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 Option, of any transfer by operation of law or other involuntary transfer (including death or divorce, but excluding a transfer to a Permitted Transferee as set forth in Section 8(b)(vi) above) of all or a portion of the Shares by the record holder thereof, the Company shall have an option to purchase all of the Shares transferred at the greater of the purchase price paid by Purchaser pursuant to this Option or the fair market value of the Shares on the date of transfer. Upon such a transfer, the 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 thirty (30) days following receipt by the Company of written notice by the person acquiring the Shares.

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this OptionAgreement, of any transfer by operation of law or other involuntary transfer (including death or divorce, but excluding a transfer to a Permitted Transferee as set forth in Section 8(b)(vi) above) of all or a portion of the Shares by the record holder thereof, the Company shall have an option to purchase all of the Shares transferred at the greater of the purchase price paid by Purchaser for the Shares pursuant to this Option Agreement (as adjusted for any stock splits, stock dividends and the like) or the fair market value Fair Market Value of the Shares on the date of transfer. Upon such a transfer, the 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 thirty (30) days following receipt by the Company of written notice by the person acquiring the Shares.

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this OptionAgreement, of any transfer by operation of law or other involuntary transfer (including death divorce or divorcedeath, but excluding excluding, in the event of death, a transfer to a Permitted Transferee Immediate Family as set forth in Section 8(b)(vi3(a)(vi) above) of all or a portion of the Shares by the record holder thereof, the Company shall have an option the right to purchase all of the Shares transferred at the greater of the purchase price paid by Purchaser pursuant to this Option or the fair market value of the Shares on the date of transferdetermined in accordance with subsection (ii) below. Upon such a transfer, the 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 thirty (30) 30 days following receipt by the Company of written notice by the person acquiring the Shares.

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this OptionOption Agreement, of any transfer by operation of law or other involuntary transfer (including death or divorce, but excluding a transfer to a Permitted Transferee Immediate Family as set forth in Section 8(b)(vi11(a)(vi) above) of all or a portion of the Shares shares by the record holder thereof, the Company shall have an option to purchase all of the Shares shares transferred at the greater of the purchase exercise price paid by Purchaser pursuant to this Option you for the shares or the fair market value Fair Market Value of the Shares shares on the date of transfer. Upon such a transfer, the person acquiring the Shares shares shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shares shall be provided to the Company for a period of thirty (30) days following receipt by the Company of written notice by the person acquiring the Sharesshares.

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this OptionAgreement, of any transfer by operation of law or other involuntary transfer (including death or divorce, but excluding a transfer to a Permitted Transferee Immediate Family as set forth in Section 8(b)(vi3(a)(vi) above) of all or a portion of the Shares by the record holder thereof, the Company shall have an option to purchase all of the Shares transferred at the greater of the purchase price paid by Purchaser pursuant to this Option Agreement or the fair market value Fair Market Value of the Shares on the date of transfer. Upon such a transfer, the 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 thirty (30) days following receipt by the Company of written notice by the person acquiring the Shares.

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this OptionAgreement, of any transfer by operation of law or other involuntary transfer (including death divorce or divorcedeath, but excluding in the event of death a transfer to a Permitted Transferee Immediate Family as set forth in Section 8(b)(vi3(b)(vi) above) of all or a portion of the Company Shares by the record holder thereof, the Company shall have an option the right to purchase all of the Company Shares transferred at the greater of the purchase price paid by Purchaser pursuant to this Option or the fair market value of the Company Shares on the date of transfer. Upon such a transfer, the person acquiring the Company Shares shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Company Shares shall be provided to the Company for a period of thirty (30) 30 days following receipt by the Company of written notice by the person acquiring the Company Shares.

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this OptionAgreement, of any transfer by operation of law or other involuntary transfer (including death or divorce, but excluding a transfer to a Permitted Transferee Immediate Family as set forth in Section 8(b)(vi3(b)(vi) above) of all or a portion of the Shares by the record holder thereof, the Company shall have an option to purchase all of the Shares transferred at the greater of the purchase price paid by Purchaser Grantee pursuant to this Option Agreement or the fair market value Fair Market Value of the Shares on the date of transfer. Upon such a transfer, the 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 thirty (30) 30 days following receipt by the Company of written notice by the person acquiring the Shares.

Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Option, event of any transfer by operation of law or other involuntary transfer (including death or divorce, but excluding a transfer to a Permitted Transferee Immediate Family as set forth in Section 8(b)(vi5(a)(v) above) of all or a portion of the Shares by the record holder thereof, the Company shall have an option to purchase all of the Shares transferred at the greater of the purchase price paid by Purchaser pursuant to this Option Agreement or the fair market value Fair Market Value of the Shares on the date of transfertransfer (as determined by the Board). Upon such a transfer, the 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 thirty (30) days following receipt by the Company of written notice by the person acquiring the Shares.