At any Closing. (a) Grantor shall deliver to Grantee or its designee a single certificate in definitive form representing the number of shares of Grantor Common Stock designated by Grantee in its Exercise Notice, such certificate to be registered in the name of Grantee and to bear the legend set forth in Section 11; and (b) Grantee shall deliver to Grantor the aggregate Exercise Price for the shares of Grantor Common Stock so designated and being purchased by wire transfer of immediately available funds to the account or accounts specified in writing by Grantor. Effective at or prior to the Closing, Grantor shall cause the shares of Grantor Common Stock being delivered at the Closing to be approved for listing on The New York Stock Exchange.
Appears in 2 contracts
Sources: Stock Option Agreement (Inacom Corp), Stock Option Agreement (Inacom Corp)