Company Option to Purchase. In the event that for any reason -------------------------- whatsoever (a) Singh's employment with the Company is terminated, with or without cause, by the Company or by Singh, or Singh otherwise is no longer employed by the Company, or (b) Singh becomes and remains "Disabled" (as defined in Section 9.4 below) for a consecutive period of sixty (60) days or for nonconsecutive periods aggregating one hundred and twenty (120) days ("Disability Period"), and Singh's employment with the Company is terminated by the Company pursuant to Section 7.4 of the Singh Employment Agreement, or (c) Singh's employment with the Company is terminated because of the death of Singh, then the Company shall have the first option to purchase all or any portion of Singh's Shares ("Article 9 Shares") from Singh or Singh's estate, executor, administrator or guardian, as applicable ("Article 9
Company Option to Purchase. (a) Subject to Section 6(a) of this Article V, the Company shall have the first option to purchase all or any part of the Offered Shares for the consideration per share and on the terms and conditions specified in the Notice. The Company must exercise such option, no later than thirty (30) days after such Notice is deemed under Section 6 of Article VII to have been delivered to it, by written notice to the Selling Founder.
Company Option to Purchase. For 20 days following delivery of the Disposition Notice to the Company, the Company shall have the option to purchase the Offered Shares. The purchase price and terms on which Company may purchase the Offered Shares shall be the price and financial terms stated in the Disposition Notice. If the Company exercises the option within the 20-day period, as to all or part of the Offered Shares, the secretary of the Company shall give notice of that fact to the Offering Shareholder. Notwithstanding the foregoing, the ability of the Company to purchase Shares pursuant to this Agreement shall be subject to the restrictions governing the rights of a Company to purchase its own stock as contained in the Delaware General Corporation Law, and any restrictions under an agreement with the Company’s lenders, to which the Company is now or hereafter may become subject.
Company Option to Purchase. If (a) a petition in bankruptcy is -------------------------- filed by or against any Shareholder, or (b) any Shareholder elects to dissolve, or (c) control, directly or indirectly, either through stock ownership, by contract or otherwise, of any Shareholder is acquired by a Company Competitor or a KFI Competitor, or (d) five percent (5%) or more of the voting power of a Shareholder is acquired, directly or indirectly, by a Company Competitor or a KFI Competitor (such Shareholder being referred to herein as the "Article 8 Shareholder"), then the Company shall have the first option to purchase all or any portion of the Article 8 Shareholder's Shares ("Article 8 Shares") from the Article 8 Shareholder or other person who would otherwise acquire such Shares (referred to herein as the "Article 8 Shareholder's Successor"). Such option shall be exercisable by the Company during the thirty (30) day period following the date on which the applicable event referred to in subparagraphs (a) through (d) above occurs and must be exercised, if at all, by giving written notice of exercise to such Article 8 Shareholder or such Article 8 Shareholder's Successor prior to the expiration of said thirty (30) day period. If the Company duly exercises such option, then the Article 8 Shareholder or the Article 8 Shareholder's Successor shall be required to sell such Article 8 Shares to the Company for the purchase price specified in Article 10 and such purchase price shall be paid in the manner provided for in Article 11 hereof.
Company Option to Purchase. Within sixty (60) days of the Corporation’s receipt of the Shareholder’s Notice, the Corporation (or the Corporation’s designee) may exercise an option to purchase all or any portion of the Shares proposed to be transferred for the sales price thereof as set forth in the notice, and upon the other terms hereinafter provided.
Company Option to Purchase. If a Member wishes to Transfer any or all of the Member’s Membership Interest in the Company pursuant to a Bona Fide Offer (as defined below), such Member (the “Transferring Member”) shall give Notice to all other Members at least thirty (30) days in advance of the proposed Transfer, indicating the terms of the Bona Fide Offer and the identity of the offeror. The Company and the other Members shall have the option to purchase the Membership Interest proposed to be transferred at the price and on the terms provided in this Agreement. If the price for the Membership Interest is other than cash, the fair value in dollars of the price shall be as established in good faith by the Company. For purposes of this Agreement, “Bona Fide Offer” means an offer in writing setting forth all relevant terms and conditions of purchase from an offeror who is ready, willing, and able to consummate the purchase and who is not an Affiliate of the Transferring Member. For thirty (30) days after the Notice is given, the Company shall have the right to purchase the Membership Interest offered, on the terms stated in the Notice, for the price stated in the Notice (or the price plus the dollar value of noncash consideration, as the case may be).
Company Option to Purchase. The Company shall first have the right to elect to redeem the Option Units (subject to applicable law or restrictions regarding such redemption) during the period (the "Company Option Period") beginning on the later of (i) the day on which the Company received actual notice, in writing, of the Transfer or (ii) the day on which the Company obtains written confirmation from the transferee of the Option Units that a Transfer has occurred (the "Transfer Notice") and ending on the later of (x) one (1) year after the Transfer Notice or (y) thirty (30) days after receipt of the "Appraised Value" (as defined herein) from the "Appraiser" (as defined herein).
Company Option to Purchase. For a period of ten (10) Business Days after receipt of the Transfer Notice and the certificate referred to in Section 4.1(b), the Company shall have the option to purchase all or any portion of the Transferred Company Securities on the terms contained in the Transfer Notice; provided, that the Company shall not have the right to purchase less than all of the Transferred Company Securities unless (i) the Investor Stockholders elect to purchase all of the remaining Transferred Company Securities pursuant to Section 4.1(d) or (ii) the Transferor Stockholder consents to the purchase of less than all of the Transferred Company Securities. The Company’s option to purchase the Transferred Company Securities hereunder shall be exercisable by delivering written notice to such effect, prior to the expiration of such ten (10) Business Day option period, to the Transferor Stockholder and each of the Investor Stockholders. The failure of the Company to exercise its option under this Section 4.1(c) within such ten (10) Business Day option period shall be deemed to be an election by the Company not to purchase the Transferred Company Securities.
Company Option to Purchase. On or before (*), the Company may elect to both purchase the Maintained Patents from Stockholder, and Stockholder shall transfer and assign all right, title and interest to certain of the Maintained Patents to the Company, and to buy out and thereby cancel the Stockholder Option upon payment to Stockholder of (*) in immediately available funds (the "Purchaser Option"). The obligation of the Purchaser to pay running royalties pursuant to Section 1(c) herein shall remain *Confidential treatment has been or will be timely requested for a portion of this document. in effect pursuant to its terms and shall not be affected by the exercise or expiration of the Purchaser Option.
Company Option to Purchase. (a) At all times beginning on the date of the Original Agreement and ending on the earlier of (i) April 16, 2016 and (ii) the first date that none of the KSA Group is a 10% or more Beneficial Owner (as defined in the Amended and Restated Rights Agreement, dated as of March 28, 2014, by and between the Company and American Stock Transfer & Trust Company, LLC, as amended from time to time (the “Amended and Restated Rights Agreement”)) of the Common Stock based on the then-total outstanding shares of Common Stock (the “Option Period”), the Company shall have the right, but not the obligation (the “Option”), to purchase shares of Common Stock owned by any of the KSA Group at a purchase price equal to a 1% discount to the closing trading price of the Common Stock on Nasdaq (or other primary national securities exchange that lists the Company’s shares of Common Stock, or if none, as quoted on a quotation system) as of the most recently completed business day (in aggregate, the “Option Purchase Price”).
