Examples of Management Holder in a sentence
Each Management Holder hereby agrees to be bound by and to act in accordance with the Policies.
The Company shall have the right to record such purchase on its books and records without the consent of the Management Holder.
Concurrently with any such purchase of Call Securities by any such Designated Employee, such Designated Employee shall execute a counterpart of this Agreement whereupon such Designated Employee shall be deemed a "Management Holder" and shall have the same rights and be bound by the same obligations as the other Management Holders hereunder.
Each Non-Initiating Management Holder shall, within 30 days after the receipt of the Put Notice by it, notify the Company if such Non-Initiating Management Holder wishes to purchase all or any portion of its pro rata share of the Put Securities at the Put Price.
If the Company is unable pursuant to the foregoing provisions of this Section 2.3(e) to purchase for cash any Put Securities from any terminated Management Holder or his direct or indirect transferees, the purchase price therefor shall be paid by delivery of a subordinated promissory note (each a "Promissory Note") substantially in the form attached hereto as Exhibit B in an original principal amount equal to the purchase price of such Put Securities not so paid in cash.