Common use of Price for Involuntary Transfer Clause in Contracts

Price for Involuntary Transfer. With respect to any stock to be ------------------------------ transferred pursuant to Section 3(c), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify Purchaser or his or her executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. The decision of the Board of Directors as to the purchase price shall be final.

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Pilot Network Services Inc), Restricted Stock Purchase Agreement (Pilot Network Services Inc)

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Price for Involuntary Transfer. With respect to any stock to be ------------------------------ transferred pursuant to Section 3(cparagraph 3(b), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify Purchaser or his or her Purchaser's executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. The decision of the Board of Directors as to the purchase price shall be final.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Dunn Jeffrey W)

Price for Involuntary Transfer. With respect to any stock to be ------------------------------ transferred pursuant to Section 3(c), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify Purchaser or his or her executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. The decision of the Board of Directors as to the purchase price shall be final.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Ribogene Inc / Ca/)

Price for Involuntary Transfer. With respect to any stock to be ------------------------------ transferred pursuant to Section 3(c3(d), the price per Share shall be a price set in good faith by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify the Purchaser or his or her the Purchaser's executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. The decision of the Board of Directors as to the purchase price shall be final.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Foundry Networks Inc)

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Price for Involuntary Transfer. With respect to any stock Securities to be ------------------------------ transferred pursuant to Section 3(cthe above subsection (b)(i), the price per Share share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock Securities in terms of present earnings and future prospects of the Company. The Company shall notify Purchaser me or his or her my executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. The decision of the Board of Directors as to the purchase price shall be finalSecurities.

Appears in 1 contract

Samples: Excite Inc

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