Common use of Involuntary Disposition Clause in Contracts

Involuntary Disposition. Prior to or upon any involuntary Disposition of Stock, the Shareholder who owns such Stock or his representative shall send written notice thereof by certified or registered mail, return receipt requested, disclosing in full to the Company and the other Shareholders the nature and details of such involuntary Disposition, and the provisions of Paragraph 2(c) through 2(g) shall apply; provided that the option of the Company pursuant to Paragraph 2(c) shall be for ninety (90) days from the later of such involuntary Disposition or the sending of such notice.

Involuntary Disposition. Prior to or upon any involuntary Disposition of StockShares (as provided for in SECTIONS 2.4 AND 2.5), the Shareholder who owns such Stock Shares, or his representative representative, shall send written notice thereof by certified or registered mail, return receipt requestedthereof, disclosing in full to the Company and the other Shareholders the nature and details of such involuntary Disposition, . An involuntary Disposition shall constitute an Offer and the provisions of Paragraph 2(c) through 2(g) SECTION 2.2 hereof shall apply; provided that the option of the Company pursuant to Paragraph 2(cSECTION 2.2(C) shall be for ninety (90) 90 days from the later of such involuntary Disposition or the sending of such notice.