CLOSING OF COMPANY PURCHASE. In the event the Company (or its assignees) elects to acquire all of those shares of the Employee as specified in the Employee's notice, the Secretary of the Company shall so notify the Employee within forty-five (45) days after receipt of the Employee's notice, and settlement thereof shall be made in cash or as otherwise set forth above within forty-five (45) days after the date the Secretary of the Company gives the Employee notice of the Company's election.
Appears in 3 contracts
Samples: Employment Agreement (Smartdisk Corp), Employment Agreement (Smartdisk Corp), Employment Agreement (Smartdisk Corp)
CLOSING OF COMPANY PURCHASE. In the event the Company (or and its assignees) elects to acquire all of those shares of the Employee as specified in the Employee's notice, the Secretary of the Company shall so notify the Employee within forty-five (45) days after receipt of the Employee's notice, and settlement thereof shall be made in cash or as otherwise set forth above within forty-five (45) days after the date the Secretary of the Company gives the Employee notice of the Company's election.
Appears in 2 contracts
Samples: Employment Agreement (Smartdisk Corp), Employment Agreement (Smartdisk Corp)
CLOSING OF COMPANY PURCHASE. In the event the Company (or and its assignees) elects to acquire all of those shares of the Employee as specified in the Employee's notice, the Secretary of the Company shall so notify the Employee within forty-five thirty (4530) days after receipt of the Employee's notice, and settlement thereof shall be made in cash or as otherwise set forth above within forty-five thirty (4530) days after the date the Secretary of the Company gives the Employee notice of the Company's election.
Appears in 1 contract
Samples: Employee Incentive Stock Option Agreement (Portola Packaging Inc)
