Call Rights of Company Sample Clauses

Call Rights of Company. At any time after the effective date of the SB-2, the Company will have the option, but not the obligation, to "Call" the investor's warrant (see Exhibit A) should the Company's closing stock price equal or exceed $3.00 per share ("Call Trigger"). If the Call Trigger occurs, the Investor will have ten (10) business days to deliver the necessary funds to exercise the warrant. Upon receipt of the funds, the Company will issue to the Investor the corresponding number of shares from the warrant exercise.
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Call Rights of Company. So long as the Stock is not publicly traded, the Company shall have the right to purchase, and Grantee shall have the corresponding obligation to sell, upon delivery of written notice to Grantee, any or all of Grantee's Options and any or all of the shares of Stock then owned by Grantee, ownership of which shares was acquired through exercise of the Option. The purchase price of shares of Stock pursuant to this Section 5.1 shall be the Fair Market Value of such shares of Stock as of the date the Company mails or otherwise delivers such written notice to Grantee. The purchase price of any Options pursuant to this Section 5.1 shall be the difference between the Exercise Price per share and the Fair Market Value of one share of Stock, measured as of the date the Company mails or otherwise delivers such written notice to Grantee, multiplied by the number of shares to which the Option relates that are being purchased. The provisions of this Section 5.1 shall apply in the event of Grantee's death, to Grantee's executor, personal representative or the person to whom the Option and/or shares of Stock shall have been transferred by will or the laws of descent and distribution, as though such person is Grantee.
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Call Rights of Company. Upon 10 days written notice the Company may call the Warrant for redemption by the Company at any time after the underlying Common Stock (i) has been registered for public sale and (ii) has traded at or above $1.25 per share on 20 consecutive trading days and providing that the underlying Registration has and is effective during such time period.
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Call Rights of Company. Except as otherwise specified by the Board, so long as the Common Stock is not publicly traded, the Company shall have the right to purchase, and the Participant shall have the corresponding obligation to sell, upon delivery of written notice to the Participant, any or all of the Participant's vested Options and any or all of the shares of Common Stock then owned by the Participant, ownership of which shares was acquired through exercise of an Option or award of Restricted Stock pursuant to an Agreement under the Plan. The purchase price of shares of Common Stock pursuant to this Section 11.01 of
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Call Rights of Company 
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Related to Call Rights of Company

  • Call Rights (a) Subject to the terms and conditions of this Section 4, the Company shall have the following call rights with respect to the Warrant:

  • Rights of acquisition etc LR9.1 Tenant's contractual rights to renew this lease, to acquire the reversion or another lease of the Property, or to acquire an interest in other land None.

  • Rights of a Shareholder Employee shall have no rights as a shareholder with respect to any shares covered by this Agreement until the date of issuance of a stock certificate to him for such shares. Except as otherwise provided herein, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

  • Put Rights The Warrantholder shall have the following Put Rights:

  • Rights of Shareholder Except as otherwise provided in the Award and this instrument, the Grantee shall have no rights as a shareholder of the Corporation in respect of the Performance Units or Common Stock for which the Award is granted; and the Grantee shall not be considered or treated as a record owner of shares with respect to the Common Stock until the Performance Units are fully vested and no longer subject to any of the conditions, performance requirements, or restrictions imposed under the Award, and Common Stock is actually issued and transferred to the Grantee.

  • Rights of Shareholders The Shares shall be personal property giving only the rights in this Declaration specifically set forth. The ownership of the Trust Property of every description and the right to conduct any business herein before described are vested exclusively in the Trustees, and the Shareholders shall have no interest therein other than the beneficial interest conferred by their Shares, and they shall have no right to call for any partition or division of any property, profits, rights or interests of the Trust nor can they be called upon to share or assume any losses of the Trust or, subject to the right of the Trustees to charge certain expenses directly to Shareholders, as provided in the last sentence of Section 3.8, suffer an assessment of any kind by virtue of their ownership of Shares. The Shares shall not entitle the holder to preference, preemptive, appraisal, conversion or exchange rights (except as specified in this Section 6.3, in Section 11.4 or as specified by the Trustees when creating the Shares, as in preferred shares).

  • Rights of Parties (a) Notwithstanding any provision of this Lease to the contrary, Tenant will not, either voluntarily or by operation of law, assign, sublet, encumber, or otherwise transfer all or any part of Tenant's interest in this lease, or permit the Premises to be occupied by anyone other than Tenant, without Landlord's prior written consent, which consent shall not unreasonably be withheld in accordance with the provisions of Section 9.1(b). No assignment (whether voluntary, involuntary or by operation of law) and no subletting shall be valid or effective without Landlord's prior written consent and, at Landlord's election, any such assignment or subletting or attempted assignment or subletting shall constitute a material default of this Lease. Landlord shall not be deemed to have given its consent to any assignment or subletting by any other course of action, including its acceptance of any name for listing in the Building directory. To the extent not prohibited by provisions of the Bankruptcy Code, 11 U.S.C. Section 101 et seq. (the "Bankruptcy Code"), including Section 365(f)(1), Tenant on behalf of itself and its creditors, administrators and assigns waives the applicability of Section 365(e) of the Bankruptcy Code unless the proposed assignee of the Trustee for the estate of the bankrupt meets Landlord's standard for consent as set forth in Section 9.1(b) of this Lease. If this Lease is assigned to any person or entity pursuant to the provisions of the Bankruptcy Code, any and all monies or other considerations to be delivered in connection with the assignment shall be delivered to Landlord, shall be and remain the exclusive property of Landlord and shall not constitute property of Tenant or of the estate of Tenant within the meaning of the Bankruptcy Code. Any person or entity to which this Lease is assigned pursuant to the provisions of the Bankruptcy Code shall be deemed to have assumed all of the obligations arising under this Lease on and after the date of the assignment, and shall upon demand execute and deliver to Landlord an instrument confirming that assumption.

  • Rights of a Stockholder Prior to the time a Restricted Share is fully vested hereunder, the Employee shall have no right to transfer, pledge, hypothecate or otherwise encumber such Restricted Share. During such period, the Employee shall have all other rights of a stockholder, including, but not limited to, the right to vote and to receive dividends (subject to Section 2(a) hereof) at the time paid on such Restricted Shares.

  • Rights of Stockholders No holder of this Warrant shall be entitled, as a Warrant holder, to vote or receive dividends or be deemed the holder of the Shares or any other securities of the Company which may at any time be issuable on the exercise hereof for any purpose, nor shall anything contained herein be construed to confer upon the holder of this Warrant, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification of stock, change of par value, consolidation, merger, conveyance, or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or otherwise until the Warrant shall have been exercised and the Shares purchasable upon the exercise hereof shall have become deliverable, as provided herein.

  • Rights of Optionee The Optionee shall not be, nor shall he have any of the rights or privileges of, a stockholder of the Company in respect of any of the shares issuable upon the exercise of this Option unless and until certificates representing such shares shall have been issued and delivered; except that the Company shall supply the Optionee with all financial information and other reports which the Company furnished its stockholders during the Option period.

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