Common use of Disqualifying Dispositions Clause in Contracts

Disqualifying Dispositions. If securities acquired by exercise of an Incentive Stock Option granted under this Plan are disposed of within two years following the date of grant of the Incentive Stock Option or one year following the issuance of the securities to the Grantee (a "Disqualifying Disposition"), the holder of such securities shall, immediately prior to such Disqualifying Disposition, notify the Company in writing of the date and terms of such Disqualifying Disposition and provide such other information regarding the Disqualifying Disposition as the Company may reasonably require.

Disqualifying Dispositions. If securities Common Stock acquired by upon exercise of an Incentive Stock Option granted under this the Plan are is disposed of within two years following the date of grant of the Incentive Stock Option or one year following the issuance of the securities Common Stock to the Grantee Optionee, or is otherwise disposed of in a manner that results in the optionee being required to recognize ordinary income, rather than capital gain, from the disposition (a "Disqualifying Disposition"), the holder of such securities the Common Stock shall, immediately prior to such Disqualifying Disposition, notify the Company in writing of the date and terms of such Disqualifying Disposition and provide such other information regarding the Disqualifying Disposition as the Company may reasonably require.

Disqualifying Dispositions. If securities Common Stock acquired by upon exercise of an Incentive Stock Option granted under this the Plan are is disposed of within two years following the date of grant of the Incentive Stock Option or one year following the issuance of the securities Common Stock to the Grantee Optionee, or is otherwise disposed of in a manner that results in the optionee being required to recognize ordinary income, rather than capital gain, from the disposition (a "“Disqualifying Disposition"”), the holder of such securities the Common Stock shall, immediately prior to such Disqualifying Disposition, notify the Company in writing of the date and terms of such Disqualifying Disposition and provide such other information regarding the Disqualifying Disposition as the Company may reasonably require.