Common use of Co-Sale Rights Clause in Contracts

Co-Sale Rights. (a) In the event that Founder receives a bona fide offer from any person to purchase any of Founder's Common Stock (the "Founder's Shares") in a private transaction exempt from registration under the Securities Act, Founder shall give Shareholder notice of his intention to sell Founder's Shares, describing the amount of Founder's Shares proposed to be transferred, the identity of the proposed transferee, and the price and terms upon which he proposes to make such transfer (the "Transfer Notice").

Appears in 9 contracts

Samples: Stock Rights Agreement (Paetec Corp), Stock Rights Agreement (Paetec Corp), Stock Rights Agreement (Paetec Corp)

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