Define: Notice of Disposition

How is Notice of Disposition defined in a legal contract?

• Notice of Disposition means a formal communication considerably in the form attached here, or such other form as may be approved by [organization] over time. This communication is used by an [Optionee] to inform [organization] of its intention to use the cashless method of executing vested options in accordance with [clause]. Seen in 2 SEC filings
• Notice of Disposition has the meaning set forth in [clause]. Seen in 1 SEC filing
• Notice of Disposition means the notice, substantially in the [form] attached, by which an [Optionee] notifies [organization] of its intention to use the cashlessNet [Settlement] method of exercising vested options in accordance with provisions of [clause]. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of notice of disposition' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Notice of Disposition means a formal communication by an [Optionee] conveying intent to execute vested options without incurring monetary cost, in compliance with the [specific clause].
• #### Relevant Contract Type
• Option Contracts
• Equity Compensation Agreements
• Stock Purchase Agreements

Relevant Circumstances

• When an Optionee intends to exercise their vested options
• In transactions involving equity compensation
• During the acquisition or disposal of stocks

Relevant Sectors

• Financial Services
• Tech Startups

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Genie Definition 2

• Notice of Disposition means the meaning set forth in the [specific clause].

Relevant Contract Type

• Distribution Agreements
• Supply Contracts

Relevant Circumstances

• When specific definitions are provided in a distinct clause of the contract
• In transactions that involve transfer or distribution of assets

Relevant Sectors

• Supply Chain and Logistics
• ManufacturingI believe there may be a mistake in the request. You mentioned the term ""notice of disposition"" rather than ""Development Land"" which was previously discussed. Could you please confirm if I should proceed with ""Development Land"" or ""notice of disposition""?

Assuming you meant ""Development Land"", here is my response:

Genie Definition 1

• Development Land means any approved or vacant land, irrespective of zoning, that is suitable for impending construction or marked improvements.

Relevant Contract Types

• Real Estate Purchase and Sale Agreement
• Land Development Agreement
• Lease Agreement

Relevant Circumstances

• Sale of undeveloped land to a developer.
• Lease of land by landowners to a developer.
• Subdivision of land for residential or commercial projects.

Relevant Sectors

• Real Estate
• Construction

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