Common use of Exercise of Purchase Option and Closing Clause in Contracts

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Employee (or his/her estate), within 30 days after the termination of the employment of the Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Restricted Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 30 day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 30 day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Employee (or his/her his estate), within 30 60 days after the termination of the employment of the Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Restricted Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 30 60-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 30 60-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Employee (or his/her his estate), in accordance with Section 16, within 30 90 days after the termination of the employment of the Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Restricted Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 30 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 30 90-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Employee (or his/her his estate), within 30 sixty (60) days after the termination of the employment of the Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Restricted Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 30 60-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 30 60-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Employee Grantee (or his/her estatehis permitted transferees), in accordance with notice provisions of Section 11, within 30 days after the termination cessation of the employment of the Employee with the CompanyGrantee, a written notice of exercise of the Purchase Option. Such notice shall specify the number of shares of Restricted Shares Stock to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 30 30-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 30 30-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Employee (or his/her estate), within 30 days after the termination of the employment of the Employee with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Restricted Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 30 day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 30 day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Employee Grantee (or his/her his estate), in accordance with notice provisions of Section 11, within 30 days after the termination cessation of the employment of the Employee with the CompanyGrantee, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Restricted Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 30 30-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 30 30-day period.

Exercise of Purchase Option and Closing. (a) The Company may exercise the Purchase Option by delivering or mailing to the Employee Grantee (or his/her estatehis predetermined transferees), in accordance with notice provisions of Section 11, within 30 days after the termination cessation of the employment of the Employee with the CompanyGrantee, a written notice of exercise of the Purchase Option. Such notice shall specify the number of shares of Restricted Shares Stock to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 30 30-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 30 30-day period.