Call Option Upon Termination Sample Clauses

Call Option Upon Termination. Except as the Company may otherwise agree in writing with any Manager with respect to Shares held by such Manager’s Management Call Group, upon any termination of the employment by the Company and its subsidiaries of any Manager (by the Company, such Manager or otherwise), the Company shall have the right to purchase all of the Management Shares held by such Manager or originally issued to such Manager but held by one or more Permitted Transferees (collectively, the “Management Call Group”) on the following terms (the “Management Call Option”):
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Call Option Upon Termination. (a) In the event of a Covered Termination prior to March 31, 2001, the UBL shall notify Marc Xxxxxx xxx Donaxx Xxxxxx (xxe "Founders"), the Company and each "Other Member" (as defined below) of such termination within thirty (30) days. The Founders shall each have the right, but not the obligation (a "Founder Right"), to purchase one half of all of the Units held by Rennxx (xxe "Subject Units") at the price and on the terms specified in this Section 6. Within sixty (60) days after the date of such termination, each Founder shall notify Rennxx, xxe Company and all Other Members whether and to what extent such Founder intends to exercise his Founder Right (a "Founder Notice"). If either Founder fails to exercise his Founder Right as to all of his one-half share of the Subject Units, then the other Founder shall have the
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Call Option Upon Termination. Upon any termination of a Xxxx Executive’s employment with the Company or any of its subsidiaries, the Company will have the right to purchase Executive Shares held by such Xxxx Executive or any of his Executive Designees or originally issued to such Xxxx Executive or any of his Executive Designees but held by one or more Persons that acquired such Shares as Permitted Transferees of such Xxxx Executive or any of such Executive Designees (as to a given Xxxx Executive, such Xxxx Executive and all such other Persons, collectively, such Xxxx Executive’s “Call Group”) to the extent, and on the terms and conditions, specified in this Section 7.1 (each such right, a “Call Option”).
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Call Option Upon Termination. Upon the termination of employment by the Company and any of its subsidiaries of any Manager, the Company and the Investor Groups shall have the right to purchase all or any portion of the Management Shares that are owned by such Manager or associated with such Manager, regardless of who then owns such Shares. For this purpose, (i) all Management Shares that are Transferred by the holder thereof to a Permitted Transferee of such holder shall continue to be associated with the Manager with whom they were associated prior to such Transfer and (ii) all Management Shares that are issued directly to a Manager Designee will be associated with the Manager that requested that such Management Shares be issued to such Manager Designee. The purchase price per Share for each such Share that is a Vested Roll-Over Share or Vested Incentive Share (determined as of the date of termination) shall be equal to Fair Market Value of such Share. The purchase price per Share for each such Share that is an Unvested Roll-Over Share or Unvested Incentive Share (determined as of the date of termination) shall be equal to the lower of Cost or Fair Market Value of such Share.
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Call Option Upon Termination. Upon the termination of Holmes' employment with the Company or any of its Affiliates, for any xxxxxx, the Company shall have the right, but not the obligation, to purchase any or all of the Shares then held by Holmes and/or HLC for a payment in cash equal to the Fair Market Value of such Shares as of the date of such termination. Such option may be exercised by the Company by delivering written notice thereof to Holmes and HLC within 120 days following the date of such termination, xxxxxher with a check in the full amount of the Fair Market Value of the Shares to be purchased.
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Related to Call Option Upon Termination

  • Action Upon Termination (a) From and after the effective date of termination of this Agreement, pursuant to Sections 13, 14, or 15 of this Agreement, the Manager shall not be entitled to compensation for further services under this Agreement, but shall be paid all compensation accruing to the date of termination and, if terminated pursuant to Section 13 or Section 15(b), the applicable Termination Fee. Upon such termination, the Manager shall forthwith:

  • Condition upon Termination Upon the termination of the -------------------------- Lease, Tenant shall surrender the Property to Landlord, broom clean and in the same condition as received except for ordinary wear and tear which Tenant was not otherwise obligated to remedy under any provision of this Lease. However, Tenant shall not be obligated to repair any damage which Landlord is required to repair under Article 7 (Damage or Destruction). In addition, Landlord may require Tenant to remove any alterations, additions or improvements (whether or not made with Landlord's consent) prior to the expiration of the Lease and to restore the Property to its prior condition, all at Tenant's expense. All alterations, additions and improvements which Landlord has not required Tenant to remove shall become Landlord's property and shall be surrendered to Landlord upon the expiration or earlier termination of the Lease, except that Tenant may remove any of Tenant's machinery or equipment which can be removed without material damage to the Property. Tenant shall repair, at Tenant's expense, any damage to the Property caused by the removal of any such machinery or equipment. In no event, however, shall Tenant remove any of the following materials or equipment (which shall be deemed Landlord's property) without Landlord's prior written consent: any power wiring or power panels; lighting or lighting fixtures; wall coverings; drapes, blinds or other window coverings; carpets or other floor coverings; heaters, air conditioners or any other heating or air conditioning equipment; fencing or security gates; or other similar building operating equipment and decorations except to the extent installed by Tenant.

  • Resignation upon Termination Effective as of any Date of Termination under this Section 7 or otherwise as of the date of Executive's termination of employment with the Company, Executive shall resign, in writing, from all Board memberships and other positions then held by him with the Company and its Affiliates.

  • Delivery upon Termination Upon termination of Manager's employment with the Company for any reason, Manager shall promptly deliver to the Company all correspondence, files, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial documents, and any other documents or data concerning the Company's or any affiliate’s customers, database, business plan, marketing strategies, processes or other materials which contain Confidential Information, together with all other property of the Company or any affiliate in Manager's possession, custody or control. ARTICLE SIX

  • Payment Upon Termination Termination of this Agreement shall not affect the right of the Adviser to receive payment on any unpaid balance of the compensation described in Section 2 earned prior to such termination.

  • Termination Upon Notice This Agreement may be terminated at any time without cause by either party giving the other party one hundred eighty (180) days written notice.

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Surrender Upon Termination The Executive agrees that in the event of the termination of the Executive's employment for any reason, whether before or after the Term, the Executive will immediately deliver to the Company all property belonging to the Company, including documents and materials of any nature pertaining to the Executive's work with the Company, and will not take with the Executive any documents or materials of any description, or any reproduction thereof of any description, containing or pertaining to any Confidential Information. It is understood that the Executive is free to use information that is in the public domain, but not as a result of a breach of this Agreement.

  • Rights Upon Termination Except as expressly provided in Section 6, upon the termination of the Executive’s Employment pursuant to this Section 5, the Executive shall only be entitled to the compensation, benefits and reimbursements described in Sections 2, 3 and 4 for the period preceding the effective date of the termination. The payments under this Agreement shall fully discharge all responsibilities of the Company to the Executive.

  • Termination Upon a Change in Control If Executive’s employment is subject to a Termination within a Covered Period, then, in addition to Minimum Benefits, the Company shall provide Executive the following benefits:

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