Common use of Put Procedures Clause in Contracts

Put Procedures. The Put Right is exercisable by the holder(s) of the Executive Stock delivering written notice (the "Put Notice") to the Company during the period beginning on the date 30 days after the Termination Date and ending of the date 90 days after the Termination Date. The Put Notice will set forth the number of shares of each class of Executive Stock to be sold by the holder(s).

Appears in 4 contracts

Sources: Executive Stock and Option Agreement (Bedding Experts Inc), Executive Stock and Option Agreement (Bedding Experts Inc), Executive Stock and Option Agreement (Bedding Experts Inc)