Common use of Payment and Redelivery of Option or Shares Clause in Contracts

Payment and Redelivery of Option or Shares. In the event Parent exercises its rights under Section 6(a), the Company will, within five business days after Parent delivers notice pursuant to Section 6(a), pay the required amount to Parent in immediately available funds and Parent will surrender to the Company the Option and the certificates evidencing the Company Shares purchased by Parent pursuant thereto.

Appears in 7 contracts

Samples: Stock Option Agreement (Informix Corp), Form of Stock Option Agreement (Harbinger Corp), Stock Option Agreement (Forte Software Inc \De\)

AutoNDA by SimpleDocs

Payment and Redelivery of Option or Shares. In the event Parent exercises its rights under Section 6(a)6, the Company will, within five (5) business days after Parent delivers notice pursuant to Section 6(a)6, pay the required amount to Parent in immediately available funds and Parent will surrender to the Company the Option and the certificates evidencing the Company Shares purchased by Parent pursuant thereto.

Appears in 5 contracts

Samples: Agreement and Plan of Reorganization (HMT Technology Corp), Agreement and Plan of Reorganization (Komag Inc /De/), Agreement and Plan of Reorganization (Komag Inc /De/)

Payment and Redelivery of Option or Shares. In the event Parent the Company exercises its rights under Section 6(a)6, the Company Parent will, within five (5) business days after Parent the Company delivers notice pursuant to Section 6(a)6, pay the required amount to Parent the Company in immediately available funds and Parent the Company will surrender to the Company Parent the Option and the certificates evidencing the Company Parent Shares purchased by Parent the Company pursuant thereto.

Appears in 5 contracts

Samples: Agreement and Plan of Reorganization (HMT Technology Corp), Agreement and Plan of Reorganization (Komag Inc /De/), Agreement and Plan of Reorganization (Komag Inc /De/)

Payment and Redelivery of Option or Shares. In the event Parent exercises its rights under Section 6(a7(a), the Company will, within five business days after Parent delivers notice pursuant to Section 6(a7(a), pay the required amount to Parent in immediately available funds and Parent will surrender to the Company the Option and the certificates evidencing the Company Shares purchased by Parent pursuant thereto.

Appears in 1 contract

Samples: Stock Option Agreement (Proxim Inc /De/)

Payment and Redelivery of Option or Shares. In the event Parent exercises its rights under Section 6(a)7(a) by delivery of a Put Notice, the Company will, within five (5) business days after Parent delivers notice pursuant to Section 6(a)such notice, pay the required amount to Parent in immediately available funds and Parent will surrender to the Company all or such portion of the Option with respect to which the Put Notice relates and the certificates evidencing the Company Shares purchased by Parent pursuant theretoto such Put Notice.

Appears in 1 contract

Samples: Option Agreement (Go2net Inc)

AutoNDA by SimpleDocs

Payment and Redelivery of Option or Shares. In the event Parent exercises its it rights under Section 6(a), the Company will, within five business days after Parent delivers notice pursuant to Section 6(a), pay the required amount to Parent in immediately available funds and Parent will surrender to the Company the Option and the certificates evidencing the Company Shares purchased by Parent pursuant thereto.

Appears in 1 contract

Samples: Voting Agreement (Peregrine Systems Inc)

Payment and Redelivery of Option or Shares. In the event Parent exercises its rights under Section 6(a)7(a) , the Company will, within five business days after Parent delivers notice pursuant to Section 6(a7(a), pay the required amount to Parent in immediately available funds and Parent will surrender to the Company the Option and the certificates evidencing the Company Shares purchased by Parent pursuant thereto.

Appears in 1 contract

Samples: Stock Option Agreement (Proxim Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.