{"component": "clause", "props": {"groups": [{"snippet": "(a) If the Executive's employment with the Company or any of its subsidiaries terminates for any of the reasons set forth in clauses (i), (ii) or (iii) below prior to a Sale of the Company, or if the Executive engages in Competitive Activity (as defined in Section 9.1 of this Agreement), for any Units issued 181 days or more prior to the date of Executive's termination of employment or engagement in Competitive Activity, within 120 days after such date (or in the case of Units issued 180 days or less prior to such date or at any time after such date, no earlier than 181 days and no later than 271 days after the date of issuance of such Units), Dairy Holdings shall have the right and option to purchase, and the Executive and the Executive's Permitted Transferees (hereinafter referred to as the \"Executive Group\") shall be required to sell to Dairy Holdings, any or all of such Units then held by such member of the Executive Group (it being understood that if Units of any class subject to repurchase hereunder may be repurchased at different prices, Dairy Holdings may elect to repurchase only the portion of the Units of such class subject to repurchase hereunder at the lower price), at a price per unit equal to the applicable purchase price determined pursuant to Section 7.2(c):\n(i) if the Executive's active employment with the Company and its subsidiaries is terminated due to the Disability, death or Retirement of the Executive;\n(ii) if the Executive's active employment with the Company and its subsidiaries is terminated by the Company and its subsidiaries without Cause or by the Executive for Good Reason;\n(iii) if the Executive's active employment with the Company and its subsidiaries is terminated (A) by the Company or any of its subsidiaries for Cause or (B) by the Executive for any other reason not set forth in Section 7.2(a)(i) or Section 7.2(a)(ii); provided that Dairy Holdings' rights under this Section 7.2(a) shall not be available in the event of the termination of Executive's employment by the Company or its subsidiaries without Cause or by Executive for Good Reason, in either case following a sale by the Company or its subsidiaries of substantially all of the line of business in which Executive primarily performs his services.\n(b) If Dairy Holdings desires to exercise one of its options to purchase Units pursuant to this Section 7.2, Dairy Holdings shall, not later than the expiration of the applicable period described for such purchase in Section 7.2(a), send written notice to each member of the Executive Group of its intention to purchase Units, specifying the number of Units to be purchased (the \"Call Notice\"). Subject to the provisions of Section 8, the closing of the purchase shall take place at the principal office of Dairy Holdings on the later of the 30th day after the giving of the Call Notice and the date that is 10 business days after the final determination of Fair Market Value. Subject to the provisions of Section 8.1, the Executive shall deliver to Dairy Holdings duly executed instruments transferring title to Units to Dairy Holdings, against payment of the appropriate purchase price by cashier's or certified check payable to the Executive or by wire transfer of immediately available funds to an account designated by the Executive.\n(c) In the event of a purchase by Dairy Holdings pursuant to Section 7.2(a), the purchase price shall be (in each case after taking account of any prior purchases pursuant to Section 7.2(a)):\n(i) if the Executive engages in any Competitive Activity (as defined in Section 9.1 of this Agreement), a price per unit equal to the lesser of (A) Fair Market Value (measured as of the Activity Date (as defined in Section 9.2 of this Agreement)) and (B) Cost;\n(ii) in the case of a termination of employment described in Section 7.2(a)(i), Section 7.2(a)(ii), or Section 7.2(a)(iii)(B), (i) if the number of Units of any class to be purchased from the Executive Group by Dairy Holdings is less than or equal to the Unvested Percentage of such class, the purchase price for each Unit shall be the lesser of (x) the Fair Market Value (measured as of the date of the Call Notice) and (y) the Cost of such Unit (the \"Unvested Unit Purchase Price\"), and (ii) if the number of such Units exceeds the Unvested Percentage of such class, the purchase price for each Unit shall be (A) for a number of Units of such class equal to the result of (x) the Unvested Percentage and (y) the total number of Units of such class held by the Executive Group, the Unvested Unit Purchase Price, and (B) for the remainder of the Units of such class being repurchased, the Fair Market Value of such Unit (measured as of the date of the Call Notice); and\n(iii) in the case of a termination of employment described in Section 7.2(a)(iii)(A), a price per unit equal to the lesser of (A) Fair Market Value (measured as of the date of the Call Notice) and (B) Cost. Notwithstanding anything to the contrary contained in this Agreement, if the Fair Market Value of Units subject to a Call Notice is finally determined to be an amount at least 10% greater than the per Unit repurchase price for such Unit in the Call Notice, Dairy Holdings shall have the right to revoke the exercise of its option pursuant to this Section 7.2 for all or any portion of the Units elected to be repurchased by it by delivering notice of such revocation in writing to the Executive Group during the ten-day period beginning on the date that Dairy Holdings is given written notice that the Fair Market Value of a Unit was finally determined to be an amount at least 10% greater than the per Unit repurchase price set forth in the Call Notice. Notwithstanding anything in this Section 7.2 to the contrary, in the event that Dairy Holdings purchases Units at Fair Market Value pursuant to the terms of this Section 7.2 and within six months of the date of the determination of such Fair Market Value both (A) a Sale of the Company or a Public Offering occurs and (B) in connection with such transaction, the per share value of the Units exceeds the per share purchase price paid by Dairy Holdings to Executive under this Section 7.2, the Executive shall be entitled to receive from Dairy Holdings the benefit of such higher valuation for the Units purchased. The excess of (x) the net proceeds which the Executive would have received in such Sale of the Company or Public Offering from the sale in such transaction of all Units repurchased by Dairy Holdings under this Section 7.2, less (y) the amount which the Executive received from the purchase of such Units by Dairy Holdings, shall be paid by certified or cashier's check or wire transfer of funds to Executive upon consummation of such transaction; provided that, Executive shall have no rights under this paragraph if, in connection with the determination of Fair Market Value of the repurchased Units, the Arbiter was used.", "samples": [{"hash": "hkaVenPDOfR", "uri": "/contracts/hkaVenPDOfR#call-options", "label": "Management Unit Subscription Agreement (Mg Waldbaum Co)", "score": 18.0, "published": true}, {"hash": "gyDHEhcYmFZ", "uri": "/contracts/gyDHEhcYmFZ#call-options", "label": "Management Unit Subscription Agreement (Mg Waldbaum Co)", "score": 18.0, "published": true}, {"hash": 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"clause", "offset": [2137, 2156]}, {"key": "substantially-all", "type": "definition", "offset": [2180, 2197]}, {"key": "line-of-business", "type": "clause", "offset": [2205, 2221]}, {"key": "to-exercise", "type": "clause", "offset": [2304, 2315]}, {"key": "options-to-purchase-units", "type": "clause", "offset": [2327, 2352]}, {"key": "expiration-of-the", "type": "clause", "offset": [2424, 2441]}, {"key": "applicable-period", "type": "definition", "offset": [2442, 2459]}, {"key": "notice-to", "type": "clause", "offset": [2520, 2529]}, {"key": "each-member", "type": "definition", "offset": [2530, 2541]}, {"key": "call-notice", "type": "definition", "offset": [2654, 2665]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [2680, 2705]}, {"key": "closing-of-the-purchase", "type": "clause", "offset": [2713, 2736]}, {"key": "principal-office", "type": "definition", "offset": [2761, 2777]}, {"key": "business-days", "type": "clause", "offset": [2885, 2898]}, {"key": "determination-of-fair-market-value", "type": "clause", "offset": [2915, 2949]}, {"key": "section-81", "type": "clause", "offset": [2980, 2991]}, {"key": "deliver-to", "type": "definition", "offset": [3013, 3023]}, {"key": "duly-executed", "type": "clause", "offset": [3039, 3052]}, {"key": "title-to-units", "type": "clause", "offset": [3078, 3092]}, {"key": "payment-of-the", "type": "clause", "offset": [3120, 3134]}, {"key": "certified-check", "type": "definition", "offset": [3178, 3193]}, {"key": "to-the-executive", "type": "clause", "offset": [3202, 3218]}, {"key": "by-wire-transfer", "type": "clause", "offset": [3222, 3238]}, {"key": "immediately-available-funds", "type": "definition", "offset": [3242, 3269]}, {"key": "a-purchase", "type": "definition", "offset": [3333, 3343]}, {"key": "each-case", "type": "definition", "offset": [3422, 3431]}, {"key": "lesser-of", "type": "definition", "offset": [3639, 3648]}, {"key": "activity-date", "type": "clause", "offset": [3691, 3704]}, 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[5020, 5046]}, {"key": "finally-determined", "type": "definition", "offset": [5075, 5093]}, {"key": "repurchase-price", "type": "clause", "offset": [5149, 5165]}, {"key": "right-to-revoke", "type": "clause", "offset": [5230, 5245]}, {"key": "exercise-of", "type": "clause", "offset": [5250, 5261]}, {"key": "notice-of", "type": "definition", "offset": [5384, 5393]}, {"key": "in-writing", "type": "definition", "offset": [5410, 5420]}, {"key": "beginning-on-the", "type": "clause", "offset": [5470, 5486]}, {"key": "fair-market-value-of-a-unit", "type": "definition", "offset": [5545, 5572]}, {"key": "terms-of", "type": "clause", "offset": [5846, 5854]}, {"key": "six-months", "type": "definition", "offset": [5883, 5893]}, {"key": "the-determination-of", "type": "definition", "offset": [5909, 5929]}, {"key": "public-offering", "type": "definition", "offset": [5989, 6004]}, {"key": "in-connection-with", "type": "clause", "offset": [6020, 6038]}, {"key": "value-of-the-units", "type": "definition", "offset": [6071, 6089]}, {"key": "purchase-price-paid", "type": "clause", "offset": [6112, 6131]}, {"key": "to-executive", "type": "definition", "offset": [6150, 6162]}, {"key": "to-receive", "type": "definition", "offset": [6219, 6229]}, {"key": "the-benefit", "type": "definition", "offset": [6250, 6261]}, {"key": "higher-valuation", "type": "clause", "offset": [6270, 6286]}, {"key": "the-excess", "type": "clause", "offset": [6312, 6322]}, {"key": "net-proceeds", "type": "definition", "offset": [6334, 6346]}, {"key": "the-sale", "type": "clause", "offset": [6439, 6447]}, {"key": "all-units", "type": "definition", "offset": [6471, 6480]}, {"key": "purchase-of", "type": "clause", "offset": [6593, 6604]}, {"key": "wire-transfer-of-funds", "type": "clause", "offset": [6684, 6706]}, {"key": "consummation-of", "type": "clause", "offset": [6725, 6740]}, {"key": "no-rights", "type": "clause", "offset": [6795, 6804]}, {"key": "fair-market-value-of-the", "type": "clause", "offset": [6870, 6894]}, {"key": "repurchased-units", "type": "definition", "offset": [6895, 6912]}], "hash": "c45387a66254f06e655027f8e0a4b6ab", "id": 1}, {"snippet": "(a) If (i) Participant\u2019s employment with or service to the Employer, Parent and their Subsidiaries is terminated by Employer, Parent or its Subsidiaries for Cause, (ii) Participant voluntarily resigns Participant\u2019s employment with or services to the Employer, Parent and its Subsidiaries when grounds for Cause exist, or (iii) a Restrictive Covenant Violation occurs, Partnership shall have the right, for 12 months following, as applicable, each of (x) the Termination Date or (y) the date of such Restrictive Covenant Violation (or, if later, the date on which a member of the Board (other than Participant and Participant\u2019s designee(s), if applicable) has actual knowledge thereof), to purchase (together with the rights in Section 4.1(b) and Section 4.1(c), the \u201cCall Option\u201d), and each member of Participant\u2019s Group shall be required to sell to Partnership, all or any portion of the Vested Incentive Units then held by such member of Participant\u2019s Group at a purchase price per Vested Incentive Unit equal to the lesser of (1) Fair Market Value (measured as of the date of the Call Notice (as defined below) is delivered, the \u201cRepurchase Notice Date\u201d) and (2) Cost; provided, that such purchase price shall not be less than zero.\n(b) If Participant\u2019s employment with or service to, as applicable, Parent and its Subsidiaries terminates for any reason other than as provided for in Section 4.1(a), Partnership shall have the right, for 12 months following the Termination Date, to purchase, and each member of Participant\u2019s Group shall be required to sell to Partnership, all or any portion of the Vested Incentive Units then held by such member of Participant\u2019s Group at a purchase price per Vested Incentive Unit equal to Fair Market Value (measured as of the Repurchase Notice Date); provided, that such purchase price shall not be less than zero.\n(c) In the event that Participant engages in a Competing Business (as defined in Appendix A) at any time after Participant\u2019s Termination Date (regardless of whether such conduct constitutes a Restrictive Covenant Violation), then Partnership shall have the right, for 12 months following the date of such engagement in a Competing Business (or, if later, the date on which the Board (other than Participant and Participant\u2019s designee(s), if applicable) has knowledge thereof), and each member of Participant\u2019s Group shall be required to sell to Partnership, all or any portion of the Vested Incentive Units then held by such member of Participant\u2019s Group at a purchase price per Vested Incentive Unit equal to Fair Market Value (measured as of the Repurchase Notice Date). Partnership may elect to exercise its Call Option in Section 4.1(a) in lieu of this Section 4.1(c), to the extent applicable.\n(d) If Participant\u2019s employment with Parent and its Subsidiaries terminates for any reason, all Unvested Incentive Units will be forfeited immediately without further action by Parent (or to the extent a forfeiture is not permissible under applicable law for any reason, such Unvested Incentive Units shall be subject to the Call Option in Section 4.1(a), with the purchase price per Unvested Incentive Unit equal to the lesser of (1) Fair Market Value (measured as of the Repurchase Notice Date) and (2) Cost); provided, that such purchase price shall not be less than zero.\n(e) If Partnership desires to exercise the Call Option pursuant to this Section 4.1, Partnership shall send written notice to each member of Participant\u2019s Group of its intention to purchase Incentive Units, specifying the number of Incentive Units to be purchased and the purchase price thereof (the \u201cCall Notice\u201d). Subject to the provisions of Section 5, the closing of the purchase shall take place at the principal office of Partnership on a date specified by Partnership not later than the 10th day after the giving of the Call Notice. Notwithstanding the foregoing, if Partnership elects not to exercise the Call Option pursuant to this Section 4.1 (or elects to exercise the Call Option with respect to less than all Incentive Units), Sponsor may elect to cause one of its Affiliates or another designee to purchase such Incentive Units on the same terms and conditions set forth in this Section 4.1 by providing written notice to each member of Participant\u2019s Group of its intention to purchase Incentive Units. For avoidance of doubt, Participant shall retain Vested Incentive Units (as determined in accordance with Schedule A) following a Termination to the extent that the Partnership (or, as applicable, one of Sponsor\u2019s Affiliates or designees) does not elect to exercise the Call Option pursuant to this Section 4.1.", "samples": [{"hash": "9HdzC5m6WYr", "uri": "/contracts/9HdzC5m6WYr#call-options", "label": "Incentive Unit Award Agreement (Bumble Inc.)", "score": 34.1581115723, "published": true}, {"hash": "60nF7fUcYo8", "uri": "/contracts/60nF7fUcYo8#call-options", "label": "Incentive Unit Award Agreement (Bumble Inc.)", "score": 32.0746078491, "published": true}, {"hash": "ieAajxGWUt1", "uri": "/contracts/ieAajxGWUt1#call-options", "label": "Incentive Unit Award Agreement (Bumble Inc.)", "score": 32.0390129089, "published": true}], "size": 8, "snippet_links": [{"key": "to-the-employer", "type": "clause", "offset": [52, 67]}, {"key": "by-employer", "type": "clause", "offset": [113, 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"type": "clause", "offset": [2651, 2662]}, {"key": "in-lieu-of", "type": "clause", "offset": [2697, 2707]}, {"key": "to-the-extent", "type": "clause", "offset": [2729, 2742]}, {"key": "unvested-incentive-units", "type": "definition", "offset": [2851, 2875]}, {"key": "action-by-parent", "type": "clause", "offset": [2922, 2938]}, {"key": "applicable-law", "type": "clause", "offset": [2995, 3009]}, {"key": "the-call-option", "type": "clause", "offset": [3076, 3091]}, {"key": "the-purchase-price", "type": "clause", "offset": [3116, 3134]}, {"key": "pursuant-to", "type": "definition", "offset": [3386, 3397]}, {"key": "notice-to", "type": "clause", "offset": [3447, 3456]}, {"key": "number-of", "type": "definition", "offset": [3553, 3562]}, {"key": "section-5", "type": "definition", "offset": [3676, 3685]}, {"key": "closing-of-the-purchase", "type": "clause", "offset": [3691, 3714]}, {"key": "principal-office", "type": "definition", "offset": [3739, 3755]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [3871, 3900]}, {"key": "with-respect-to", "type": "clause", "offset": [4024, 4039]}, {"key": "all-incentive", "type": "clause", "offset": [4050, 4063]}, {"key": "same-terms-and-conditions", "type": "clause", "offset": [4181, 4206]}, {"key": "for-avoidance-of-doubt", "type": "clause", "offset": [4349, 4371]}, {"key": "participant-shall", "type": "definition", "offset": [4373, 4390]}, {"key": "in-accordance-with", "type": "clause", "offset": [4436, 4454]}, {"key": "schedule-a", "type": "definition", "offset": [4455, 4465]}, {"key": "a-termination", "type": "definition", "offset": [4477, 4490]}, {"key": "the-partnership", "type": "definition", "offset": [4510, 4525]}], "hash": "df3b3a7bd04d5bdf617890030c646a59", "id": 2}, {"snippet": "In the event of an exercise of a Call Option:\n(a) the Company shall promptly hold, and Party B and Party C shall cause the Company promptly to hold, a shareholders\u2019 meeting at which a resolution shall be passed to the effect that transfer of Party B\u2019s Interest and/or Party C\u2019s Interest (as the case may be) to the Interest Purchaser by Party B and/or Party C (as the case may be) is approved;\n(b) within 10 Business Days after the Notice Date, Party B, Party C and the Interest Purchaser(s) shall execute an equity interest transfer contract, based on the terms and conditions of this Deed and the information stipulated in the relevant Call Option Exercise Notice, with respect to the transfer by Party B and/or Party C of such Party B\u2019s Interest and/or Party C\u2019s Interest set forth in the Call Option Exercise Notice to the Interest Purchaser(s);\n(c) if the Interest Purchaser is neither a PRC citizen nor a company incorporated in the PRC and the Company is not already converted into a Chinese-foreign joint venture, the Parties shall cause (1) the Company to be converted into a Chinese-foreign joint venture or a wholly foreign-owned enterprise (as the case may be), (2) the Interest Purchaser(s) and Party B and/or Party C (as the case may be) to execute a joint venture contract if the Company is converted into a Chinese-foreign joint venture, and (3) the Company Articles to be amended, to reflect the exercise of the Call Option;\n(d) if the Interest Purchaser is a PRC citizen or a company incorporated in the PRC, the Company shall, and Party B and Party C shall procure that the Company shall, amend the Company Articles and, if any, the joint venture contract of the Company and update the register of shareholders of the Company, to reflect the transfer of Party B\u2019s Interest and/or Party C\u2019s Interest (as the case may be); and\n(e) the Parties shall execute all other necessary contracts, agreements or documents, obtain all necessary governmental approvals and consents and perform all other necessary acts to effect the transfer of the legal and beneficial interests in Party B\u2019s Interest and/or Party C\u2019s Interest (as the case may be) to the Interest Purchaser and to enable the Interest Purchaser to become the registered holder thereof free from all Encumbrances.", "samples": [{"hash": "kXeFfPRiJOh", "uri": "/contracts/kXeFfPRiJOh#call-options", "label": "Option Deed (Redgate Media Group)", "score": 21.1341552734, "published": true}, {"hash": "aLI94jzg20b", "uri": "/contracts/aLI94jzg20b#call-options", "label": "Option Deed (Redgate Media Group)", "score": 21.1341552734, "published": true}, {"hash": "478JY7zO0zz", "uri": "/contracts/478JY7zO0zz#call-options", "label": "Option Deed (Redgate Media Group)", "score": 21.1341552734, "published": true}], "size": 4, "snippet_links": [{"key": "in-the-event-of", "type": "definition", "offset": [0, 15]}, {"key": "the-company-shall", "type": "clause", "offset": [50, 67]}, {"key": "party-c", "type": "clause", "offset": [99, 106]}, {"key": "a-shareholders", "type": "definition", "offset": [149, 163]}, {"key": "the-case", "type": "definition", "offset": [291, 299]}, {"key": "interest-purchaser", "type": "definition", "offset": [315, 333]}, {"key": "after-the-notice-date", "type": "clause", "offset": [422, 443]}, {"key": "equity-interest-transfer-contract", "type": "clause", "offset": [509, 542]}, {"key": "based-on", "type": "clause", "offset": [544, 552]}, {"key": "this-deed", "type": "clause", "offset": [581, 590]}, {"key": "the-information", "type": "clause", "offset": [595, 610]}, {"key": "the-relevant", "type": "clause", "offset": [625, 637]}, {"key": "call-option-exercise-notice", "type": "clause", "offset": [638, 665]}, {"key": "with-respect-to", "type": "clause", "offset": [667, 682]}, {"key": "the-transfer", "type": "clause", "offset": [683, 695]}, {"key": "such-party", "type": "clause", "offset": [725, 735]}, {"key": "notice-to-the", "type": "clause", "offset": [813, 826]}, {"key": "prc-citizen", "type": "definition", "offset": [893, 904]}, {"key": "the-prc", "type": "definition", "offset": [935, 942]}, {"key": "and-the-company", "type": "clause", "offset": [943, 958]}, {"key": "foreign-joint-venture", "type": "definition", "offset": [999, 1020]}, {"key": "the-parties-shall", "type": "clause", "offset": [1022, 1039]}, {"key": "joint-venture-contract", "type": "definition", "offset": [1265, 1287]}, {"key": "company-articles", "type": "clause", "offset": [1366, 1382]}, {"key": "exercise-of-the-call-option", "type": "clause", "offset": [1413, 1440]}, {"key": "the-joint-venture", "type": "clause", "offset": [1648, 1665]}, {"key": "shareholders-of-the-company", "type": "clause", "offset": [1717, 1744]}, {"key": "necessary-contracts", "type": "clause", "offset": [1884, 1903]}, {"key": "governmental-approvals-and-consents", "type": "definition", "offset": [1951, 1986]}, {"key": "other-necessary-acts", "type": "clause", "offset": [2003, 2023]}, {"key": "transfer-of-the", "type": "clause", "offset": [2038, 2053]}, {"key": "beneficial-interests", "type": "definition", "offset": [2064, 2084]}, {"key": "registered-holder", "type": "definition", "offset": [2231, 2248]}], "hash": "07976aca209badc68f53e04b599bd3d0", "id": 8}, {"snippet": "Except as the Company may otherwise agree in writing with any Manager with respect to Company Shares held by such Manager (or any Person to whom any shares of Common Stock were originally issued at the request of such Manager) or originally issued to such Manager (or other Person at the request of such Manager) but held by one or more direct or indirect Permitted Transferees (collectively, the \u201cManagement Call Group\u201d), upon any termination of the employment by the Company and its subsidiaries of any Manager (whether such termination is by the Company, by such Manager or otherwise), the Company will have the right to purchase for cash all or any portion of Purchased Management Shares held by the Management Call Group on the following terms (the \u201cManagement Call Option\u201d):", "samples": [{"hash": "gkvvngjDz4M", "uri": "/contracts/gkvvngjDz4M#call-options", "label": "Management Stockholders\u2019 Agreement (J Crew Group Inc)", "score": 26.5427780151, "published": true}, {"hash": "a7JsTsTvHw3", "uri": "/contracts/a7JsTsTvHw3#call-options", "label": "Management Stockholders\u2019 Agreement (J Crew Group Inc)", "score": 22.6646137238, "published": true}, {"hash": "fYaq9Bij6uP", "uri": "/contracts/fYaq9Bij6uP#call-options", "label": "Management Stockholders\u2019 Agreement (J. Crew Inc.)", "score": 22.4702262878, "published": true}], "size": 8, "snippet_links": [{"key": "in-writing", "type": "definition", "offset": [42, 52]}, {"key": "company-shares", "type": "definition", "offset": [86, 100]}, {"key": "any-person", "type": "clause", "offset": [126, 136]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [149, 171]}, {"key": "originally-issued", "type": "definition", "offset": [177, 194]}, {"key": "the-request", "type": "clause", "offset": [198, 209]}, {"key": "issued-to", "type": "definition", "offset": [241, 250]}, {"key": "other-person", "type": "definition", "offset": [268, 280]}, {"key": "direct-or-indirect", "type": "clause", "offset": [337, 355]}, {"key": "permitted-transferees", "type": "definition", "offset": [356, 377]}, {"key": "management-call-group", "type": "definition", "offset": [398, 419]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [465, 497]}, {"key": "the-company-will", "type": "clause", "offset": [589, 605]}, {"key": "right-to-purchase", "type": "definition", "offset": [615, 632]}, {"key": "for-cash", "type": "definition", "offset": [633, 641]}, {"key": "purchased-management-shares", "type": "definition", "offset": [664, 691]}, {"key": "the-management", "type": "clause", "offset": [700, 714]}, {"key": "management-call-option", "type": "definition", "offset": [755, 777]}], "hash": "a71bdaab3831bc80f559382d1d8c1e00", "id": 3}, {"snippet": "2.1.1 The Holdcos grant to Cayman 7 a series of options entitling Cayman 7 to acquire the Ordinary Shares and Preference Shares (each a \u201cCayman 7 Call Option\u201d). In relation to each Cayman 7 Call Option Exercise Date Cayman 7 shall be entitled to require:\n(a) Cayman 4 to sell to it the number of Ordinary Shares set out in Column F of Schedule 2 for the relevant Cayman 7 Call Option Exercise Date in exchange for the payment to Cayman 4, in cash, of the aggregate of: (i) the $ Initial Cash Amount set out in Column C of Schedule 2 (as adjusted in accordance with this Agreement or as otherwise may be agreed between the Parties); and (ii) the \u20ac Initial Cash Amount set out in Column D of Schedule 2; and\n(b) Cayman 5 to sell to it the number of Preference Shares set out in Column G of Schedule 2 for the relevant Cayman 7 Call Option Exercise Date in exchange for the payment to Cayman 5, in cash, of the $ Initial Cash Amount set out in Column E of Schedule 2 (as adjusted in accordance with this Agreement or as otherwise may be agreed between the Parties).\n2.1.2 Each Cayman 7 Call Option may be exercised only in respect of both of: (a) all of the corresponding number of Ordinary Shares which Cayman 7 shall be entitled to acquire under Clause 2.1.1(a); and (b) all of the corresponding number of Preference Shares which Cayman 7 shall be entitled to acquire under Clause 2.1.1(b).", "samples": [{"hash": "ia9LOLS3YgA", "uri": "/contracts/ia9LOLS3YgA#call-options", "label": "Option Agreement", "score": 29.3408622742, "published": true}, {"hash": "90UT9drnsQf", "uri": "/contracts/90UT9drnsQf#call-options", "label": "Option Agreement (Central European Distribution Corp)", "score": 19.0, "published": true}, {"hash": "8XE5O91t9j8", "uri": "/contracts/8XE5O91t9j8#call-options", "label": "Option Agreement (Central European Distribution Corp)", "score": 19.0, "published": true}], "size": 4, "snippet_links": [{"key": "series-of-options", "type": "definition", "offset": [38, 55]}, {"key": "to-acquire", "type": "definition", "offset": [75, 85]}, {"key": "the-ordinary-shares", "type": "clause", "offset": [86, 105]}, {"key": "preference-shares", "type": "clause", "offset": [110, 127]}, {"key": "in-relation-to", "type": "clause", "offset": [161, 175]}, {"key": "call-option-exercise-date", "type": "definition", "offset": [190, 215]}, {"key": "to-sell", "type": "clause", "offset": [268, 275]}, {"key": "number-of-ordinary-shares", "type": "clause", "offset": [286, 311]}, {"key": "set-out", "type": "definition", "offset": [312, 319]}, {"key": "column-f", "type": "clause", "offset": [323, 331]}, {"key": "schedule-2", "type": "definition", "offset": [335, 345]}, {"key": "the-relevant", "type": "clause", "offset": [350, 362]}, {"key": "in-exchange", "type": "clause", "offset": [398, 409]}, {"key": "payment-to", "type": "clause", "offset": [418, 428]}, {"key": "initial-cash-amount", "type": "definition", "offset": [479, 498]}, {"key": "column-c", "type": "clause", "offset": [510, 518]}, {"key": "as-adjusted", "type": "definition", "offset": [534, 545]}, {"key": "in-accordance-with", "type": "clause", "offset": [546, 564]}, {"key": "agreement-or", "type": "definition", "offset": [570, 582]}, {"key": "agreed-between-the-parties", "type": "clause", "offset": [603, 629]}, {"key": "column-d", "type": "definition", "offset": [678, 686]}, {"key": "column-e", "type": "definition", "offset": [941, 949]}, {"key": "in-respect-of", "type": "clause", "offset": [1117, 1130]}, {"key": "under-clause", "type": "clause", "offset": [1239, 1251]}], "hash": "2df4e3043fd2badadc029581cad99f33", "id": 7}, {"snippet": "(a) If Director's service as a member of the Board terminates for any of the reasons set forth in clauses (i), (ii) or (iii) below prior to a Sale of the Company, the Company shall have the right and option to purchase for a period of 90 days following the Termination Date, and each member of Director Group shall be required to sell to the Company, any or all of such Units then held by such member of Director Group (it being understood that if Units of any class subject to repurchase hereunder may be repurchased at different prices, the Company may elect to repurchase only the portion of the Units of such class subject to repurchase hereunder at the lower price), at a price per unit equal to the applicable purchase price determined pursuant to Section 4.2(c):\n(i) if Director's service as a member of the Board is terminated due to the Disability or death of Director;\n(ii) if Director's service as a member of the Board is terminated by the Company and its subsidiaries without Cause or by Director for any reason when none of the circumstances set forth in clauses (i) and (iii) apply;\n(iii) if Director's service as a member of the Board is terminated by the Company or any of its subsidiaries for Cause.\n(b) If the Company desires to exercise one of its options to purchase Units pursuant to this Section 4.2, the Company shall, not later than 90 days after the Termination Date, send written notice to each member of Director Group of its intention to purchase Units, specifying the number of Units to be purchased (the \"Call Notice\"). Subject to the provisions of Section 5, the closing of the purchase shall take place at the principal office of the Company on a date specified by the Company no later than the 30th day after the giving of the later of the Call Notice.\n(c) In the event of a purchase by the Company pursuant to Section 4.2(a), the purchase price shall be:\n(i) with respect to a purchase of all Units, in the case of a termination of Director's service as a member of the Board described in Section 4.2(a)(iii), a price per Unit equal to the lesser of (A) Fair Market Value (measured as of the Termination Date) and (B) Cost;\n(ii) with respect to a purchase of Preferred Units or Class A Units, in the case of a termination of Director's service as a member of the Board described in Sections 4.2(a)(i) or Section 4.2(a)(ii), a price per Unit equal to Fair Market Value (measured as of the Termination Date); and\n(iii) with respect to a purchase of Class E Units, in the case of a termination of Director's service as a member of the Board described in Section 4.2(a)(i) or Section 4.2(a)(ii), with respect to the number of Units being purchased which is the product of (x) the total number of Units being purchased and (y) the Applicable Percentage (measured as of the Termination Date), a price per Unit equal to Fair Market Value (measured as of the Termination Date), and (if the Applicable Percentage (measured as of the Termination Date) is less than 100%) the purchase price with respect to the remaining Units being sold shall be a price per Unit equal to the lesser of (A) Fair Market Value (measured as of the Termination Date) and (B) Cost; provided that in any case the Board shall have the right, in its sole discretion, to increase any purchase price set forth above.", "samples": [{"hash": "fQfoqKzhN0I", "uri": "/contracts/fQfoqKzhN0I#call-options", "label": "Director Unit Subscription Agreement (National Mentor Holdings, Inc.)", "score": 21.0, "published": true}], "size": 8, "snippet_links": [{"key": "service-as-a-member-of-the-board", "type": "clause", "offset": [18, 50]}, {"key": "in-clauses", "type": "clause", "offset": [95, 105]}, {"key": "prior-to-a", "type": "clause", "offset": [131, 141]}, {"key": "sale-of-the-company", "type": "clause", "offset": [142, 161]}, {"key": "the-company-shall", "type": "clause", "offset": [163, 180]}, {"key": "the-right", "type": "clause", "offset": [186, 195]}, {"key": "option-to-purchase", "type": "definition", "offset": [200, 218]}, {"key": "period-of", "type": "definition", "offset": [225, 234]}, {"key": "following-the-termination-date", "type": "clause", "offset": [243, 273]}, {"key": "each-member", "type": "definition", "offset": [279, 290]}, {"key": "to-sell", "type": "clause", "offset": [327, 334]}, {"key": "to-the-company", "type": "definition", "offset": [335, 349]}, {"key": "the-units", "type": "clause", "offset": [595, 604]}, {"key": "lower-price", "type": "definition", "offset": [658, 669]}, {"key": "price-per-unit", "type": "clause", "offset": [677, 691]}, {"key": "equal-to", "type": "definition", "offset": [692, 700]}, {"key": "applicable-purchase-price", "type": "definition", "offset": [705, 730]}, {"key": "section-42", "type": "clause", "offset": [754, 765]}, {"key": "death-of-director", "type": "clause", "offset": [860, 877]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [948, 980]}, {"key": "without-cause", "type": "definition", "offset": [981, 994]}, {"key": "by-director", "type": "clause", "offset": [998, 1009]}, {"key": "for-any-reason", "type": "clause", "offset": [1010, 1024]}, {"key": "for-cause", "type": "clause", "offset": [1207, 1216]}, {"key": "to-exercise", "type": "clause", "offset": [1245, 1256]}, {"key": "options-to-purchase-units", "type": "clause", "offset": [1268, 1293]}, {"key": "after-the-termination-date", "type": "clause", "offset": [1366, 1392]}, {"key": "notice-to", "type": "clause", "offset": [1407, 1416]}, {"key": "call-notice", "type": "definition", "offset": [1536, 1547]}, {"key": "section-5", "type": "definition", "offset": [1580, 1589]}, {"key": "closing-of-the-purchase", "type": "clause", "offset": [1595, 1618]}, {"key": "principal-office-of-the-company", "type": "clause", "offset": [1643, 1674]}, {"key": "purchase-by-the-company", "type": "clause", "offset": [1809, 1832]}, {"key": "the-purchase-price", "type": "clause", "offset": [1861, 1879]}, {"key": "with-respect-to", "type": "clause", "offset": [1894, 1909]}, {"key": "all-units", "type": "definition", "offset": [1924, 1933]}, {"key": "in-the-case", "type": "clause", "offset": [1935, 1946]}, {"key": "termination-of", "type": "clause", "offset": [1952, 1966]}, {"key": "lesser-of", "type": "definition", "offset": [2075, 2084]}, {"key": "fair-market-value", "type": "clause", "offset": [2089, 2106]}, {"key": "preferred-units", "type": "definition", "offset": [2194, 2209]}, {"key": "class-a-units", "type": "clause", "offset": [2213, 2226]}, {"key": "class-e-units", "type": "definition", "offset": [2482, 2495]}, {"key": "the-product", "type": "clause", "offset": [2688, 2699]}, {"key": "total-number-of-units", "type": "definition", "offset": [2711, 2732]}, {"key": "applicable-percentage", "type": "definition", "offset": [2761, 2782]}, {"key": "remaining-units", "type": "definition", "offset": [3035, 3050]}, {"key": "provided-that", "type": "definition", "offset": [3185, 3198]}, {"key": "board-shall", "type": "definition", "offset": [3215, 3226]}, {"key": "sole-discretion", "type": "definition", "offset": [3250, 3265]}], "hash": "d5281885b55bcb5d70ed2457578c9812", "id": 4}, {"snippet": "Upon the exercise of the Call Options and the receipt by the Interest Purchaser(s) of copies of all approvals, registrations and filings set forth in Section 3.1 in relation to the transfer of the relevant Equity Interest, the Interest Purchaser(s) shall pay to Party B and/or Party C (as the case may be) a purchase price of RMB1.00 or such higher amount as required by PRC laws.", "samples": [{"hash": "kXeFfPRiJOh", "uri": "/contracts/kXeFfPRiJOh#call-options", "label": "Option Deed (Redgate Media Group)", "score": 21.1341552734, "published": true}, {"hash": "aLI94jzg20b", "uri": "/contracts/aLI94jzg20b#call-options", "label": "Option Deed (Redgate Media Group)", "score": 21.1341552734, "published": true}], "size": 4, "snippet_links": [{"key": "exercise-of-the-call", "type": "clause", "offset": [9, 29]}, {"key": "the-interest", "type": "definition", "offset": [57, 69]}, {"key": "all-approvals", "type": "clause", "offset": [96, 109]}, {"key": "registrations-and-filings", "type": "clause", "offset": [111, 136]}, {"key": "section-31", "type": "definition", "offset": [150, 161]}, {"key": "in-relation-to", "type": "clause", "offset": [162, 176]}, {"key": "equity-interest", "type": "definition", "offset": [206, 221]}, {"key": "pay-to", "type": "definition", "offset": [255, 261]}, {"key": "party-b", "type": "clause", "offset": [262, 269]}, {"key": "party-c", "type": "clause", "offset": [277, 284]}, {"key": "the-case", "type": "definition", "offset": [289, 297]}, {"key": "purchase-price", "type": "clause", "offset": [308, 322]}, {"key": "as-required-by", "type": "clause", "offset": [356, 370]}, {"key": "prc-laws", "type": "definition", "offset": [371, 379]}], "hash": "986fe7dcc1859968d1d28ad71dfba1b8", "id": 9}, {"snippet": "(A) Upon execution and delivery of the Warrants by the Company, the holders of the Warrants hereby grant to the Company the option (\u201cCall Option A\u201d) to purchase all but not less than all of the Warrants then outstanding at a price equal to the Call Price (as defined in Section 2.3 herein) and otherwise upon the terms and conditions hereinafter set forth. The Call Option A in this Section 2.1(A) may only be exercised by the Company (I) prior to 11:59 p.m. prevailing Eastern Time on June 30, 2013 and (II) upon the payment in full and in cash (and receipt by the Administrative Agent thereof) on or before June 30, 2013, of (i) all outstanding principal Obligations under the Term Loans B (as such terms are defined in the Credit Agreement); plus (ii) all outstanding, accrued and unpaid interest and any Deferred Fee (as such term is defined in the Credit Agreement) applicable to Term Loans B; and plus (iii) an amount equal to five percent (5%) of the sum of clauses (i) and (ii) hereunder.\n(B) Upon execution and delivery of the Warrants by the Company, the holders of the Warrants hereby grant to the Company the option (\u201cCall Option B\u201d) to purchase all but not less than all of the Warrants then outstanding at a price equal to the Call Price (as defined in Section 2.3 herein) and otherwise upon the terms and conditions hereinafter set forth. The Call Option B in this Section 2.1(B) may only be exercised by the Company (I) prior to 11:59 p.m. prevailing Eastern Time on June 30, 2013 and (II) upon the payment in full and in cash (and receipt by the Administrative Agent thereof) of (a) all Net Cash Proceeds from the sale of the Newspaper in amount equal to or greater than $12,000,000 on or before March 31, 2013, and (b) all outstanding Obligations owing under the Credit Agreement on or before June 30, 2013 and the termination of the Commitments as of such date.\n(C) Upon execution and delivery of the Warrants by the Company, the holders of the Warrants hereby grant to the Company the option (\u201cCall Option C\u201d) to purchase fifty percent (50%) but not less than fifty percent (50%) of the then outstanding Warrants at a price equal to the Call Price (as defined in Section 2.3 herein) and otherwise upon the terms and conditions hereinafter set forth. The Call Option C in this Section 2.1(C) may only be exercised by the Company (I) prior to 11:59 p.m. prevailing Eastern Time on March 31, 2013 and (II) upon the payment in full and in cash (and receipt by the Administrative Agent thereof) on or before March 31, 2013 of all Net Cash Proceeds from the sale of the Newspaper in amount equal to or greater than $12,000,000.\n(D) Subject to Section 2.1(G) hereof, upon execution and delivery of the Warrants by the Company, the holders of the Warrants hereby grant to the Company the option (\u201cCall Option D\u201d) to purchase all but not less than all of the then outstanding Warrants at a price equal to the Call Price (as defined in Section 2.3 herein) and otherwise upon the terms and conditions hereinafter set forth. The Call Option D in this Section 2.1(D) may only be exercised by the Company (I) prior to 11:59 p.m. prevailing Eastern Time on April 30, 2013 and (II) upon the payment in full and in cash (and receipt by the Administrative Agent thereof) on or before April 30, 2013 of all outstanding Obligations owing under the Credit Agreement and the termination of the Commitments as of such date.\n(E) Subject to Section 2.1(G) hereof, upon execution and delivery of the Warrants by the Company, the holders of the Warrants hereby grant to the Company the option (\u201cCall Option E\u201d) to purchase seventy-five percent (75%) but not less than seventy-five percent (75%) of the then outstanding Warrants at a price equal to the Call Price (as defined in Section 2.3 herein) and otherwise upon the terms and conditions hereinafter set forth. The Call Option E in this Section 2.1(E) may only be exercised by the Company (I) after 11:59 p.m. prevailing Eastern Time on April 30, 2013 and prior to 11:59 p.m. prevailing Eastern Time on May 31, 2013 and (II) upon the payment in full and in cash (and receipt by the Administrative Agent thereof) after April 30, 2013 and on or before May 31, 2013 of all outstanding Obligations owing under the Credit Agreement and the termination of the Commitments as of such date.\n(F) Subject to Section 2.1(G) hereof, upon execution and delivery of the Warrants by the Company, the holders of the Warrants hereby grant to the Company the option (\u201cCall Option F\u201d) to purchase fifty percent (50%) but not less than fifty percent (50%) of the then outstanding Warrants at a price equal to the Call Price (as defined in Section 2.3 herein) and otherwise upon the terms and conditions hereinafter set forth. The Call Option F in this Section 2.1(F) may only be exercised by the Company (I) after 11:59 p.m. prevailing Eastern Time on May 31, 2013 and prior to 11:59 p.m. prevailing Eastern Time on June 30, 2013, and (II) upon the payment in full and in cash (and receipt by the Administrative Agent thereof) after May 31, 2013 and on or before June 30, 2013 of all outstanding Obligations owing under the Credit Agreement and the termination of the Commitments as of such date.\n(G) In the event of the exercise of Call Option C and the Company subsequently satisfies the condition set forth in Section 2.1(B)(II)(b), then, Call Options D, E and F shall be null and void.\n(H) Any shares of Company stock owned by any Warrant holder and received by such holder as a result of the exercise of all or any portion of such holder\u2019s Warrant shall be includable and subject to Call Options A through F herein at an exercise price of $0.001 per share.\n(I) If any expiration or date for exercise of an option occurs, or payment hereunder becomes due and payable, on a day which is not a Business Day (as such term is defined in the Credit Agreement), the expiration or exercise date of such option, or due date of such payment, shall be extended to the next succeeding Business Day, and on which date such option shall be exercised or otherwise expire at 11:59 p.m. prevailing Eastern Time, or such payment shall be due and payable.", "samples": [{"hash": "dZAhOZ5ek8b", "uri": "/contracts/dZAhOZ5ek8b#call-options", "label": "Credit Agreement (Champion Industries Inc)", "score": 24.672826767, "published": true}, {"hash": "4GdebcsvwYp", "uri": "/contracts/4GdebcsvwYp#call-options", "label": "Credit Agreement (Champion Industries Inc)", "score": 24.0759754181, "published": true}, {"hash": "8rEudJbt31V", "uri": "/contracts/8rEudJbt31V#call-options", "label": "Credit Agreement (Champion Industries Inc)", "score": 23.0766601562, "published": true}], "size": 5, "snippet_links": [{"key": "delivery-of-the-warrants", "type": "clause", "offset": [23, 47]}, {"key": "by-the-company", "type": "clause", "offset": [48, 62]}, {"key": "holders-of", "type": "clause", "offset": [68, 78]}, {"key": "to-the-company", "type": "definition", "offset": [105, 119]}, {"key": "the-option", "type": "clause", "offset": [120, 130]}, {"key": "option-a", "type": "definition", "offset": [138, 146]}, {"key": "equal-to", "type": "definition", "offset": [231, 239]}, {"key": "call-price", "type": "clause", "offset": [244, 254]}, {"key": "section-23", "type": "clause", "offset": [270, 281]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [309, 333]}, {"key": "the-call-option", "type": "clause", "offset": [357, 372]}, {"key": "prior-to", "type": "definition", "offset": [439, 447]}, {"key": "prevailing-eastern-time", "type": "definition", "offset": [459, 482]}, {"key": "payment-in-full", "type": "definition", "offset": [518, 533]}, {"key": "the-administrative-agent", "type": "clause", "offset": [562, 586]}, {"key": "term-loans-b", "type": "definition", "offset": [679, 691]}, {"key": "the-credit-agreement", "type": "clause", "offset": [722, 742]}, {"key": "accrued-and-unpaid-interest", "type": "definition", "offset": [772, 799]}, {"key": "deferred-fee", "type": "definition", "offset": [808, 820]}, {"key": "applicable-to", "type": "definition", "offset": [871, 884]}, {"key": "five-percent", "type": "clause", "offset": [933, 945]}, {"key": "sum-of", "type": "clause", "offset": [958, 964]}, {"key": "option-b", "type": "clause", "offset": [1135, 1143]}, {"key": "net-cash-proceeds", "type": "clause", "offset": [1604, 1621]}, {"key": "sale-of-the", "type": "clause", "offset": [1631, 1642]}, {"key": "obligations-owing", "type": "clause", "offset": [1753, 1770]}, {"key": "termination-of-the-commitments", "type": "clause", "offset": [1833, 1863]}, {"key": "option-c", "type": "definition", "offset": [2019, 2027]}, {"key": "fifty-percent", "type": "definition", "offset": [2042, 2055]}, {"key": "outstanding-warrants", "type": "clause", "offset": [2112, 2132]}, {"key": "on-march", "type": "clause", "offset": [2396, 2404]}, {"key": "subject-to-section", "type": "clause", "offset": [2646, 2664]}, {"key": "option-d", "type": "clause", "offset": [2814, 2822]}, {"key": "on-april", "type": "clause", "offset": [3159, 3167]}, {"key": "before-april", "type": "clause", "offset": [3279, 3291]}, {"key": "option-e", "type": "definition", "offset": [3593, 3601]}, {"key": "after-april", "type": "clause", "offset": [4159, 4170]}, {"key": "in-the-event-of", "type": "definition", "offset": [5228, 5243]}, {"key": "exercise-of-call-option", "type": "clause", "offset": [5248, 5271]}, {"key": "and-the-company", "type": "clause", "offset": [5274, 5289]}, {"key": "the-condition", "type": "clause", "offset": [5313, 5326]}, {"key": "e-and-f", "type": "clause", "offset": [5385, 5392]}, {"key": "null-and-void", "type": "clause", "offset": [5402, 5415]}, {"key": "owned-by", "type": "definition", "offset": [5449, 5457]}, {"key": "warrant-holder", "type": "definition", "offset": [5462, 5476]}, {"key": "received-by", "type": "definition", "offset": [5481, 5492]}, {"key": "exercise-price", "type": "definition", "offset": [5653, 5667]}, {"key": "exercise-of-an-option", "type": "clause", "offset": [5723, 5744]}, {"key": "due-and-payable", "type": "definition", "offset": [5782, 5797]}, {"key": "a-day", "type": "definition", "offset": [5802, 5807]}, {"key": "not-a-business-day", "type": "clause", "offset": [5817, 5835]}, {"key": "date-of", "type": "clause", "offset": [5914, 5921]}, {"key": "due-date", "type": "clause", "offset": [5938, 5946]}], "hash": "3263b0d32969af2c08cf75b16b394f49", "id": 5}, {"snippet": "Except as Echo may otherwise agree in writing with any Manager with respect to Echo Shares held by such Manager (or any Person to whom any Echo Shares were originally issued at the request of such Manager) or originally issued to such Manager (or other Person at the request of such Manager) but held by one or more direct or indirect Permitted Transferees (collectively, the \u201cManagement Call Group\u201d), upon any termination of the employment with Echo, the Company and any of its Subsidiaries, or eRx Network Holdings, Inc. and any of its Subsidiaries (each an \u201cEmployer Party\u201d and together the \u201cEmployer Parties\u201d) of any Manager (whether such termination is by any of the Employer Parties, by such Manager or otherwise), Echo will have the right to purchase for cash all or any portion of Purchased Management Shares held by the Management Call Group on the following terms (the \u201cManagement Call Option\u201d):", "samples": [{"hash": "hXMQYlgh8WU", "uri": "/contracts/hXMQYlgh8WU#call-options", "label": "Stockholders Agreement (PF2 SpinCo, Inc.)", "score": 31.0917186737, "published": true}, {"hash": "bQXaHKMMh6s", "uri": "/contracts/bQXaHKMMh6s#call-options", "label": "Stockholders Agreement (Change Healthcare Inc.)", "score": 30.8288841248, "published": true}, {"hash": "cnmfNTIGw2E", "uri": "/contracts/cnmfNTIGw2E#call-options", "label": "Stockholders Agreement (Change Healthcare Inc.)", "score": 30.1991786957, "published": true}], "size": 4, "snippet_links": [{"key": "in-writing", "type": "definition", "offset": [35, 45]}, {"key": "with-respect-to", "type": "clause", "offset": [63, 78]}, {"key": "echo-shares", "type": "definition", "offset": [79, 90]}, {"key": "any-person", "type": "clause", "offset": [116, 126]}, {"key": "originally-issued", "type": "definition", "offset": [156, 173]}, {"key": "the-request", "type": "clause", "offset": [177, 188]}, {"key": "issued-to", "type": "definition", "offset": [220, 229]}, {"key": "other-person", "type": "definition", "offset": [247, 259]}, {"key": "direct-or-indirect", "type": "clause", "offset": [316, 334]}, {"key": "permitted-transferees", "type": "definition", "offset": [335, 356]}, {"key": "management-call-group", "type": "definition", "offset": [377, 398]}, {"key": "termination-of-the-employment", "type": "clause", "offset": [411, 440]}, {"key": "the-company", "type": "clause", "offset": [452, 463]}, {"key": "employer-party", "type": "clause", "offset": [561, 575]}, {"key": "employer-parties", "type": "definition", "offset": [595, 611]}, {"key": "the-employer", "type": "clause", "offset": [668, 680]}, {"key": "right-to-purchase", "type": "definition", "offset": [740, 757]}, {"key": "for-cash", "type": "definition", "offset": [758, 766]}, {"key": "purchased-management-shares", "type": "definition", "offset": [789, 816]}, {"key": "the-management", "type": "clause", "offset": [825, 839]}, {"key": "management-call-option", "type": "definition", "offset": [880, 902]}], "hash": "26f551f9e04b0e16df45ba58a5304c34", "id": 6}, {"snippet": "The following provisions with respect to the purchase and sale of an LLC Interest of a Principal and his or its Permitted Transferees shall apply following the Principal's death, Disability, Retirement, termination of a Principal's employment with the LLC, a transfer required by operation of law or other involuntary transfer of an LLC Interest.\na. In the event of the death, Disability or Retirement of a Principal, the Other Principals shall have the right (in proportion to their Membership Points or in such other proportions as the Principals' Representative may determine), exercisable by providing written notice, within 60 days of that event, to the Principal, the Principal's estate and/or the Principal's Permitted Transferees, as the case may be, and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 in the form of Exhibit C (a \"Call Notice\"), to purchase (a \"Call\") from that Principal or that Principal's estate and that Principal's Permitted Transferees, as the case may be, and, if that right is exercised, that Principal or that Principal's estate and that Principal's Permitted Transferees, as the case may be, shall be obligated to sell to the Other Principals, all of that Principal's and his or its Permitted Transferees' LLC Interests and associated Membership Points (or such portion as the Other Principals agree to purchase). If the Other Principals do not elect to purchase all of that Principal's and his or its Permitted Transferees' LLC Interests and associated Membership Points, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall have the right, exercisable by providing a Call Notice to the Principal, that Principal's estate and that Principal's Permitted Transferees, as the case may be, within the 60-day period following receipt of notice from the Other Principals declining to purchase all or a portion of that Principal's and his or its Permitted Transferees' LLC Interests and associated Membership Points (or, if \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 has not received any notice from the Other Principals regarding their intent to purchase any portion of that Principal's and his or its Permitted Transferee's LLC Interests and associated Membership Points, within the 60-day period following the first 60-day period), to purchase some or all of the remaining LLC Interests and associated Membership Points of that Principal and his or its Permitted Transferees. If that right is exercised, that Principal and that Principal's estate and Permitted Transferees, as the case may be, shall be obligated to sell to \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 all of that Principal's and his or its Permitted Transferee's remaining LLC Interests and associated Membership Points (or such portion as \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 agrees to purchase). Notwithstanding anything to the contrary herein, the Other Principals and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall not be obligated to purchase any or all of that Principal's and his or its Permitted Transferees' LLC Interests and associated Membership Points, and any rights granted by this Section 7.3(a) may be exercised in whole or in part. The aggregate purchase price for all of that Principal's and his Permitted Transferees' LLC Interests and associated Membership Points purchased pursuant to this Section 7.3(a) shall be the Purchase Price thereof. Each of \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and the Other Principals shall pay the Purchase Price in proportion to the amount of LLC Interests and associated Membership Points being purchased by that Person. The Purchase Closing Date for a purchase pursuant to this Section 7.3(a) shall be within ten days following the earlier of the expiration of the time periods contained in the preceding paragraph or the delivery of the Call Notice by \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587. At the closing of the purchase from the Principal, the estate of the deceased Principal and/or the Principal's Permitted Transferees, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and/or the Other Principals shall deliver to the Principal, his or its Permitted Transferees or the personal representative of the deceased Principal's estate, as the case may be, the Purchase Price by certified check or wire transfer of immediately available funds against delivery of the LLC Interests and associated Membership Points, free and clear of all liens, security interests and other encumbrances, and any other documents or instruments of transfer as they may reasonably request. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and the Other Principals may purchase life insurance or disability insurance on any Principal. Each Principal shall cooperate with \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and the Other Principals in obtaining that insurance, including taking any required physical examinations.\nb. Within 60 days following (1) the date the Principal's employment with the LLC is terminated other than by reason of death, Disability or Retirement; (2) the date the Principal becomes a Non-Voting Member pursuant to Section 4.6(d); or (3) a transfer required by operation of law or other involuntary transfer of a Principal's or his or its Permitted Transferee's LLC Interests and associated Membership Points, the Other Principals (in proportion to their Membership Points or in such other proportions as the Principals' Representative may determine) may exercise a Call with respect to all or any portion of that Principal's and that Principal's Permitted Transferees' LLC Interests and associated Membership Points. If some or all of a Principal's or his or its Permitted Transferees' LLC Interests and associated Membership Points are transferred by operation of law or by means of any other involuntary transfer, that Person shall cause its transferees to comply with all of the requirements of this Section 7.3 as though they were parties hereto. A Call may be exercised by the Other Principals providing a Call Notice to the Principal and/or the Principal's Permitted Transferees and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 within 60 days after that event, of their intent to purchase all or any portion of the Principal's and that Principal's Permitted Transferees' LLC Interests and associated Membership Points. If the Other Principals do not exercise a Call with respect to all of a Principal's and that Principal's Permitted Transferees' LLC Interests and associated Membership Points in accordance with the preceding sentence (or if \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 has not received any notice from the Other Principals of their intent to purchase any portion of that Principal's and his or its Permitted Transferees' LLC Interests and associated Membership Points within the 60-day period described in this Section 7.3(b)), \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall have an additional 60 days to exercise a Call with respect to that portion of the Principal's and that Principal's Permitted Transferees' LLC Interests and associated Membership Points for which the Other Principals do not exercise a Call by providing a Call Notice to the Principal and his or its Permitted Transferees. Notwithstanding anything to the contrary contained herein, the Other Principals and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall not be obligated to exercise any Call, and any right granted in this Section 7.3(b) may be exercised in whole or in part. If a Call is exercised as a result of (1) a Principal's employment with the LLC being terminated without Cause or by reason of voluntary resignation of his employment with the LLC; or (2) a transfer required by operation of law or other involuntary transfer of a Principal's or that Principal's Permitted Transferees' LLC Interests and associated Membership Points, the purchase price payable by the Other Principals and/or \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 to that Principal and his or its Permitted Transferees for their LLC Interests and associated Membership Points shall be the Purchase Price. If a Principal's employment with the LLC is terminated by the LLC for Cause or if the Principal becomes a Non-Voting Member pursuant to Section 4.6(d), then, notwithstanding anything else to the contrary herein, the Purchase Price payable by the Other Principals and/or \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 to that Principal and his or its Permitted Transferees for their LLC Interests shall be 60% of the Purchase Price that would otherwise apply. \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 Closing Date under this Section 7.3(b) shall be within ten days following the earlier of the expiration of the time periods contained in the first paragraph of this Section 7.3(b) or the delivery of the Call Notice by \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587. At the closing of the purchase from the Principal, and/or the Principal's Permitted Transferees, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and/or the Other Principals shall deliver to the Principal, or his or its Permitted Transferees, as the case may be, the Purchase Price by certified check or wire transfer of immediately available funds against delivery of the LLC Interests and associated Membership Points, free and clear of all liens, security interests and other encumbrances, and any other documents or instruments of transfer as they may reasonably request.\nc. Notwithstanding the foregoing, if a Call is exercised with respect to the LLC Interests and associated Membership Points of a Principal or his or its Permitted Transferees who has voluntarily resigned his employment with the LLC other than by death, Disability or Retirement or for Good Reason or whose employment by the LLC is terminated for Cause or if the Principal becomes a Non-Voting Member pursuant to Section 4.6(d), in each case at any time prior to March 31, 2006, then the portion of the Purchase Price payable to that Principal and his or its Permitted Transferees shall be paid by delivery of a three-year promissory note of the purchaser(s) of such LLC Interests and associated Membership Points to the selling Principal and his or its Permitted Transferees, which shall bear interest at the \"applicable federal rate\" determined under Section 1274(d) of the Code for three-year instruments (a \"Note\"), payable quarterly, and the principal of which shall be payable three years after the Purchase Closing Date. If such employment is terminated after March 31, 2006, the Purchase Price must be paid in cash as provided above.\nd. On the last day of the month in which a Call is exercised, the Principal who has died, become Disabled or Retired and his or its Permitted Transferees, or the Principal and his or its Permitted Transferees who have received a Call Notice, shall cease to have any rights as a Member with respect to the LLC Interest for which Calls have been exercised, other than (1) the right to receive the Purchase Price on the Purchase Closing Date and (2) the right to receive distributions and allocations with respect to that LLC Interest through the Purchase Closing Date.\ne. In the event of the death, Disability or Retirement of \u2587\u2587\u2587\u2587\u2587\u2587, the Family Trust shall be treated for purposes of this Section 7.3 as having died, become Disabled or Retired on the date \u2587\u2587\u2587\u2587\u2587\u2587 died, became Disabled or Retired. If Robert's employment with the LLC is terminated other than by reason of death, Disability or Retirement, or if his Membership in the LLC is terminated for Cause, then the Family Trust shall be treated for purposes of this Section 7.3 as having terminated employment with the LLC or terminated its membership in the LLC in such circumstance and on such date, except that, with respect to only those LLC Interests owned by the Family Trust as of the date hereof, each of the Family Trust shall, notwithstanding any provision to the contrary in Section 7.3(b), receive 100% of the Purchase Price for those LLC Interests and such amount shall be paid in cash.\nf. If the Insurance Trust has not exercised all of its Put rights pursuant to Section 7.2 by March 31, 2009, the Other Principals (in proportion to their Membership Points or in such", "samples": [{"hash": "c8wVfjjKHUn", "uri": "/contracts/c8wVfjjKHUn#call-options", "label": "Limited Liability Company Agreement (Wilmington Trust Corp)", "score": 18.0, "published": true}, {"hash": "1Bwiw8Fts2P", "uri": "/contracts/1Bwiw8Fts2P#call-options", "label": "Limited Liability Company Agreement (Wilmington Trust Corp)", "score": 18.0, "published": true}], "size": 4, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [25, 40]}, {"key": "purchase-and-sale-of", "type": "clause", "offset": [45, 65]}, {"key": "permitted-transferees", "type": "definition", "offset": [112, 133]}, {"key": "the-principal", "type": "definition", "offset": [156, 169]}, {"key": "termination-of-a", "type": "clause", "offset": [203, 219]}, {"key": "the-llc", "type": "clause", "offset": [248, 255]}, {"key": "by-operation-of-law", "type": "definition", "offset": [277, 296]}, {"key": "other-involuntary-transfer", "type": "clause", "offset": [300, 326]}, {"key": "in-the-event-of", "type": "definition", "offset": [350, 365]}, {"key": "disability-or-retirement", "type": "clause", "offset": [377, 401]}, {"key": "the-right", "type": "clause", "offset": [450, 459]}, {"key": "membership-points", "type": "definition", "offset": [484, 501]}, {"key": "written-notice", "type": "clause", "offset": [606, 620]}, {"key": "the-case", "type": "definition", "offset": [742, 750]}, {"key": "form-of", "type": "clause", "offset": [780, 787]}, {"key": "exhibit-c", "type": "definition", "offset": [788, 797]}, {"key": "call-notice", "type": "definition", "offset": [802, 813]}, {"key": "to-sell", "type": "clause", "offset": [1109, 1116]}, {"key": "llc-interests", "type": "definition", "offset": [1204, 1217]}, {"key": "agree-to", "type": "clause", "offset": [1292, 1300]}, {"key": "notice-to-the", "type": "clause", "offset": [1535, 1548]}, {"key": "day-period", "type": "clause", "offset": [1662, 1672]}, {"key": "receipt-of-notice", "type": "clause", "offset": [1683, 1700]}, {"key": "a-portion", "type": "definition", "offset": [1756, 1765]}, {"key": "any-notice", "type": "clause", "offset": [1906, 1916]}, {"key": "intent-to-purchase", "type": "clause", "offset": [1959, 1977]}, {"key": "points-of", "type": "clause", "offset": [2238, 2247]}, {"key": "agrees-to", "type": "clause", "offset": [2608, 2617]}, {"key": "granted-by", "type": "definition", "offset": [2880, 2890]}, {"key": "section-73", "type": "clause", "offset": [2896, 2907]}, {"key": "purchase-price-for", "type": "clause", "offset": [2963, 2981]}, {"key": "the-purchase-price", "type": "clause", "offset": [3135, 3153]}, {"key": "each-of-\u2587", "type": "clause", "offset": [3163, 3172]}, {"key": "purchase-closing-date", "type": "definition", "offset": [3349, 3370]}, {"key": "a-purchase", "type": "definition", "offset": [3375, 3385]}, 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