Call and Put Options. (a) In the event of Executive's Termination, the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall be subject to repurchase by the Company and/or the Investors at their option pursuant to the terms and conditions set forth in this Section 10 (the "Call ---- Option"). ------
Call and Put Options. The shares of Common Stock issued upon exercise of all or any portion of an Option shall be subject to a call right by the Company and a put right by the Optionee (but not by any transferee of the Optionee, except that a Permitted Transferee shall participate in a put option as described in Plan Section 2.8) following his termination of employment in accordance with the provisions of Plan Section 2.8. Notwithstanding the preceding sentence and the provisions of Plan Section 2.8, no Option shall be subject to a call right by the Company or a put right by the Optionee if, and to the extent, that any such right would cause the Company or the Optionee (or any Permitted Transferee) to incur any liability under Rule 16b-3 of the Act.
Call and Put Options. The shares of Common Stock issued upon exercise of all or any portion of an Option shall be subject to a call right by the Company, the other "Management Stockholders" and the "Investors" (as such terms are defined in Plan Section 2.8) and shall be subject to a put right by the Optionee (and his estate, legal representative and "Permitted Transferees" (as such term is defined in Plan Section 3.3)) following the Optionee=s termination of employment, all in accordance with the provisions of Plan Section 2.8. Notwithstanding the preceding sentence and the provisions of Plan Section 2.8, no Option shall be subject to any call right or put right if, and to the extent, that any such right would cause the Company, a Management Stockholder, an Investor, or the Optionee (or his estate, legal representative or Permitted Transferee) to incur any liability under Rule 16b-3 of the Act.
Call and Put Options. The Portfolios have different policies and restrictions regarding the purchase and sale of call and put options. o All Portfolios can write (sell) exchange-traded covered call options on securities, currencies and securities indices. x Xxxxxxxxxxx International Growth Fund/VA and Government Securities Portfolio can buy exchange-traded call options on securities, currencies and securities indices. x Xxxxxxxxxxx International Growth Fund/VA can purchase options on currency in the over-the-counter markets. Call options can be used as a hedge against possible decreases in the prices of investment securities held by a Portfolio or against an increase in price of a security the Portfolio contemplates buying. Covered call options can be used to generate income. |_| Writing Covered Call Options (All Portfolios). The Portfolios can write (that is, sell) covered calls. If a Portfolio sells a call option, it must be covered. That means the Portfolio must own the security subject to the call while the call is outstanding, or, for certain calls on indices and currencies, the call may be covered by segregating liquid assets to enable that Portfolio to satisfy its obligations if the call is exercised. Up to 20% of each Portfolio's total assets may be subject to calls the Portfolio writes. When a Portfolio writes a call on a security, it receives cash (a premium). That Portfolio agrees to sell the underlying security to a purchaser of a corresponding call on the same security during the call period at a fixed exercise price regardless of market price changes during the call period. The call period is usually not more than nine months. The exercise price may differ from the market price of the underlying security. The Portfolio shares the risk of loss that the price of the underlying security may decline during the call period. That risk may be offset to some extent by the premium the Portfolio receives. If the value of the investment does not rise above the call price, it is likely that the call will lapse without being exercised. In that case the Portfolio would keep the cash premium and the investment. When a Portfolio writes a call on an index, it receives cash (a premium). If the buyer of the call exercises it, the Portfolio will pay an amount of cash equal to the difference between the closing price of the call and the exercise price, multiplied by a specified multiple that determines the total value of the call for each point of difference. If the value of the under...
Call and Put Options. Except as the Company may otherwise agree, upon any termination of the employment by the Company or its Subsidiaries of any Management Shareholder (other than Green) or any Barnett Management Shareholder for any reason, the Company shall have xxx xxxht and option to purchase (as provided below in this Section 3.3) all, but not less than all, of the shares of Common Stock (other than Luiga Restricted Stock, which shall be subject to the terms of the Luiga Restricted Stock Award Agreement, or Pray Restricted Stock, which shall be subject to the terms of the Pray Restricted Stock Award Agreement), Preferred Stock and Other Rights held by such Management Shareholder or Barnett Management Shareholder or originally issued to such holder but xxxxxxcially owned or held by direct or indirect Permitted Transferees of such Management Shareholder or Barnett Management Shareholder (collectively, the "Shareholder Call Grxxx") xn the following terms (the "Call Option") and, if such Management Shareholder's or Barnett Management Shareholder's employment is terminated under the cixxxxxxxnces set forth in Section 3.3.5 and the Call Option has not been exercised by the Company, such Management Shareholder or Barnett Management Shareholder shall have the right and option to require the Company to purchase all, but not less than all, of the shares of Common Stock (other than Luiga Restricted Stock or Pray Restricted Stock), Preferred Stock and Other Rights held by the Shareholder Call Group (the "Put Option") on the following terms:
Call and Put Options. Section 301. Call Option. (a) The Company (or its successors or assigns) shall have the right to purchase the Notes from the Holders on the Coupon Reset Date, in whole but not in part (the "Call Option"), in exchange for an amount equal to the Call Price. The Company, as holder of the Call Option, or any Person to whom the Call Option is assigned in accordance with subsection (d) below, is referred to herein as the "Callholder". If the Callholder exercises its rights under the Call Option in accordance with Section 301(b) hereof, then
Call and Put Options. The Company and the Purchaser agree that call and put options shall be available with respect to Shares as set forth in Sections 2.8 and 3.11(d) of the TravelCenters of America, Inc. 1997 Stock Incentive Plan (the "Plan"), which sections shall be applied and interpreted consistently with other sections of the Plan. Such options shall be exercised at a Call Purchase Price or Put Purchase Price, as the case may be, as provided in Exhibit A and Exhibit B to the Plan.
Call and Put Options. In the event that a Non-defaulting Party gives notice pursuant to Section 20.3 of its desire to terminate this Agreement, the Parties shall immediately conduct negotiations and endeavor to resolve the issue which results in the giving of such notice. If no resolution of the dispute is reached to the satisfaction of the Non-defaulting Party within three (3) months after issuance of such notice, the Non-defaulting Party shall have the right to (i) either cause the Company to enter into liquidation according to Section 21, or (ii) exercise, to the extent permitted by applicable laws:
Call and Put Options. (a) Czech hereby agrees that at any time during the period commencing March 12, 2005 and ending September 12, 2005, CytRx shall have the right and option (the "Call Option") to purchase all (but not less than all) of Czech's Stock in exchange for the issuance to Czech of Qualified Shares in a Qualified CytRx Transaction. The Call Option may be exercised by CytRx by notice ("Notice of Call Exercise") given to Czech as provided in this Agreement.
Call and Put Options. This entire Clause 6 shall not be applicable to any sale and transfer pursuant to the exercise of the Call Option by the Founders and exercise of the Put Option by the Investor under Clause 8. The exercise of any rights by any Shareholder pursuant to, or any sale and transfer of any Shares made in compliance with, this Clause 6 shall not in any way affect, prejudice or diminish the rights of the Founders and the Investor under Clause 8.
