Common use of Company Purchase Option Clause in Contracts

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.

Appears in 2 contracts

Samples: Stock Purchase Agreement (City Truck Holdings Inc), Stock Purchase Agreement (City Truck Holdings Inc)

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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.

Appears in 1 contract

Samples: Stock Purchase Agreement (Silver Cinemas International Inc)

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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. The Company's right and option set forth in this Section 3(a) is referred to herein as the "Purchase Option."

Appears in 1 contract

Samples: 18 Stock Purchase Agreement (City Truck Holdings Inc)

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