Common use of Rights of the Investors Clause in Contracts

Rights of the Investors. (i) If for any reason the Company does not elect to purchase all of the Executive Stock pursuant to the Repurchase Option, the Investors will be entitled to exercise the Repurchase Option, in the manner set forth in this Section 8, for all or any portion of the shares of Executive Stock which the Company has not elected to purchase (the "Available Shares"). As soon as ---------------- practicable after the Company determines that there will be any Available Shares, but in any event upon the earlier of (A) the delivery of the Repurchase Notice and (B) six months after the termination of Executive's employment with the Company, the Company will deliver written notice (the "Option Notice") to ------------- the Investors, setting forth the number of each class and type of Available Shares and the price for each Available Share.

Appears in 2 contracts

Samples: Executive Agreement (Etesting Labs Inc), Executive Agreement (Etesting Labs Inc)

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Rights of the Investors. (i1) If for any reason the Company does not elect to purchase all of the Executive Stock pursuant to the Repurchase Option, the Investors will be entitled to exercise the Repurchase Option, in the manner set forth in this Section 8, for all or any portion of the shares of Executive Stock which the Company has not elected to purchase (the "Available Shares"). As soon as ---------------- practicable after the Company determines that there will be any Available Shares, but in any event upon the earlier of (A) the delivery of the Repurchase Notice and (B) six months after the termination of Executive's employment with the Company, the Company will deliver written notice (the "Option Notice") to ------------- the Investors, ------------- setting forth the number of each class and type of Available Shares and the price for each Available Share.

Appears in 1 contract

Samples: Executive Agreement (Ziff Davis Media Inc)

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Rights of the Investors. (i) If for any reason the Company does not elect to purchase all of the Executive Stock Unvested Shares pursuant to the Repurchase Option, the Investors will be entitled to exercise the Repurchase Option, in the manner set forth in this Section 8, for all or any portion of the shares of Executive Stock Unvested Shares which the Company has not elected to purchase (the "Available Shares"). As soon as ---------------- practicable after ---------------- the Company determines that there will be any Available Shares, but in any event upon the earlier of (A) the delivery of the Repurchase Notice and (B) six months after the termination of Executive's employment with the Company, the Company will deliver written notice (the "Option Notice") to ------------- the Investors, setting ------------- forth the number of each class and type of Available Shares and the price for each Available Share.

Appears in 1 contract

Samples: Executive Agreement (Etesting Labs Inc)

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