Option to Company. The Company shall have the exclusive right during the period of twenty (20) days following receipt of such notice to elect to purchase any or all of the Offered Stock proposed to be sold in accordance with the Offer Terms and Section 2.2(f); provided, however, that, as set forth in Section 2.2(e), an election by the Company to purchase less than all of the Offered Stock shall not be effective unless the option in Section 2.2(d) is exercised as to all of the Offered Stock not elected to be purchased by the Company under this Section 2.2(c).
Option to Company. The Company may elect within the first twenty (20) days of the Notice Period to purchase some or all of the Units proposed to be Transferred by the Disposing Member at the proposed price as contained in the Disposition Notice. The terms and conditions of the purchase by the Company shall be the terms and conditions of the proposed Transfer as set forth in the Disposition Notice. Any purchase by the Company shall be made in cash within the first twenty-five (25) days of the Notice Period.
Option to Company. The Company may elect with Majority Vote of the Managers within the first sixty (60) days of the Notice Period, to purchase some or all of the Units proposed to be transferred by the Disposing Member at the proposed price as contained in the Disposition Notice. The terms and conditions of the purchase by the Company shall be the terms and conditions of the proposed Transfer as set forth in the Disposition Notice. Any purchase by the Company shall be made in cash any day between and including the ninety-first (91st) and including the one hundredth (100th) day of the Notice Period.
Option to Company. (a) Except as provided in Section 2, no Shareholder shall sell, transfer, assign, or in any other way alienate any of his or its Shares or any right or interest therein, whether voluntarily or involuntarily or by operation of law, without the prior written consent of the Company and a majority of the other Shareholders, unless such Shareholder (the "Offering Shareholder") shall first have given written notice (the "Transfer Notice") by hand delivery or certified mail to the Company of his or its intention to do so. The Transfer Notice must name the proposed transferee, specify the number of Shares to be transferred (the "Offered Shares"), the price per Share, and the terms of payment, together with a copy of any written instrument or agreement involved. The notice must be given to an officer of the Company other than the Offering Shareholder. Within 20 days after receipt of the Transfer Notice, a meeting of the board of directors of the Company shall be held for the purpose of considering the proposed transfer. If the Offering Shareholder is a director of the Company, he shall not vote at the meeting, or if his vote is required to achieve a valid board of directors action, he shall vote in accordance with the majority of the other directors. For the 30 days immediately following the receipt of the Transfer Notice, the Company shall have the option to purchase the Offered Shares at the price and terms stated in the Transfer Notice. If part or all of the consideration to be paid for the Offered Shares as stated in the Transfer Notice is other than cash, the price stated in the Transfer Notice shall be deemed to be the sum of the cash consideration, if any, specified in the Transfer Notice plus the fair market value of the non-cash consideration, which shall be as determined by the board of directors in good faith.
Option to Company. If such Shareholder does not exercise his or her option to purchase all of the Shares as set forth above, he or she shall notify the Company within such 30-day period. For a period of fifteen (15) days following receipt of such notice (or for a period of fifteen (15) days following the failure or termination of any unsuccessful attempt to exercise), the Company shall have the option to purchase any of the Shares not purchased by such Shareholder at the price and in the manner provided for in Sections 6 and 7, exercisable by delivery of written notice of such exercise to such third person, such spouse, or the legal representative of such spouse's estate. The right of the Company to purchase the Shares shall not be conditioned upon its receipt of notice from such Shareholder as provided in this Section 5.2, but shall be subject to the restrictions governing the right of a corporation to purchase its own stock and such other pertinent legal restrictions as are now or may hereafter become effective.
Option to Company. The Company shall have the option to purchase all or any portion of the Selling Member’s Membership Shares so offered (the “Offered Shares”) for the Offer Price and on the Offer Terms. The option may be exercised by giving notice thereof to the Selling Member and the Non-Selling Members the (“Company’s Notice”) within sixty (60) days after the Notice.
Option to Company. The Company shall have an Option to acquire an additional 3000 shares of New Entity's Nonvoting Common Stock at any time prior to October 31, 2017 for a price of $ 3.30 per share or an aggregate of $9,900. The option may be exercised from time to time upon written notice as provided herein accompanied by payment. The certificate for shares shall be issued five business days after notice
Option to Company. The Company shall have the option exercisable ----------------- by written notice to Sublicensee at any time during the term hereof to enter into a license or sublicense agreement, as the case may be, with Sublicensee and/or its affiliates with respect to any technology which Sublicensee and/or its affiliates license or sublicense to third parties as part of an established licensing or sublicensing program on terms and conditions no less favorable to the Company than to such third parties. Such programs currently include programs relating to Sublicensee's and/or its affiliates PCR technology, DNA synthesis technology and DNA sequencing technology. Sublicensee shall use good faith efforts to cause such license or sublicense agreement to be entered into as promptly as commercially practicable after delivery of such exercise notice by the Company.
Option to Company. The Company shall have the right to elect to purchase any or all of the shares which are the subject of a Mandatory Offer or Notice (the "shares offered") for the price and on the terms set forth in this Agreement. This option shall expire sixty (60) days after receiving a Mandatory Offer or Notice or sixty (60) days after termination of Share- holder's employment, whichever is applicable.
Option to Company. The Company shall have the first right and option to purchase all (but not less than all) of the Offered Member Interest (“First Option”) at the same price and on the same terms and conditions as set forth in the Offer. This First Option shall be exercisable by the Company by written notice to the Selling Member and to the Other Members (“Notice of Company Exercise”) within thirty (30) days following the Company’s receipt of the Notice of Proposed Sale. If the Company timely exercises this First Option, the Company shall have the greater of: (i) sixty (60) days from the date of Notice of Company Exercise; or (ii) the time period specified in the Offer, to close on the purchase of the Offered Member Interest. The Company’s exercise of the First Option shall require the affirmative vote of All Members (excluding the Member that owns the Offered Member Interest).
