Common use of Disqualifying Disposition Clause in Contracts

Disqualifying Disposition. The Optionee agrees and covenants that if he disposes of any of the Common Stock in a “disqualifying disposition,” as described in Section 422 of the Code, he will immediately contact the Company to inform it of such event.

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (Emisphere Technologies Inc), Incentive and Nonqualified Stock Option Agreement (Intellect Neurosciences, Inc.), Incentive Stock Option Agreement (Emisphere Technologies Inc)

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Disqualifying Disposition. The Optionee agrees and covenants that if he disposes of any of the Common Stock in a "disqualifying disposition," as described in Section 422 of the Code, he will immediately contact the Company to inform it of such event.

Appears in 1 contract

Samples: Agreement (Ply Gem Holdings Inc)

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Disqualifying Disposition. The Optionee agrees and ------------------------- covenants that if he disposes of any of the Common Stock in a "disqualifying disposition," as described in Section 422 of the Code, he will immediately contact the Company to inform it of such event.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Emisphere Technologies Inc)

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