Company Purchase Option. In compliance with Section 6.4.4, a designee of the Company shall have the option to purchase all or a portion of the Unvested Shares (the “DDR Shares”) owned by each Employee (each a “DDR Selling Shareholder”) (a) on or after February 21, 2015 or (b) earlier, on the date the DDR Selling Shareholder’s employment is terminated for any reason other than death or Disability. The Company may exercise its option with respect to the DDR Shares by written notice given to the DDR Selling Shareholder or to his Personal Representative. The Company’s designee will pay the purchase price set forth in Section 8.2 to the DDR Selling Shareholder or to his Personal Representative upon the payment terms set forth in Section 8.3.
Company Purchase Option. Notwithstanding the terms of this Agreement, if at any time a Holder requests any Registrable Securities be included in a registration statement pursuant to this Agreement and at such time securities of the same class or series as the Registrable Securities are traded on a national securities exchange or trading system or any other recognized quotation system which regularly provides quotes on such securities (a “Trading Forum”), the Company shall have the right and option, in its sole discretion, to, in lieu of including such Registrable Securities in such Registration Statement, purchase all or any portion of such Registrable Securities requested to be included in such Registration Statement at the closing or last sales price of such security reported by such Trading Forum on the date of Holder’s request for inclusion of such Registrable Securities in such Registration Statement is received by the Company, or, if there is no such reported quote for such date on any Trading Forum, the last reported closing or sales price, as applicable, of such security by a Trading Forum.
Company Purchase Option. If the relevant Member fails to purchase the CP Interest as provided in Section 3.7(a), the Company may require, by giving an irrevocable written notice to the CP Spouse within forty (40) days of the Community Property Event that such CP Spouse sell all or any portion of the CP Interest to the Company for the CP Purchase Price. The written notice shall state that the Company is exercising its option to purchase the CP Interest and set forth the date of such notice. Any CP Interest not acquired pursuant to this Section 3.7 shall remain subject to all of the provisions of this Agreement.
Company Purchase Option. If the Holder fails to meet its obligations under Section 2(f) above (for any reason, including the limitations under Section 2(e), the Company has the option to purchase this Warrant from the Holder by paying to the Holder an amount in cash equal to the Purchase Option Black Scholes Value (as defined herein) of the remaining unexercised portion of this Warrant. “Purchase Option Black Scholes Value” means the value of the unexercised portion of this Warrant based on the Black and Scholes Option Pricing Model obtained from the “OV” function on Bloomberg L.P. determined as of the day the Company issues its Mandatory Exercise Notice (the “Applicable Date”) and reflecting (A) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of this Warrant, (B) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg L.P. as of the Applicable Date, (C) the underlying price per share used in such calculation shall be the average of the closing prices during the 20 Day Consecutive Period and (D) a remaining option time equal to the remaining underexercised period of this Warrant.
Company Purchase Option. (a) The Company shall have the unconditional right and option to purchase any or all of the Vesting Common Shares that have not vested as provided in Section 2 at a purchase price of $1.00 per share (the "Option Price") upon a Termination of Employment on the terms and conditions hereinafter provided.
Company Purchase Option a. Employee shall not (either during or following Employee's employment with the Company) transfer, sell, donate, pledge or otherwise dispose of or encumber (collectively, "Transfer") any Shares except as provided in this Section 11.
Company Purchase Option. (a) If you voluntarily Terminate your Employment prior to December 31, 2002, the Company will have the unconditional right and option to purchase any or all of your Vesting Shares (whether vested or unvested) for $1.00 per share and you shall be released from the Covenant Not to Compete pursuant to Section 4(b). As used in this Agreement, "
Company Purchase Option. Notwithstanding the terms of this Agreement, if at any time that any Holder requests that Registrable Securities be included in a Registration Statement filed or to be filed pursuant to this Agreement (pursuant to a Demand Registration or a Piggy-back Registration) securities of the same class or series as the Registrable Securities are traded on a national securities exchange or authorized to be quoted on the NASDAQ or any other recognized quotation system which regularly provides quotes on such securities (a "Trading Forum"), the Company will have the right and option, in its sole discretion, to, in lieu of including such Registrable Securities in such Registration Statement, purchase all but not less than all of such Registrable Securities requested to be included in such Registration Statement at the closing or last sales price of such security reported by such Trading Forum on the date the Demand Notice or written notice requesting the inclusion of such Registrable Securities in such Registration Statement is received by the Company or, if there is no such reported quote for such date by any Trading Forum, the last reported closing or sales price, as applicable, of such security by a Trading Forum.
Company Purchase Option. A. The Company shall have the right and option to purchase all of the Shares from Grantee for one cent ($.01) per share (the “Option Price”), if Grantee ceases to be employed by the Company for any reason (the “Purchase Option”), except as expressly provided in Subsection B of this Section 3. The Purchase Option of the Company will expire on , 20___ if Grantee has been continuously employed from the date of this Agreement through , 20_.
Company Purchase Option. The Company shall have the option to purchase (“Purchase Option”) and the selling Shareholder (the “Selling Shareholder”) shall be required to sell, upon the Company’s exercise of the Purchase Option, one hundred percent (100%) of such Selling Shareholder’s Shares upon the occurrence of any one of the events listed below. Only the Director(s) not designated by the Selling Shareholder, consistent with the procedures set forth in Section 3, shall be entitled to vote with respect to the Company’s exercise of the Purchase Option.
