Common use of Company Settlement Clause in Contracts

Company Settlement. Within ten (10) days of receipt of the Company Settlement Notice, the Transferring Shareholder must deliver to the Company all certificates for the Stock being acquired by the Company which are not already in the Company's custody, together with proper assignments in blank of the Stock with signatures properly guaranteed and with such other documents as may be required by the Company to provide reasonable assurance that each necessary endorsement is genuine and effective, and the Company must thereupon deliver to the Transferring Shareholder full cash payment for the Stock being acquired, provided that if the terms of payment set forth in the Notice were other than cash against delivery, the Company shall pay for said shares on the same terms and conditions set forth in such Notice.

Appears in 3 contracts

Samples: Shareholders' Agreement (Discovery Partners International Inc), Shareholders' Agreement (Discovery Partners International Inc), Shareholders' Agreement (Discovery Partners International Inc)

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Company Settlement. Within ten (10) days of receipt of the Company Settlement Notice, the Transferring Shareholder must deliver to the Company all certificates for the Stock being acquired by the Company which are not already in the Company's custody, together with proper assignments in blank of the Stock with signatures properly guaranteed and with such other documents as may be required by the Company to provide reasonable assurance that each necessary endorsement is genuine and effective, and the Company must thereupon deliver to the Transferring Shareholder full cash payment for the Stock being acquired, provided that if the terms of payment set forth in the Notice were other than cash against delivery, the Company shall pay for said shares on the same terms and conditions set forth in such Notice.

Appears in 2 contracts

Samples: Shareholders' Agreement (Pemstar Inc), Shareholders' Agreement (Pemstar Inc)

Company Settlement. Within ten (10) days of receipt of the Company Settlement Notice, the Transferring Shareholder must deliver to the Company all certificates for the Stock being acquired by the Company which are not already in the Company's custody, together with proper assignments in blank of the Stock with signatures properly guaranteed and with such other documents as may be required by the Company to provide reasonable assurance that each necessary endorsement is genuine and effective, and the Company must thereupon deliver to the Transferring Shareholder full cash payment for the Stock being acquired, provided that if the terms of payment set forth in the Notice were other than cash against delivery, the Company shall pay for said shares on the same terms and conditions set forth in such Noticeaccordance with Section 4(a)(ii).

Appears in 1 contract

Samples: Shareholders' Agreement (Skydesk Inc)

Company Settlement. Within ten (10) days of receipt of the Company Settlement Notice, the Transferring Shareholder Stockholder must deliver to the Company all certificates for the Stock Restricted Shares being acquired by the Company which are not already in the Company's custody, together with proper assignments in blank of the Stock Restricted Shares with signatures properly guaranteed and with such other documents as may be required by the Company to provide reasonable assurance that each necessary endorsement is genuine and effective, and the Company must thereupon deliver to the Transferring Shareholder Stockholder full cash payment for the Stock Restricted Shares being acquired, provided that if the terms of payment set forth in the Company Notice were other than cash against delivery, the Company shall pay for said shares Restricted Shares on the same terms and conditions set forth in such Company Notice.

Appears in 1 contract

Samples: Stock Restriction Agreement (Rubios Restaurants Inc)

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Company Settlement. Within ten (10) days of receipt of the Company Settlement Notice, the Transferring Shareholder Xxxxxx Transferor must deliver to the Company all certificates for the Stock being acquired by the Company which are not already in the Company's custody, together with proper assignments in blank of the Stock with signatures properly guaranteed and with such other documents as may be required by the Company to provide reasonable assurance that each necessary endorsement is genuine and effective, and the Company must thereupon deliver to the Transferring Shareholder Xxxxxx Transferor full cash payment for the Stock being acquired, provided that if the terms of payment set forth in the Notice were other than cash against delivery, the Company shall pay for said shares on the same terms and conditions set forth in such Noticeaccordance with Section 3(a)(ii).

Appears in 1 contract

Samples: Stockholders' Agreement (Cancervax Corp)

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