Tag-Along Right. If Xxxxxxx X. Xxxxxxx or any affiliate thereof (collectively, "Xxxxxxx") proposes to sell, to a Third Party Purchaser (as defined below) in one transaction or in a series of related transactions ( a "Tag Along Sale") either (i) more than 50% of his equity interest in the Company or (ii) control of the Company, then the Participant shall have the right (the "Tag Along Right") to participate in such Tag Along Sale on the following terms:
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (Venoco, Inc.), Nonqualified Stock Option Agreement (Venoco, Inc.), Nonqualified Stock Option Agreement (Venoco, Inc.)
Tag-Along Right. If Xxxxxxx X. Xxxxxxx or any affiliate thereof (collectively, "“Xxxxxxx"”) proposes to sell, to a Third Party Purchaser (as defined below) in one transaction or in a series of related transactions ( a "“Tag Along Sale"”) either (i) more than 50% of his equity interest in the Company or (ii) control of the Company, then the Participant shall have the right (the "“Tag Along Right"”) to participate in such Tag Along Sale on the following terms:
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Venoco, Inc.), Nonqualified Stock Option Agreement (Venoco, Inc.)
Tag-Along Right. If the Xxxxxxx X. Xxxxxxx Family or any affiliate constituent thereof (collectively, "Xxxxxxx"the “Selling Party”) proposes to sell, to a Third Party Purchaser (as defined below) in one transaction or in a series of related transactions ( (a "“Tag Along Sale"”) either (i) more than 50% of his the Xxxxxxx Family’s equity interest in the Company or (ii) control of the Company, then the Participant shall have the right (the "“Tag Along Right"”) to participate in such Tag Along Sale on the following terms:
Appears in 1 contract
Samples: Option Agreement (Venoco, Inc.)
