Common use of Call Right Clause in Contracts

Call Right. Upon termination of Optionee’s employment for any reason prior to an IPO, the Company will have the right to purchase (the “Call Right”) any Option Shares that Optionee received pursuant to the terms and conditions set forth in Article VI Call Rights of the Stockholders Agreement.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (HealthMarkets, Inc.), Nonqualified Stock Option Agreement (HealthMarkets, Inc.), Nonqualified Stock Option Agreement (HealthMarkets, Inc.)

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Call Right. Upon termination of Optionee’s employment service as a Director for any reason prior to an IPO, the Company will have the right to purchase (the “Call Right”) any Option Shares that Optionee received pursuant to the terms and conditions set forth in Article VI Call Rights of the Stockholders Agreement.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (HealthMarkets, Inc.), Nonqualified Stock Option Agreement (HealthMarkets, Inc.), Nonqualified Stock Option Agreement (HealthMarkets, Inc.)

Call Right. Upon termination of Optionee’s employment for any reason prior to an IPOIPO or a Change of Control, the Company will have the right to purchase (the “Call Right”) any Option Shares that Optionee received pursuant to the terms and conditions set forth in Article VI Call Rights Section 8(c) of the Stockholders Employment Agreement.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (HealthMarkets, Inc.), Nonqualified Stock Option Agreement (HealthMarkets, Inc.), Nonqualified Stock Option Agreement (HealthMarkets, Inc.)

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Call Right. Upon termination of Optionee’s employment for any reason prior to an IPOIPO or a Change of Control, the Company will have the right to purchase (the “Call Right”) any Option Shares that Optionee received pursuant to the terms and conditions set forth in Article VI Call Rights of the Stockholders Agreement, as amended by the Employment Agreement.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (HealthMarkets, Inc.)

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