Common use of Company's Option Clause in Contracts

Company's Option. The Company shall have an option for a period of ten (10) days from receipt of the Transfer Notice to elect to purchase the Offered Shares at the same price and subject to the same material terms and conditions as described in the Transfer Notice. The Company may, by vote of a majority of the Board of Directors not including directors designated by such Transferring Holder, exercise such purchase option and, thereby, purchase all (or a portion of) the Offered Shares by notifying the Transferring Holder in writing before expiration of the such ten (10) day period as to the number of such shares which it wishes to purchase. If the Company gives the Transferring Holder notice that it desires to purchase such shares, then payment for the Offered Shares shall be by check or wire transfer, against delivery of the Offered Shares to be purchased at a place agreed upon between the parties and at the time of the scheduled closing therefor, which shall be no later than forty-five (45) days after the Company's receipt of the Transfer Notice, unless the Transfer Notice contemplated a later closing with the prospective third party transferee(s) or unless the value of the purchase price has not yet been established pursuant to Section 3.1(e). If the Company fails to purchase all of the Offered Shares by exercising the option granted in this Section 3.1(b) within the period

Company's Option. The Company shall have an option for a period of ten (10) days from receipt of the Transfer Notice to elect to purchase all or a portion of the Offered Shares at the same price and subject to the same material terms and conditions as described in the Transfer Notice. The Company may, by vote of a majority of the Board of Directors not including directors designated by such Transferring Holder, may exercise such purchase option and, thereby, and thereby purchase all (or a portion of) the Offered Shares by notifying the Transferring Holder Selling Stockholder in writing before expiration of the such ten (10) day period as to the number of such shares Offered Shares which it wishes to purchase. If the Company gives the Transferring Holder t he Selling Stockholder notice that it desires to purchase such shares, then payment for the Offered Shares shall be by check check, wire transfer or wire transfercancellation of indebtedness, against delivery of the Offered Shares to be purchased at a place agreed upon between the parties and at the time of the scheduled closing therefor, which shall be no later than forty-five (45) days after the Company's receipt of the Transfer Notice, unless the Transfer Notice contemplated a later closing with the prospective third party transferee(s) or unless the value of the purchase price has not yet been established pursuant to Section 3.1(e). If the Company fails to purchase all of the Offered Shares by exercising the option granted in this Section 3.1(b2.1(b) within the periodperiod provided, the Offered Shares which the Company has not elected to purchase shall be subject to the option granted to the Non-Selling Stockholders pursuant to this Agreement.

Company's Option. The Company shall have an option for ---------------- a period of ten (10) days from receipt of the Transfer Notice to elect to purchase all or any portion of the Offered Shares at the same price and subject to the same material terms and conditions as described in the Transfer Notice. The Company may, by vote of a majority of the Board of Directors not including directors designated by such Transferring Holder, may exercise such purchase option and, thereby, purchase all (or a portion of) the Offered Shares by notifying the Transferring Holder in writing before expiration of the such ten (10) day period as to the number of such shares which it wishes to purchase. If the Company gives the Transferring Holder notice that it desires to purchase such shares, then payment for the Offered Shares shall be by check or check, wire transfer, cancellation of indebtedness or any combination of the foregoing, against delivery of the Offered Shares to be purchased at a place agreed upon between the parties and at the time of the scheduled closing therefor, which shall be no later than forty-five (45) days after the Company's receipt of the Transfer Notice, unless the Transfer Notice contemplated a later closing with the prospective third party transferee(s) or unless the value of the purchase price has not yet been established pursuant to Section 3.1(e). If the Company fails to purchase all of the Offered Shares by exercising the option granted in this Section 3.1(b) within the periodperiod provided, the Offered Shares shall be subject to the options granted to the Offeree Holders pursuant to this Agreement.

Company's Option. The Company and it assignee(s) shall have an option for a period of ten thirty (1030) days from receipt of the Transfer Notice to elect to purchase the Offered Shares (or any portion thereof) at the same price and subject to the same material terms and conditions as described in the Transfer Notice. The Company may, by vote of a majority of the Board of Directors not including directors designated by such Transferring Holder, and its assignee(s) may exercise such purchase option and, thereby, purchase all (or a any portion of) the Offered Shares by notifying the Transferring Holder Selling Optionee in writing before expiration of the such ten thirty (10) day 30)-day period as to the number of such shares which Offered Shares that it wishes to purchase. If the Company or an assignee gives the Transferring Holder Selling Optionee notice that it desires to purchase such sharesthe Offered Shares, then payment for the Offered Shares shall be by check or wire transfer, against delivery of the Offered Shares to be purchased at a place agreed upon between the parties and at the time of the scheduled closing therefor, which therefore. The time of scheduled closing shall be no later than forty-five thirty (4530) days after the Company's ’s receipt of the Transfer Notice, unless the Transfer Notice contemplated contemplates a later closing with the prospective third party transferee(s) or unless the value of the purchase price has not yet been established pursuant to Section 3.1(e). If 5(c) hereof, and then the Company fails to purchase all scheduled closing shall be as of the Offered Shares by exercising the option granted in this Section 3.1(b) within the periodthat later time.