Common use of Allocation of Purchase Rights Clause in Contracts

Allocation of Purchase Rights. The Employee acknowledges and agrees that the Investors may allocate their purchase rights under this Section 5, as among themselves, in such manner as they, in their sole discretion, may agree from time to time.

Appears in 6 contracts

Samples: Employee Stock Subscription Agreement (SiteOne Landscape Supply, Inc.), Employee Stock Subscription Agreement (PharMEDium Healthcare Holdings, Inc.), Employee Stock Option Agreement (PharMEDium Healthcare Holdings, Inc.)

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Allocation of Purchase Rights. The Employee acknowledges and agrees that the Initial Investors may allocate their purchase rights under this Section 5, as among themselves, in such manner as they, in their sole discretion, may agree from time to time.

Appears in 1 contract

Samples: Employee Stock Subscription Agreement (Hertz Corp)

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Allocation of Purchase Rights. The Employee acknowledges and agrees that the Investors may allocate their purchase rights under this Section 5, as among themselves, in such manner as they, in their sole discretion, may agree from time to time, provided that in the event the Investors do not reach an agreement with respect to such allocation prior to the time at which any such purchase would occur, the rights shall be allocated pro rata between the Investors based on their ownership of the Company’s Common Stock at the time of such purchase (including shares of preferred stock convertible into Common Stock, on an as-converted basis).

Appears in 1 contract

Samples: Employee Stock Subscription Agreement (Unistrut International Holdings, LLC)

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