Common use of Closing of Repurchase Clause in Contracts

Closing of Repurchase. The closing of any purchase of Shares and/or Vested Options by the Company under this Agreement will occur at a meeting of the Company and the Optionee and/or the Permitted Assigns, as appropriate, on a date selected by the Company and noticed to the Optionee and/or the Permitted Assigns, as appropriate, which will be not later than the 120th day following the Termination Date at 10:00 a.m. Colorado time at the Company's office in Denver, Colorado (unless otherwise agreed by the Company and the Optionee and/or the Permitted Transferees, as appropriate). At the meeting, the Company will make payment for the Shares and/or Vested Options and the Optionee and/or the Permitted Transferees, as appropriate, will deliver certificates representing the Shares, duly endorsed for transfer. If the Shares so purchased by the Company are then subject to the Class B Common Stock Voting Trust Agreement, the Trustee thereunder is authorized and directed to deliver to the Company stock certificates representing such Shares, against receipt of payment therefor, and to deliver such payment to the Optionee upon delivery by the Optionee to the Company of the Voting Trust Certificate representing such Shares. Payment for the Shares and/or Vested Options will be made in cash or by the Company's check or checks which clear in the ordinary course. All notices under this Section to the Optionee or the Permitted Transferees, as appropriate, will be in writing and will be deemed to have been duly given when delivered in person (by express courier or otherwise), by telecopier or three days after being deposited in

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Rentx Industries Inc)

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Closing of Repurchase. The closing of any purchase of Shares and/or Vested Options by the Company under this Agreement will occur at a meeting of the Company and the Optionee and/or the Permitted Assigns, as appropriate, on a date selected by the Company and noticed to the Optionee and/or the Permitted Assigns, as appropriate, which will be not later than the 120th day following the Termination Date at 10:00 a.m. Colorado time at the Company's office in Denver, Colorado (unless otherwise agreed by the Company and the Optionee and/or the Permitted Transferees, as appropriate). At the meeting, the Company will make payment for the Shares and/or Vested Options and the Optionee and/or the Permitted Transferees, as appropriate, will deliver certificates representing the Shares, duly endorsed for transfer. If the Shares so purchased by the Company are then subject to the Class B Common Stock Voting Trust Agreement, the Trustee thereunder is authorized and directed to deliver to the Company stock certificates representing such Shares, against receipt of payment therefor, and to deliver such payment to the Optionee upon delivery by the Optionee to the Company of the Voting Trust Certificate representing such Shares. Payment for the Shares and/or Vested Options will be made in cash or by the Company's check or checks which clear in the ordinary course. All notices under this Section to the Optionee or the Permitted Transferees, as appropriate, will be in writing and will be deemed to have been duly given when delivered in person (by express courier or otherwise), by telecopier or three days after being deposited inin the United States mail, certified mail, return receipt requested, first class postage prepaid, to the Optionee or the Permitted Transferees, as appropriate, at 1271 LAFAYETTE DENVER, CO. 80218 , or to such other address as the Optionee or the Permitted Transferees, as appropriate, will have specified by notice in writing to the Company.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Rentx Industries Inc)

Closing of Repurchase. The closing of any purchase of Shares and/or Vested Options by the Company under this Agreement will occur at a meeting of the Company and the Optionee and/or the Permitted Assigns, as appropriate, on a date selected by the Company and noticed to the Optionee and/or the Permitted Assigns, as appropriate, which will be not later than the 120th day following the Termination Date at 10:00 a.m. Colorado time at the Company's office in Denver, Colorado (unless otherwise agreed by the Company and the Optionee and/or the Permitted Transferees, as appropriate). At the meeting, the Company will make payment for the Shares and/or Vested Options and the Optionee and/or the Permitted Transferees, as appropriate, will deliver certificates representing the Shares, duly endorsed for transfer. If the Shares so purchased by the Company are then subject to the Class B Common Stock Voting Trust Agreement, the Trustee thereunder is authorized and directed to deliver to the Company stock certificates representing such Shares, against receipt of payment therefor, and to deliver such payment to the Optionee upon delivery by the Optionee to the Company of the Voting Trust Certificate representing such Shares. Payment for the Shares and/or Vested Options will be made in cash or by the Company's check or checks which clear in the ordinary course. All notices under this Section to the Optionee or the Permitted Transferees, as appropriate, will be in writing and will be deemed to have been duly given when delivered in person (by express courier or otherwise), by telecopier or three days after being deposited inin the United States mail, certified mail, return receipt requested, first class postage prepaid, to the Optionee or the Permitted Transferees, as appropriate, at 8 Dexxxx Xxxxxx Xxxx, Xxxxxxxxx, XX 00000, xx to such other address as the Optionee or the Permitted Transferees, as appropriate, will have specified by notice in writing to the Company.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Rentx Industries Inc)

Closing of Repurchase. The closing of any purchase of Shares and/or Vested Options by the Company under this Agreement will occur at a meeting of the Company and the Optionee and/or the Permitted Assigns, as appropriate, on a date selected by the Company and noticed to the Optionee and/or the Permitted Assigns, as appropriate, which will be not later than the 120th day following the Termination Date at 10:00 a.m. Colorado time at the Company's office in Denver, Colorado (unless otherwise agreed by the Company and the Optionee and/or the Permitted Transferees, as appropriate). At the meeting, the Company will make payment for the Shares and/or Vested Options and the Optionee and/or the Permitted Transferees, as appropriate, will deliver certificates representing the Shares, duly endorsed for transfer. If the Shares so purchased by the Company are then subject to the Class B Common Stock Voting Trust Agreement, the Trustee thereunder is authorized and directed to deliver to the Company stock certificates representing such Shares, against receipt of payment therefor, and to deliver such payment to the Optionee upon delivery by the Optionee to the Company of the Voting Trust Certificate representing such Shares. Payment for the Shares and/or Vested Options will be made in cash or by the Company's check or checks which clear in the ordinary course. All notices under this Section to the Optionee or the Permitted Transferees, as appropriate, will be in writing and will be deemed to have been duly given when delivered in person (by express courier or otherwise), by telecopier or three days after being deposited inin the United States mail, certified mail, return receipt requested, first class postage prepaid, to the Optionee or the Permitted Transferees, as appropriate, at 1271 Lafaxxxxx, Xxxxxx, XX 00000, xr to such other address as the Optionee or the Permitted Transferees, as appropriate, will have specified by notice in writing to the Company.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Rentx Industries Inc)

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Closing of Repurchase. The closing of any purchase of Shares and/or Vested Options by the Company under this Agreement will occur at a meeting of the Company and the Optionee and/or the Permitted Assigns, as appropriate, on a date selected by the Company and noticed to the Optionee and/or the Permitted Assigns, as appropriate, which will be not later than the 120th day following the Termination Date at 10:00 a.m. Colorado time at the Company's office in Denver, Colorado (unless otherwise agreed by the Company and the Optionee and/or the Permitted Transferees, as appropriate). At the meeting, the Company will make payment for the Shares and/or Vested Options and the Optionee and/or the Permitted Transferees, as appropriate, will deliver certificates representing the Shares, duly endorsed for transfer. If the Shares so purchased by the Company are then subject to the Class B Common Stock Voting Trust Agreement, the Trustee thereunder is authorized and directed to deliver to the Company stock certificates representing such Shares, against receipt of payment therefor, and to deliver such payment to the Optionee upon delivery by the Optionee to the Company of the Voting Trust Certificate representing such Shares. Payment for the Shares and/or Vested Options will be made in cash or by the Company's check or checks which clear in the ordinary course. All notices under this Section to the Optionee or the Permitted Transferees, as appropriate, will be in writing and will be deemed to have been duly given when delivered in person (by express courier or otherwise), by telecopier or three days after being deposited inin the United States mail, certified mail, return receipt requested, first class postage prepaid, to the Optionee or the Permitted Transferees, as appropriate, at _____________________________________ _______________________________________________________________________________, or to such other address as the Optionee or the Permitted Transferees, as appropriate, will have specified by notice in writing to the Company.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Rentx Industries Inc)

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