Common use of Notification of Disposition Clause in Contracts

Notification of Disposition. If this Option is designated as an Incentive Stock Option, Participant shall give prompt written notice to the Company of any disposition or other transfer of any shares of Common Stock acquired under this Agreement if such disposition or transfer is made (a) within two (2) years from the Grant Date or (b) within one (1) year after the transfer of such shares of Common Stock to Participant. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by Participant in such disposition or other transfer. * * * * EXHIBIT B TO OPTION AWARD GRANT NOTICE CONSENT OF SPOUSE I, , spouse of , have read and approve the Stock Option Grant Notice and the Stock Option Agreement (collectively, the “Stock Option Documentation”). In consideration of issuing to my spouse the option to purchase shares of common stock of Shake Shack Inc. set forth in the Stock Option Documentation, I hereby appoint my spouse as my attorney-in-fact in respect of the exercise of any rights under the Stock Option Documentation and agree to be bound by the provisions of the Stock Option Documentation insofar as I may have any rights in the Stock Option Documentation or any common stock of Shake Shack Inc. issued pursuant thereto under the community property laws or similar laws relating to marital property in effect in the state of our residence as of the date of the signing of the Stock Option Documentation. Dated: Signature of Spouse

Appears in 4 contracts

Samples: Stock Option Agreement (Shake Shack Inc.), Stock Option Agreement (Shake Shack Inc.), Stock Option Agreement (Shake Shack Inc.)

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Notification of Disposition. If this Option is designated as an Incentive Stock Option, Participant shall give prompt written notice to the Company of any disposition or other transfer of any shares of Common Stock acquired under this Agreement if such disposition or transfer is made (a) within two (2) years from the Grant Date or (b) within one (1) year after the transfer of such shares of Common Stock to Participant. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by Participant in such disposition or other transfer. * * * * EXHIBIT B TO OPTION AWARD GRANT NOTICE CONSENT OF SPOUSE I, , spouse of , have read and approve the Stock Option Grant Notice and the Stock Option Agreement (collectively, the “Stock Option Documentation”). In consideration of issuing to my spouse the option to purchase shares of common stock of Shake Shack MCBC Holdings, Inc. set forth in the Stock Option Documentation, I hereby appoint my spouse as my attorney-in-fact in respect of the exercise of any rights under the Stock Option Documentation and agree to be bound by the provisions of the Stock Option Documentation insofar as I may have any rights in the Stock Option Documentation or any common stock of Shake Shack MCBC Holdings, Inc. issued pursuant thereto under the community property laws or similar laws relating to marital property in effect in the state of our residence as of the date of the signing of the Stock Option Documentation. Dated: Signature of Spouse

Appears in 1 contract

Samples: Stock Option Agreement (McBc Holdings, Inc.)

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