Right to Repurchase Shares. The Company shall have the right (the “Purchase Right”), but not the obligation, to purchase any Shares acquired upon exercise of this Option if any of the following events occurs (the date of such event, a “Trigger Date”): (i) your termination of employment or service from the Company and its affiliates by the Company for Cause (defined hereafter) or your resignation without Good Reason (defined hereafter), or (ii) the issuance of any Shares following your termination of employment or service from the Company and its affiliates pursuant to the terms of this Option, such as upon the exercise of the Option following termination of employment or services for Cause or without Good Reason. The purchase price for the Shares subject to such Purchase Right shall be the fair market value of the Shares on the applicable Trigger Date. The Company may exercise its Purchase Right by giving written notice thereof to you within thirty (30) days after the Trigger Date (the thirty (30) day period in each case, the “Call Period”) of the number of Shares with respect to which the Purchase Right is being exercised. The Company shall promptly determine the Purchase Price for the Shares subject to the Purchase Right and shall notify you of such determination. The Company may elect to pay all or any portion of such Purchase Price in cash; provided that if the Company does not elect to pay the entire Purchase Price in cash, the Company shall, at a minimum, pay at least ten percent (10%) of the Purchase Price in cash, and shall deliver a promissory note with a principal amount equal to the remainder of the Purchase Price, which promissory note shall provide that: (i) the principal shall be paid in no more than five (5) equal annual installments commencing one (1) year from the delivery of such promissory note, (ii) interest on the unpaid principal amount shall accrue at an annual rate equal to the prime interest rate interest charged by the principal bank with which the Company conducts business as determined on the date the promissory note is issued, and shall be payable together with and in addition to each principal payment, and (iii) the Company shall have the right, without penalty, to prepay all or any portion of the principal and accrued interest owing thereunder at any time. Upon the delivery of the payment and/or the promissory note described herein by the Company, you shall take all actions necessary, and execute all related documents specified by the Company as being r...
Right to Repurchase Shares. In the event that one or more of the following events should occur before the Restricted Shares become fully vested under Section 3 of this Agreement, the Key Employee (or his successor 128 interest) shall be deemed to have made an offer to sell any Restricted Shares which have not been forfeited under Section 5 above to the Corporation at their current “fair market value” (as this term is defined in below).
Right to Repurchase Shares. (a) In the event of a Change of Control of PC or the existence of an FCB Event, FCB shall have the right to repurchase from PC or any PC Controlled Corporation then owning such shares all but not part of the FCB Voting Stock then owned by PC or such Controlled Corporation for a payment equal to the Market Price thereof consisting (in FCB's discretion) of cash and/or FCB's PC Common Shares in accordance with Section 4.5. PC hereby agrees to inform FCB immediately following the commencement of
Right to Repurchase Shares. (a) In the event of a Change of Control of FCB or the existence of a PC Event, so long as no Change of Control of PC shall have occurred, PSA shall have the right to repurchase from FCB or any FCB Controlled Corporation then owning such shares all but no part of the shares of capital stock of PC then owned by FCB or such Controlled Corporation for a payment equal to the Market Price thereof consisting (in PSA's discretion) of cash and/or PC's FCB Voting Stock in accordance with Section 5.5. FCB hereby agrees to inform PSA and PC immediately following the commencement of any Change of Control of FCB or any PC Event. PSA's rights hereunder shall expire twelve months after the receipt by PSA of such notice from FCB.
Right to Repurchase Shares. Citadel hereby grants to Intelect the right and option, by written notice to each Citadel Entity and the Transfer Agent (the "Repurchase Notice"), from time to time to repurchase any Converted Shares or Exchanged Shares owned by Citadel at the time of such Repurchase Notice on the following terms and conditions:
Right to Repurchase Shares. Angelo Gordon hereby grants to Intelect the right and option, upon fixx xxxx xxxxxen notice to each Angelo Gordon Entity and the Transfer Agent (the "Repurchase Notice"), xxxx xxxx xo time during the 120 calendar days following execution of this Agreement, to repurchase any Converted Shares or Remainder Shares owned by Angelo Gordon at the time of such Repurchase Notice on the following xxxxx xxx xxxditions:
Right to Repurchase Shares. Promethean hereby grants to Intelect the right and option, upon five days written notice to each Promethean Entity and the Transfer Agent (the "Repurchase Notice"), from time to time during the 120 calendar days following execution of this Agreement, to repurchase any Converted Shares or Remainder Shares owned by Promethean at the time of such Repurchase Notice on the following terms and conditions:
Right to Repurchase Shares. If the Employee’s employment with the Company or any Subsidiary terminates for any reason other than a Special Termination prior to a Public Offering, the Company may elect to purchase all or any portion of the Employee’s vested Restricted Shares by written notice to the Employee delivered on or before the 60th day after the Determination Date. The Sponsors may elect to purchase all or any portion of such Restricted Shares that the Company has not elected to purchase by written notice to the Employee delivered at any time on or before the 80th day after the Determination Date.
Right to Repurchase Shares. Upon the closing of the Transaction contemplated herein, the Buyer shall have the right, until September 3, 2001, to repurchase all of the Shares. This right of repurchase may be exercised at any time for no less than fifty percent (50%) of the Shares owned by the Seller. The purchase price for all of the Shares, which shall be adjusted on a pro rata basis if less than all of the Shares are purchased, shall be (i) the greater of Eleven United States Cents per Share (US $0.11) or (ii) the price equal to the closing price per share of Common Stock (as officially reported by the NASD Over-the-Counter Bulletin Board, or the principal securities exchange on which the Common Stock is listed or admitted to trading) as of the date of repurchase.
Right to Repurchase Shares. The parties acknowledge that, pursuant to and in accordance with the terms of the Escrow Agreement, the Shares will be held in escrow by the Escrow Agent and will be released from escrow from time to time during the period (the "Escrow Period") commencing on the date hereof and ending two years from the date, if any, on which the Company completes its acquisition (the "WSS Acquisition") of all the issued and outstanding shares of Wall Street Strategies, Inc., a Delaware corporation, ("WSS") from WSS's sole shareholder, Xxxxxxx X. Xxxxx ("Xxxxx").
