the Company in writing of the date and terms of the proposed disposition and shall provide such other information regarding the Option as the Company may reasonably require immediately before such disposition. Said written notice shall state the date of such proposed disposition, and the type and amount of the consideration to be received for such Shares by Optionee in connection therewith. In the event of any such disposition, the Company shall have the right to require Optionee to immediately pay the Company the amount of taxes (if any) which the Company is required to withhold under federal and/or state law as a result of the granting or exercise of the Option and the disposition of the Shares.

Sale or Other Disposition. Optionee hereby agrees that the Company may request that before Optionee disposes (whether by sale, exchange, gift, or otherwise) of any Shares acquired by exercise of this Option that Optionee promptly notify the Company in writing of the date and terms of the proposed disposition and shall provide such other information regarding the Option as the Company may reasonably require immediately before such disposition. Said written notice shall state the date of such proposed disposition, and the type and amount of the consideration to be received for such Share or Shares by Optionee in connection therewith. In the event of any such disposition, the Company shall have the right to require Optionee to immediately pay the Company the amount of taxes (if any) which the Company is required to withhold under federal and/or state law as a result of the granting or exercise of the Option and the disposition of the Shares.

Sale or Other Disposition. Except as contemplated by this Agreement, there are currently no discussions to which XCHO or anyone acting on behalf of XCHO is a party relating to: (a) the sale of a material portion of the assets of the XCHO, (b) any merger, consolidation, share exchange, liquidation, dissolution or similar transaction involving XCHO, or (c) the transfer or issuance of any shares of XCHO.

Sale or Other Disposition of Vessel ----------------------------------- . Except as allowed in the Indenture, the Mortgagor will not sell, mortgage, bareboat charter, transfer or in any other way dispose of all or any part of the Vessel without the prior written consent of the Mortgagee.

Sale or Other Disposition. Optionee understands that, under current law, beneficial tax treatment resulting from the exercise of this Option will be available only if certain requirements of the Code are satisfied, including without limitation, the requirement that no disposition of Shares acquired pursuant to exercise of this Option be made within two (2) years from the grant date or within one (1) year after the transfer of Shares to the Optionee. If Optionee at any time contemplates the disposition (whether by sale, gift, exchange, or other form of transfer) of any such Shares, the Optionee shall first notify the Company in writing of such proposed disposition and cooperate with the Company in complying with all applicable requirements of law, which, in the judgment of the Company, must be satisfied prior to such disposition. In addition to the foregoing, Optionee hereby agrees that before Optionee disposes (whether by sale, exchange, gift, or otherwise) of any Shares acquired by exercise of this Option within two (2) years of the grant date or within one (1) year after the transfer of such Shares to Optionee upon exercise of this Option, Optionee shall promptly notify the Company in writing of the date and terms of the proposed disposition and shall provide such other information regarding the Option as the Company may reasonably require immediately before such disposition. Said

Sale or Other Disposition. If all or any part of the Property or any interest therein or any rents or income therefrom is sold; transferred; conveyed; assigned; mortgaged or otherwise encumbered or otherwise disposed of by Grantor without Beneficiary's prior written consent, any such event shall constitute an "Event of Default" as provided in this Deed of Trust, and Beneficiary may, at its option, declare the entire principal indebtedness hereby secured with all interest accrued thereon and all other sums hereby secured (hereinafter referred to as the "Entire Indebtedness") immediately due and payable and in the event of default in the payment of the Entire Indebtedness when declared due, Beneficiary may, at its option, direct the Trustee, or his successor or substitute, to sell the Property as herein provided and may exercise any and all other rights and remedies permitted herein. Any waiver by Beneficiary of or any forbearance by Beneficiary to exercise its option to accelerate with respect to any particular sale or transfer shall not be deemed to constitute a waiver of such option with respect to any other sale or transfer. LOAN PURPOSE: The Note hereby secured is given in order to refinance the Property and to provide financing for the working capital needs of the Grantor.

Sale or Other Disposition. If Optionee at any time contemplates the disposition (whether by sale, gift, exchange, or other form of transfer) of any Shares acquired by exercise of this Option, he or she shall first notify the Company in writing of such proposed disposition and cooperate with the Company in complying with all applicable requirements of law, which, in the judgment of the Company, must be satisfied prior to such disposition. Accentia Biopharmaceuticals, Inc. Nonqualified Stock Option Award Agreement (Employee)

Sale or Other Disposition. Optionee hereby agrees that if Optionee disposes (whether by sale, exchange, gift or otherwise) of any of the shares acquired by exercise of this Option within two years of the grant date or within one year after the transfer of such shares to Optionee upon exercise of this Option, then Optionee shall notify the Company of such disposition in writing within thirty (30) days from the date of such disposition. Said written notice shall state the date of such disposition, and the type and amount of the consideration received for such share or shares by Optionee in connection therewith. In the event of any such disposition, the Company shall have the right to require Optionee to immediately pay the Company the amount of taxes (if any) which the Company is required to withhold under federal and/or state law in order to obtain the benefit of any deduction that would otherwise be available as a result of the granting or exercise of the subject Option or the disposition of the subject shares.

Sale or Other Disposition. A Shareholder who wishes to sell, transfer, or otherwise dispose of all or part of its ownership interest for consideration to a third Person shall first give the other Shareholder at least thirty (30) days advance written notice of its desire to do so. The notice shall identify the amount of the ownership interest to be sold or otherwise transferred, the price, the terms of the proposed disposition and the name, address and phone number of the proposed transferee. The ownership interest specified in the notice may thereafter be sold or transferred only upon strict compliance with this Agreement.