Redemption Option. The Company shall have the right and option, upon 30 days' prior written notice to each Registered Holder, to, at any time thereafter, call, redeem and acquire all or a portion of the Series A Warrants which remain outstanding and unexercised at the date fixed for redemption (the "Series A Warrant Redemption Date") at a price of $.01 per Series A Warrant if, and only if, the average of the closing bid and closing asked price per share of the Common Stock for each of the 20 consecutive trading days immediately prior to the mailing of said notification, and for each day thereafter until the Series A Warrant Redemption Date shall have exceeded 133.3% of the then Exercise Price. The Series A Warrant Holders shall in all events have the right during the period immediately following the date of such notice and prior to the Series A Warrant Redemption Date to exercise the Series A Warrants in accordance with the provisions of Section 3 hereof. No call for redemption and no redemption of the Series A Warrants shall be made unless the Company shall have an effective registration statement under the Act on file during such period from the date of mailing of the notice of redemption through the applicable redemption date with the Commission and all applicable state securities commissions relating to the Common Stock and the Warrant Shares, except that this obligation, as it relates to the Warrant Shares or Common Stock, may be satisfied if such Warrant Shares or Common Stock, respectively, may be transferred publicly in accordance with Rule 144 or otherwise without registration under the Act. In the event that any Series A Warrants are exercised following notice but prior to redemption, this call option shall be deemed not to have been exercised by the Company as to the Series A Warrants so exercised. The redemption notice shall require each Warrant Holder to surrender the Series A Warrants on or before the Redemption Date in accordance with the provisions of the redemption notice. In the event the Series A Warrant Certificates representing the Series A Warrants called for redemption have not been surrendered for redemption and cancellation on the applicable redemption date, such Series A Warrants shall be deemed to have expired and all rights of the holders of such unsurrendered Series A Warrants shall cease and terminate, other than the right to receive the redemption price without interest; provided, however, that such right to receive the redemption price shall i...
Redemption Option. Upon the satisfaction of the Redemption Conditions, the Company may, at the option of its Board of Directors at any time following the Final Closing redeem all (but not less than all) of the Warrants, out of funds legally available therefor by paying the Redemption Price (as hereafter defined) in cash for each Warrant then redeemed.
Redemption Option. If the Amendment has not become effective within six months of the date hereof, in lieu of the exercising this Warrant pursuant to Section 2.1 or 2.2, the Holder may require the Company to redeem all or some of the Warrant for an amount equal to the value of the amount of the Warrant being redeemed. If the Holder elects to require redemption of this Warrant as provided in this Section 2.3, the Holder shall tender to the Company the Warrant with written notice of the Holder's election, and the Company shall purchase from the Holder such portion of the Warrant as is specified by the Holder for the price computed as of the date of surrender of this Warrant to the Company using the following formula: X = Y (A-B) ------- Where:
Redemption Option. (a) Each of the Preferred Shares may, subject to the applicable legal restrictions on the Company’s redemption of its Shares, be redeemed in cash at the option of the holder thereof at any time on or after (i) the date falling on the second (2nd) anniversary of the Issue Date or (ii) the occurrence of a Redemption Event, upon a Redemption Notice (as defined below) from any Preferred Shareholder to the Company. The redemption price for each Preferred Share (“Redemption Price”) shall be equal to the aggregate amount of:
Redemption Option. (a) In the event (i) any Executive ceases to be employed by, or to serve as an officer, or director for, the Company or its Subsidiaries for any reason or, (ii) a Corporate Family Member of an Executive ceases for any reason to be a Corporate Family Member of such Executive and thereafter fails to comply with the requirements of paragraph 4(g) hereof or, (iii) any Corporate Family Member of an Executive shall fail to comply with any requirement made pursuant to Clause 4(h) hereof (any such event being in respect of such Executive or Corporate Family Member, his or its "Termination"), all of the Executive Stock held by such Executive or, as the case may be, such Corporate Family Member, other than Ordinary Shares acquired pursuant to paragraph 1 hereof, (whether held by such Executive or Corporate Family Member or one or more of such Executive's transferees, "Redeemable Stock") may be redeemed or purchased by the Company and/or the MDCP Co-Investors pursuant to the terms and conditions set forth in this paragraph 4 (the "Redemption Option"). For the avoidance of doubt (but without prejudice to rights to redeem or purchase Ordinary Shares issued or issuable upon conversion of convertible shares), Ordinary Shares acquired pursuant to paragraph 1 hereof are not subject to redemption or purchase pursuant to this paragraph 4 or otherwise."
Redemption Option. At any time during the period beginning on the Issue Date and ending on the date that is one (1) year from the Issue Date, Company shall have the option to redeem this Warrant by exchanging it (pursuant to Section 3(a)(9) of the 1933 Act (as defined below)) for 400,000 shares of Company’s Common Stock (the “Redemption Option”). If Company elects to exercise its Redemption Option, any outstanding Notice of Exercise will be cancelled and this Warrant will be deemed satisfied in full upon delivery of the 400,000 shares of Common Stock.
Redemption Option. In the event of Participant’s Termination of Service (other than in connection with a Change of Control Event), the Company shall have the right (but not the obligation) to redeem any or all of the Shares issued to Participant upon exercise of this Option for the Redemption Price in accordance with Section 10.06 of the Plan. In the event that Participant or his successor in interest fails to promptly execute and deliver to the Company any and all documents required under Section 10.06 of the Plan, the Company may elect to: (i) establish a segregated account in the amount of the Redemption Price, such account to be turned over to Participant or his successor in interest upon delivery of the documents required by the Plan, and (ii) immediately take such action as is appropriate to transfer record title of such Shares from Participant to the Company and to treat Participant and such Shares in all respects as if delivery of such documents had been made as required by this Agreement. Participant hereby irrevocably grants the Company a power of attorney which shall be coupled with an interest for the purpose of effectuating the preceding sentence.
Redemption Option. (a) In the event Employee’s relationship with the Subsidiary, whether as an employee or consultant, terminates for Cause (as defined in the Plan), death, or Disability (as defined in the Plan), then the Company shall have an irrevocable option (the “Redemption Option”), for a period of ninety (90) days after said termination, or such longer period as may be agreed to by the Company and Employee, to redeem from Employee or Employee’s personal representative, as the case may be, at a cost of $.01 per share to the Company, up to but not exceeding the number of shares of the Stock that have not vested in accordance with the provisions of Sections 2(b) below as of such termination date; provided, however, that if Employee makes or has made an 83 (b) Election (as defined below) and if Employee’s employment with the Subsidiary is terminated due to death or Disability, then the Company shall comply with covenant in the final sentence of Section 11, notwithstanding its exercise of the Redemption Option for unvested shares of the Stock, if any.
Redemption Option. (a) In the event any Executive ceases to be employed by, or to serve as an officer, or director for, the Company or its Subsidiaries for any reason (such Executive's "TERMINATION"), all of such Executive's Executive Stock other than Ordinary Shares acquired pursuant to PARAGRAPH 1 hereof (whether held by such Executive or one or more of such Executive's transferees, "REDEEMABLE STOCK") may be redeemed or purchased by the Company and/or the MDCP Co-Investors pursuant to the terms and conditions set forth in this PARAGRAPH 4 (the "REDEMPTION OPTION"). For the avoidance of doubt (but without prejudice to rights to redeem or purchase Ordinary Shares issued or issuable upon conversion of Convertible Shares), Ordinary Shares acquired pursuant to PARAGRAPH 1 hereof are not subject to redemption or purchase pursuant to this PARAGRAPH 4 or otherwise.
Redemption Option. (i) If Axxx Xxxxxx ceases to be employed by the Company or any of its Subsidiaries (as defined below) as a result of Axxx Xxxxxx’x termination for Cause (as defined below), and if such termination occurs prior to an IPO (as defined below), then, on the date the Company or, where appropriate, a Subsidiary delivers notice of termination of employment for Cause to Mx. Xxxxxx, each Share issued hereunder to the Trust (a “Redemption Share”) shall be subject to redemption (a “Redemption Option”) by the Company for a price equal to the Fair Market Value (as defined below) of such Redemption Share.
