Common use of Company’s Right to Purchase upon Involuntary Transfer Clause in Contracts

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, of any transfer by operation of law or other involuntary transfer (including divorce or intestate transfer upon death, but excluding transfer upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v) above) of all or a portion of the Shares by the record holder thereof, the Company shall have the right to purchase any or all of the Shares transferred at the fair market value of the Shares on the date of transfer (as determined by the Company in its sole discretion). Upon such a transfer, the Holder shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of 30 days following receipt by the Company of written notice from the Holder.

Appears in 8 contracts

Samples: Common Stock Purchase Agreement (Rentberry Inc.), Common Stock Purchase Agreement (Sezzle Inc.), Common Stock Purchase Agreement (Sezzle Inc.)

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Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, event of any transfer by operation of law or other involuntary transfer (including divorce or intestate transfer upon death, but excluding transfer upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v) above) of all or a portion of the Shares by the record holder thereof, the Company shall have the right an option to purchase any or all of the Shares transferred at the fair market value of the Shares on the date of transfer (as determined by the Company in its sole discretion). Upon such a transfer, the Holder shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of 30 days following receipt by the Company of written notice from the Holder.

Appears in 5 contracts

Samples: Preferred Stock Purchase Agreement (Bird Global, Inc.), Common Stock Purchase Agreement (Legion Works, Inc.), Common Stock Purchase Agreement (Legion Works, Inc.)

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, of any transfer by operation of law or other involuntary transfer (including divorce death or intestate transfer upon deathdivorce, but excluding transfer upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v3(a)(vi) above) of all or a portion of the Shares by the record holder thereof, the Company shall have the right an option to purchase any or all of the Shares transferred at the greater of the purchase price paid by Purchaser pursuant to this Agreement or the fair market value of the Shares on the date of transfer (as determined by the Company in its sole discretion)transfer. Upon such a transfer, the Holder person acquiring the Shares shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of 30 thirty (30) days following receipt by the Company of written notice from by the Holderperson acquiring the Shares.

Appears in 4 contracts

Samples: Notice and Restricted Stock Purchase Agreement (Alpine Immune Sciences, Inc.), Restricted Stock Purchase Agreement (Peregrine Systems Inc), Stock Option Plan (Media Metrix Inc)

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, event of any transfer by operation of law or other involuntary transfer (including divorce death or intestate transfer upon deathdivorce, but excluding transfer upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v3(a)(v) above) of all or a portion of the Shares by the record holder thereof, the Company shall have the right an option to purchase any or all of the Shares transferred at the fair market value Fair Market Value of the Shares on the date of transfer (as determined by the Company in its sole discretion). Upon such a transfer, the Holder shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of 30 days following receipt by the Company of written notice from the Holder.

Appears in 4 contracts

Samples: Exercise Agreement (Ouster, Inc.), Exercise Agreement (Ouster, Inc.), Exercise Agreement (Confluent, Inc.)

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, of any transfer by operation of law or other involuntary transfer (including divorce or intestate transfer upon death, but excluding transfer upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v) above) of all or a portion of the Shares by the record holder thereof, the Company shall have the right to purchase any or all of the Shares transferred at the fair market value of the Shares on the date of transfer (as determined by the Company in its sole discretionCompany). Upon such a transfer, the Holder shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of 30 days following receipt by the Company of written notice from the Holder.

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement (Called Higher Studios, Inc.), Restricted Stock Purchase Agreement (Called Higher Studios, Inc.), Common Stock Purchase Agreement (Payne Joseph E)

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, event of any transfer by operation of law or other involuntary transfer (including divorce death or intestate transfer upon deathdivorce, but excluding transfer upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v3(a)(v) above) of all or a portion of the Shares by the record holder thereof, the Company shall have the right an option to purchase any or all of the Shares transferred at the fair market value greater of the purchase price paid by Purchaser pursuant to this Agreement or the Fair Market Value of the Shares on the date of transfer (as determined by the Company in its sole discretionBoard). Upon such a transfer, the Holder person acquiring the Shares shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of 30 thirty (30) days following receipt by the Company of written notice from by the Holderperson acquiring the Shares.

Appears in 2 contracts

Samples: Exercise Agreement (Expensify, Inc.), Exercise Agreement (Expensify, Inc.)

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Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, event of any transfer by operation of law or other involuntary transfer (including divorce or intestate transfer upon death, but excluding transfer upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v) above) above of all or a portion of the Shares by the record holder thereof, the Company shall have the right an option to purchase any or all of the Shares transferred at the fair market value of the Shares on the date of transfer (as determined by the Company in its sole discretion). Upon such a transfer, the Holder shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of 30 days following receipt by the Company of written notice from the Holder.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Legion Works, Inc.), Common Stock Purchase Agreement (Legion Works, Inc.)

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, of any transfer by operation of law or other involuntary transfer (including divorce or intestate transfer upon death, but excluding transfer upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v1(b)(v) above) of all or a portion of the Shares by the record holder thereof, the Company shall have the right to purchase any or all of the Shares transferred at the fair market value of the Shares on the date of transfer (as determined by the Company in its sole discretionCompany). Upon such a transfer, the Holder shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of 30 days following receipt by the Company of written notice from the Holder.

Appears in 1 contract

Samples: Stock Restriction Agreement (Adcock Brett)

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, of any transfer by operation of law or other involuntary transfer (including divorce or intestate transfer upon death, but excluding transfer upon death by will (to any transferee) or a transfer to Immediate Family as set forth in Section 3(b)(v3(a)(v) above) of all or a portion of the Shares by the record holder thereof, the Company shall have the right to purchase any or all of the Shares transferred at the fair market value of the Shares on the date of transfer (as determined by the Company in its sole discretion). Upon such a transfer, the Holder shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of 30 days following receipt by the Company of written notice from the Holder.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Healthcare Triangle, Inc.)

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