Certain Call Rights Upon Termination of Employment. (a) Except as otherwise agreed in writing by the Company, if the employment of any Management Shareholder with the Company or any of its Subsidiaries terminates for any reason (such time being referred to as the “Termination Date”), the Company shall have the right, but not the obligation, to purchase, for cash, in one or more transactions, all or any portion of the Shares held by such Management Shareholder (the “Equity Call Option” and such Shares subject to the Equity Call Option, the “Call Equity Securities”) at the Equity Call Purchase Price.
Appears in 3 contracts
Samples: Shareholders Agreement, Shareholders Agreement (Hawker Beechcraft Notes Co), Shareholders Agreement (Hawker Beechcraft Quality Support Co)
Certain Call Rights Upon Termination of Employment. (a) Except as otherwise agreed in writing by the Company, if the employment of any Coinvest Management Shareholder Member with the Company or any of its Subsidiaries terminates for any reason (such time being referred to as the “Termination Date”), the Company shall have the right, but not the obligation, to purchase, for cash, in one or more transactions, all or any portion of the Shares Common Units held by such Coinvest Management Shareholder Member (the “Equity Call Option” and such Shares Common Units subject to the Equity Call Option, the “Call Equity Securities”) at the Equity Call Purchase Price.
Appears in 1 contract
Samples: Limited Liability Company Agreement (South Texas Supply Company, Inc.)
