Remaining Shareholders' Obligation Sample Clauses

Remaining Shareholders' Obligation. To the extent that the Corporation does not purchase all of the Stock of the Deceased Shareholder, the remaining Shareholders shall purchase from the Deceased Shareholder or his estate, and from the Permitted Transferees of the Deceased Shareholder, and the Deceased Shareholder, his estate and the Permitted Transferee's thereof shall sell to the remaining Shareholders, all shares of Stock held by them on the same price and terms as were available to the Corporation in Section 2.1(a). Such Stock may be purchased in such proportion as the Shareholders may agree among themselves or, in the absence of an agreement, in the same proportion in which the Stock owned by each of the Shareholders bears to all of the Stock held by all of the Shareholders, excluding the Stock owned by the Deceased Shareholder, his estate and the Permitted Transferees.
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