Common use of Company’s Option to Purchase Clause in Contracts

Company’s Option to Purchase. In the event that the State of New York in the future permits the corporate practice of medicine without need to resort to a Certificate of Need, or if, in the opinion of counsel to the Company, it otherwise becomes lawful in New York State for the Company to acquire and operate the medical practice of the P.C.s, the Company shall have the right to purchase the medical practice of the P.C.s and the P.C.s agree to sell the medical practice of the P.C.s to the Company. The purchase price shall be $100. In order to make meaningful the foregoing right, the P.C.s agree that any purchaser of the P.C.s or transferee or other recipient of shares thereof and any successor P.C.s and shareholders thereof shall be bound by the provisions of this Paragraph and no sale of the P.C.s or transfer of any shares of any P.C. shall be effective unless the purchaser or transferee acknowledges in writing his agreement to the provisions of this Paragraph.

Company’s Option to Purchase. In the event that the State of New York in the future permits the corporate practice of medicine without need to resort to a Certificate of Need, or if, in the opinion of counsel to the Company, it otherwise becomes lawful in New York State for the Company to acquire and operate the medical practice of the P.C.sP.C., the Company shall have the right to purchase a 95% ownership in the medical practice of the P.C.s P.C. and the P.C.s agree P.C. agrees to sell a 95% ownership in the medical practice of the P.C.s P.C. to the Company. The purchase price shall be $100. In order to make meaningful the foregoing right, the P.C.s agree P.C. agrees that any purchaser of the P.C.s P.C. or transferee or other recipient of shares share thereof and any successor P.C.s P.C. and shareholders thereof shall be bound by the provisions of this Paragraph and no sale of the P.C.s P.C. or transfer of any shares of any P.C. thereof shall be effective unless the purchaser or transferee acknowledges in writing his agreement to the provisions of this Paragraph.

Company’s Option to Purchase. In the event that the State of New York in the future permits the corporate practice of medicine without need to resort to a Certificate of Need, or if, in the opinion of counsel to the Company, it otherwise becomes lawful in New York State for the Company to acquire and operate the medical practice of the P.C.sP.C., the Company shall have the right to purchase the medical practice of the P.C.s P.C. and the P.C.s agree P.C. agrees to sell the medical practice of the P.C.s P.C. to the Company. The purchase price shall be $100. In order to make meaningful the foregoing right, the P.C.s agree P.C. agrees that any purchaser of the P.C.s P.C. or transferee or other recipient of shares share thereof and any successor P.C.s P.C. and shareholders thereof shall be bound by the provisions of this Paragraph and no sale of the P.C.s P.C. or transfer of any shares of any P.C. thereof shall be effective unless the purchaser or transferee acknowledges in writing his agreement to the provisions of this Paragraph.

Company’s Option to Purchase. In the event that the State of New York in the future permits the corporate practice of medicine without need to resort to a Certificate of Need, or if, in the opinion of counsel to the Company, it otherwise becomes lawful in New York State for the Company to acquire and operate the medical practice of the P.C.sP.C., the Company shall have the right to purchase a 50% ownership in the medical practice of the P.C.s P.C. and the P.C.s agree P.C. agrees to sell a 50% ownership in the medical practice of the P.C.s P.C. to the Company. The purchase price shall be $100. In order to make meaningful the foregoing right, the P.C.s agree P.C. agrees that any purchaser of the P.C.s P.C. or transferee or other recipient of shares share thereof and any successor P.C.s P.C. and shareholders thereof shall be bound by the provisions of this Paragraph and no sale of the P.C.s P.C. or transfer of any shares of any P.C. thereof shall be effective unless the purchaser or transferee acknowledges in writing his agreement to the provisions of this Paragraph.