Common use of Call on Shares Clause in Contracts

Call on Shares. Upon the Termination of Employment at any time, or a Sale of the Company, the Company and/or its designees may, at its option, repurchase from the Stockholder or its Permitted Transferees, and the Stockholder or its Permitted Transferees will at the request of the Company sell to the Company and/or its designees, all (but not less than all) of the Shares, Option Shares and other Common Stock and Common Stock Equivalents held by the Stockholder or its Permitted Transferees at a purchase price per share determined pursuant to paragraphs (a), (b) and (c) below:

Appears in 5 contracts

Samples: Management Buy Sell Agreement (Atrium Companies Inc), Management Buy Sell Agreement (Atrium Companies Inc), Management Buy Sell Agreement (Atrium Companies Inc)

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