Share Surrender. With the consent of the Administrator, surrender of other shares of Stock which (i) in the case of shares of Stock acquired from the Company, have been owned by the Participant for more than six (6) months on the date of surrender (or such other minimum length of time as the Administrator determines from time to time to be necessary to avoid adverse accounting consequences or violation of any applicable law, rule or regulation), and (ii) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the shares of Stock with respect to which the Option or portion thereof is being exercised; or
Share Surrender. With the consent of the Committee, surrender of other Shares which (i) in the case of Shares acquired from the Company, have been owned by the Participant for more than six (6) months on the date of surrender (or such other minimum length of time as the Committee determines from time to time to be necessary to avoid adverse accounting consequences or violation of any applicable law, rule or regulation), and (ii) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares with respect to which the Option or portion thereof is being exercised; or
Share Surrender. Effective as of and conditioned upon the Closing, Sponsors shall irrevocably forfeit and surrender to the Company, for no consideration, a number of Class B Shares set forth on Schedule I hereto (the “Transfer Shares”), which Transfer Shares shall thereupon be cancelled by the Company and no longer outstanding.
Share Surrender. (a) The Company’s revenues are derived from service contracts that require the payment of an initial installation fee plus recurring service fees at rates set forth in the contracts. At a given time, the “Annualized Contract Revenue” consists of the total fees required to be paid to the Company under all its service contracts then in effect for the 12 months immediately following, and assuming that the contracts will remain in full force and effect and are fully paid without set-off or discount throughout the 12-month period. A contract not in writing shall not be counted unless such contract shall have been in effect for at least one year.
Share Surrender. The Company Shareholders shall, upon the execution of this Agreement and for no additional consideration, each surrender to the Company the number of shares of Company common stock set forth opposite their respective names below, with stock powers duly endorsed (with signatures medallion guaranteed) in favor of the Company: Xxxxxx Services, Inc. 600,778 shares Xxxxxx X. Xxxxxxx 233,111 shares Xxxxxx X. Xxxxxx 258,111 shares Xxxxx Xxxxxxx 583,604 shares Total 1,675,604 shares Execution Copy Certificates (along with stock powers with signatures medallion guaranteed) evidencing the shares to be surrendered shall be delivered to the Company’s counsel (The Nossiff Law Firm, LLP, 000 Xxxxxxxxxx Xx., Xx. 000, Xxxxxxx, XX, 00000). Company counsel will provide any particular instructions required by the transfer agent to Xxxxxxx Xxxxxxxxxx (counsel to the Company Shareholders) so that the shares can be returned to the status of issued and unauthorized shares. The Company shall cause any balance certificates to be issued according to instructions given by the surrendering shareholder within 21 days of receipt. The Company will pay applicable transfer agent fees. The 1,675,604 shares being surrendered hereunder reflects the agreement of the parties that 1,775,604 shares were to be surrendered (leaving the Company shareholders with 500,000 shares) and 100,000 new shares were to have been issued, so that the Company Shareholders would own an aggregate of 600,000 shares.
Share Surrender. ROC hereby transfers, assigns and surrenders to TPCO 4,865,939 shares of common stock of TPCO held by ROC (the “Common Stock”), and TPCO hereby accepts such surrender. ROC will receive no payment for the surrendered Common Stock.
Share Surrender. Upon exercise of the PCG Option, Xxxxxxx agrees to surrender to ReposiTrak for cancellation on the books and records of ReposiTrak one hundred thirty two thousand (132,000) of the Shares owned by it. Xxxxxxx agrees to execute and deliver such further instruments or documents as may be necessary or convenient to carry out such transaction, and hereby irrevocably appoints PCG as its proxy to assure compliance with the terms of this Section 4, with full power of substitution and revocation. ReposiTrak and Xxxxxxx each represent and warrant that Xxxxxxx shall, immediately following the surrender of its Shares under the terms of this Section 4, and assuming only the exercise of the PCG Option and the option granted to PCG under the terms of the Original Note, beneficially own approximately 17% of the Shares.
Share Surrender. With the consent of the Administrator, surrender of other shares of Stock which (i) in the case of shares of Stock acquired from the Company, have been owned by the Participant for more than six
Share Surrender
