Disposition of Option Shares. Subject to the terms of this Agreement and the Plan, the Option and the Common Stock acquired in connection with the exercise of the Option shall be freely transferable by the Optionee, to the extent not prohibited by applicable laws.
Disposition of Option Shares. Each Purchaser covenants and agrees to sell, transfer or dispose of any Option Shares acquired by it in accordance with applicable federal and state securities laws.
Disposition of Option Shares. The Optionee or any other person who may exercise this Option will notify the Company within 10 days of any sale or other transfer of any Option Shares. If any class of equity securities of the Company is registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, and the Optionee or any other person who may exercise this Option is subject to Section 16 of that Act by virtue of such Optionee’s or person’s relationship to the Company, the Optionee or other person exercising this Option agrees not to sell or otherwise dispose of any Option Shares unless at least six (6) months have elapsed from the Effective Date.
Disposition of Option Shares. Option Shares may be sold by Participant only on a date or dates, and in such amounts and manner, specified by the Administrator. Participant shall have the ability, subject to Section 14 and the Plan, in a manner permitted by the Administrator, to cover taxes due upon the exercise of Options, at the applicable tax rate (or a rate provided by the Administrator). The Administrator will monitor demand, market conditions and other factors in determining whether Participant may dispose of an additional number of Shares in a given quarter, and will endeavor in good faith to treat Participant fairly in determining any such allocations relative to other holders of similar awards and/or other equityholders.
Disposition of Option Shares the Company is under no obligation to comply, or to assist the Consultant in complying with, any exemption from such registration requirement, including supplying the Consultant with any information necessary to permit routine sales of the Option Shares under Rule 144 of the United States Securities and Exchange Commission (the "RULE"). The Consultant also understands that, with respect to the Rule, routine sales of securities made in reliance upon such Rule only can be made in limited amounts in accordance with the terms and condition of the Rule, and that in cases in which the Rule is inapplicable, compliance with either Regulation A or another disclosure exemption under the Securities Act will be required. Thus, the Option Shares will have to be held indefinitely in the absence of registration under the Securities Act or an exemption from registration. The Consultant also acknowledges and understands that:
Disposition of Option Shares. Each Optionee, as a condition of exercise, shall represent, warrant and agree, in a form of written certificate approved by the Company, as follows: (i) that no Option Shares will be sold or otherwise distributed in violation of the U.S. Act or any other applicable federal or state securities laws; (ii) that if he is subject to reporting requirements under Section 16(a) of the United States Securities Exchange Act of 1934, as amended, he will (a) furnish the Company with a copy of each Form 4 filed by him and (b) timely file all reports required under the federal securities laws.
Disposition of Option Shares. It is understood that this Option is intended to qualify as an “Incentive Stock Option” as defined in Section 422 of the Code. Accordingly, the Optionee understands that in order to obtain the benefits of an incentive stock option under Section 421 of the Code, no sale or other disposition may be made of any Shares acquired upon exercise of the Option within one (1) year after the day of the transfer of such Shares to the Optionee, nor within two (2) years after the Grant Date of the Option. If the Optionee disposes (whether by sale, exchange, gift, transfer or otherwise), of any such Shares within said periods, the Optionee will notify the Company in writing within ten (10) days after such disposition.
Disposition of Option Shares. Without limiting the generality of Section 7, the Optionee shall notify the Corporation in writing of any sale or other disposition of any Option Shares purchased upon the exercise of the Option if such sale or disposition occurs (a) within two (2) years of the Grant Date or (b) within one (1) year after the exercise of the Option with respect to such Option Shares, whichever occurs later.
Disposition of Option Shares. If the Grantee disposes of any Option Shares within two years of the Date of Grant or within one year after the date of issuance of an Option Share, Grantee shall, within ten (10) days of such disposition date, notify the Company of the sales price or other value ascribed to or used to measure the disposition of such Option Shares and immediately deliver to the Company any amount of federal or state income or employment taxes required by law, as determined by the Committee.
Disposition of Option Shares. Each Optionee, as a condition of exercise, shall represent, warrant and agree, in a form of written certificate approved by the Corporation, as follows: (i) that all Option hares are being acquired solely for his own account and not on behalf of any other person or entity; (ii) that no Option Shares will be sold or otherwise distributed in violation of the United States Securities Act of 1933, as amended, or any other applicable federal or state securities laws; and (iii) that if the Key Person is subject to reporting requirements under Section 16(a) of the United States Securities Act of 1934, as amended, e will (a) furnish the Corporation with a copy of each Form 4 filed by him and (b) timely file all reports required under the federal securities laws;
