Common use of Extension if Optionee Subject to Section Clause in Contracts

Extension if Optionee Subject to Section. 16(b). Notwithstanding the foregoing, if a sale within the applicable time periods set forth in Section 7.1 of shares acquired upon the exercise of the Option would subject the Optionee to suit under Section 16(b) of the Exchange Act, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such shares by the Optionee would no longer be subject to such suit, (ii) the one hundred and ninetieth (190th) day after the Optionee’s termination of Service, or (iii) the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. The Optionee should consult with the Optionee’s own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 5 contracts

Samples: Stock Option Agreement (Diametrics Medical Inc), Stock Option Agreement (Diametrics Medical Inc), Stock Option Agreement (Diametrics Medical Inc)

AutoNDA by SimpleDocs

Extension if Optionee Subject to Section. 16(b16(B). Notwithstanding the foregoing, if a sale within the applicable time periods set forth in Section 7.1 6.1 herein of shares acquired upon the exercise of the Option would subject the Optionee to suit under Section 16(b) of the Securities Exchange ActAct of 1934, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) 10th day following the date on which a sale of such shares by the Optionee would no longer be subject to such suit, (ii) the one hundred and ninetieth (190th) 190th day after the Optionee’s 's termination of Service, or (iii) the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. The Optionee should consult with the Optionee’s 's own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Option Grant Agreement (Migratec Inc)

Extension if Optionee Subject to Section. 16(b). Notwithstanding the foregoing, if a sale within the applicable time periods set forth in Section 7.1 6.1 of shares acquired upon the exercise of the Option would subject the Optionee to suit under Section 16(b) of the Exchange Act, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such shares by the Optionee would no longer be subject to such suit, (ii) the one hundred and ninetieth (190th) day after the Optionee’s 's termination of Service, or (iii) the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. The Optionee should consult with the Optionee’s 's own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Stock Purchase Agreement (General Magic Inc)

Extension if Optionee Subject to Section. 16(b). Notwithstanding ---------------------------------------------- the foregoing, if a sale within the applicable time periods set forth in Section 7.1 of shares acquired upon the exercise of the Option would subject the Optionee to suit under Section 16(b) of the Exchange Act, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such shares by the Optionee would no longer be subject to such suit, (ii) the one hundred and ninetieth (190th) day after the Optionee’s 's termination of Service, or (iii) the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. The Optionee should consult with the Optionee’s 's own tax advisor advisors as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Krause L William)

AutoNDA by SimpleDocs

Extension if Optionee Subject to Section. 16(b). Notwithstanding the foregoing, if a sale within the applicable time periods set forth in Section 7.1 6.1 of shares acquired upon the exercise of the Option would subject the Optionee to suit under Section 16(b) of the Exchange Act, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such shares by the Optionee would no longer be subject to such suit, (ii) the one hundred and ninetieth (190th) day after the Optionee’s termination of Service, or (iii) the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. The Optionee should consult with the Optionee’s own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Stock Option Agreement (Tilly's, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.