Common use of First Refusal Clause in Contracts

First Refusal. (a) If the Grantee desires to sell, assign, transfer or otherwise dispose of all or any of the shares of Issuer Common Stock or other securities acquired by it pursuant to the exercise of the Option, it will give the Issuer written notice of the proposed transaction (the "Offeror's Notice"), ---------------- identifying the proposed transferee, the proposed purchase price and the terms of such proposed transaction. For 10 business days following receipt of such notice, the Issuer shall have the option to elect by written notice to purchase all, but not less than all, of the shares specified in Offeror's Notice at the price and upon the terms set forth in such notice.

Appears in 3 contracts

Samples: Stock Option Agreement (Western Multiplex Corp), 3 Stock Option Agreement (Adaptive Broadband Corp), 2 Stock Option Agreement (Adaptive Broadband Corp)

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First Refusal. (a) If the Grantee desires to sell, assign, transfer or otherwise dispose of all or any of the shares of Issuer Common Stock or other securities acquired by it pursuant to the exercise of the Option, it will give the Issuer written notice of the proposed transaction (the "Offeror's Notice"), ---------------- identifying the proposed transferee, the proposed purchase price and the terms of such proposed transaction. For 10 ten business days following receipt of such notice, the Issuer shall have the option to elect by written notice to purchase all, but not less than all, of the shares Issuer Common Stock or other securities specified in Offeror's Notice at the price and upon the terms set forth froth in such notice.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Dallas Semiconductor Corp), Stock Option Agreement (Dallas Semiconductor Corp), Agreement and Plan of Merger (Maxim Integrated Products Inc)

First Refusal. (a) If the Grantee desires to sell, assign, transfer or otherwise dispose of all or any of the shares of Issuer Common Stock or other securities acquired by it pursuant to the exercise of the Option, it will give the Issuer written notice of the proposed transaction (the "Offeror's Notice"), ---------------- identifying --------- ------ the proposed transferee, the proposed purchase price and the terms of such proposed transaction. For 10 business days following receipt of such notice, the Issuer shall have the option to elect by written notice to purchase all, but not less than all, of the shares specified in Offeror's Notice at the price and upon the terms set forth in such notice.

Appears in 1 contract

Samples: Stock Option Agreement (Western Multiplex Corp)

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First Refusal. (a) If the Grantee desires to sell, assign, transfer or otherwise dispose of all or any of the shares of Issuer Company Common Stock or other securities acquired by it pursuant to the exercise of the Option, it will give the Issuer Company written notice of the proposed transaction (the "Offeror's Notice"), ---------------- identifying the proposed transferee, the proposed purchase price and the terms of such proposed transaction. For 10 business days following receipt of such notice, the Issuer Company shall have the option to elect by written notice to purchase all, but not less than all, of the shares specified in Offeror's Notice at the price and upon the terms set forth in such notice.

Appears in 1 contract

Samples: Stock Option Agreement (Broadvision Inc)

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