Closing of Sale. (1) The Employee or the Representative, if applicable, shall sell the relevant Stock at a closing to be held at the principal place of business of Systems on a date which is ninety (90) calendar days after the date any notice exercising an option described in this Section 14 is given. At such Closing: (A) Systems shall deliver to the Employee (or the Representative, if applicable) a bank cashier's or certified check, and Systems' promissory note, in the full amount of the purchase price; and (ii) the Employee or the Representative, if applicable, shall deliver to Systems certificates representing the relevant Stock duly endorsed in blank.
Appears in 3 contracts
Samples: Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc)
Closing of Sale. (1) The Employee or the Representative, if applicable, shall sell the relevant Stock at a closing to be held at the principal place of business of Systems on a date which is ninety (90) calendar days after the date any notice exercising an option described in this Section 14 is given. At such Closing: (A) Systems shall deliver to the Employee (or the Representative, if applicable) a bank cashier's or certified check, and or Systems' promissory notenote (or both, if applicable) in the full amount of the purchase price; and (iiB) the Employee or the Representative, if applicable, shall deliver to Systems certificates representing the relevant Stock duly endorsed in blank.
Appears in 2 contracts
Samples: Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc)
