Common use of Notice of Such Occurrence Clause in Contracts

Notice of Such Occurrence. At least 15 days' prior written notice of any event described in Paragraph 8 (a), except the transactions described in Subparagraphs 8 (a) (iii) and (iv) as to which no notice shall be required, shall, at the Company's option, be given by the Company to the Optionee. After receipt of such notice, the Optionee may at any time before the occurrence of the event requiring the giving of notice exercise the unexercised portion of the Option as to all the shares covered thereby. Such notice shall be deemed to have been given when delivered personally to the Optionee or pursuant to the provisions of Paragraph 11 of this Agreement. If no such notice shall be given with respect to a transaction described in Subparagraphs 8(a) (i), (ii) or (v), the provisions of Paragraph 8(a) shall not apply and the Option shall not terminate upon the occurrence of such transaction.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (U S Gold Corp), Incentive Stock Option Agreement (U S Gold Corp), Incentive Stock Option Agreement (U S Gold Corp)

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Notice of Such Occurrence. At least 15 30 days' prior written notice of any event described in Paragraph 8 (a)paragraph 8(a) hereinabove, except the transactions described in Subparagraphs 8 (a) (iiisubparagraphs 8(a)(ii) and (iviii) as to which no notice shall be required, shall, at the Company's ’s option, be given by the Company to the Optionee. After receipt of such notice, notice the Optionee may may, at any time before the occurrence of the event requiring the giving of notice notice, exercise the unexercised portion of the Option as to all the shares covered thereby. Such notice shall be deemed to have been given when delivered personally to the Optionee or pursuant to the provisions of Paragraph paragraph 11 of this Agreement. If no such notice shall be given with respect to a transaction described in Subparagraphs 8(a) (isubparagraphs 8(a)(i), (ii) or (viv), the provisions of Paragraph paragraph 8(a) shall not apply and the Option shall not terminate upon the occurrence of such transaction.

Appears in 4 contracts

Samples: Consulting Services Agreement (Medical International Technology Inc), Business Consulting Agreement (Medical International Technology Inc), Stock Option Agreement (Alaska Pacific Energy Corp)

Notice of Such Occurrence. At least 15 days' days prior written notice of any event described in Paragraph 8 (a8(a), except the transactions described in Subparagraphs 8 (a8(a) (iii) and (iv) as to which no notice shall be required, shall, at the Company's Corporation’s option, be given by the Company Corporation to the Optionee. , After receipt of such notice, the Optionee may at any time before the occurrence of the event requiring the giving of notice exercise the unexercised portion of the Option as to all the shares covered thereby. Such notice shall be deemed to have been given when delivered personally to the Optionee or pursuant to the provisions of Paragraph 11 of this Agreement. If no such notice shall be given with respect to a transaction described in Subparagraphs 8(a) (i), (ii) or (v), the provisions of Paragraph 8(a) shall not apply and the Option shall not terminate upon the occurrence of such transaction.

Appears in 2 contracts

Samples: Stock Option Agreement (Gold Resource Corp), Stock Option Agreement (Gold Resource Corp)

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Notice of Such Occurrence. At least 15 days' prior written notice of any event described in Paragraph 8 (a), except the transactions described in Subparagraphs 8 (a) (iii) and (iv) as to which no notice shall be required, shall, at the CompanyCorporation's option, be given by the Company Corporation to the Optionee. After receipt of such notice, the Optionee may at any time before the occurrence of the event requiring the giving of notice exercise the unexercised portion of the Option as to all the shares covered thereby. Such notice shall be deemed to have been given when delivered personally to the Optionee or pursuant to the provisions of Paragraph 11 of this Agreement. If no such notice shall be given with respect to a transaction described in Subparagraphs 8(a) (i), (ii) or (v), the provisions of Paragraph 8(a) shall not apply and the Option shall not terminate upon the occurrence of such transaction.

Appears in 1 contract

Samples: Resource Corporation Stock Option Agreement (Gold Resource Corp)

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