Common use of Exercise of Redemption Option Clause in Contracts

Exercise of Redemption Option. The Redemption Option shall be exercised by written notice signed by an officer of the Company or by any assignee or assignees of the Company and delivered or mailed as provided in Section 15(a). Such notice shall identify the number of shares of the Stock to be redeemed and shall notify Employee of the time, place and date for settlement of such redemption, which shall be scheduled by the Company within the term of the Redemption Option set forth in Section 2(a) above. Upon delivery of such notice, the Company shall become the legal and beneficial owner of the Stock being redeemed and all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own name the Stock being redeemed by the Company, without further action by Employee.

Exercise of Redemption Option. The Redemption Option Option, when and to the extent exercisable, shall be exercised by written notice within the period specified in Section 2(a) above, signed by an officer of the Company or by any assignee or assignees of the Company Company, and delivered or mailed as provided in Section 15(a)13. Such notice shall identify the number of shares of the Unvested Stock to be redeemed and shall notify Employee of the time, place and date for settlement of such redemption, redemption (which date shall be scheduled by no earlier than twenty (20) business days following the Company within the term of the Redemption Option set forth in Section 2(a) above. Upon delivery date of such redemption notice). Effective as of such redemption date, the Company shall become the legal and beneficial owner of the Unvested Stock being redeemed and all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own name the Unvested Stock being redeemed by the Company, without further action by EmployeeStockholder.

Exercise of Redemption Option. The Redemption Option shall be exercised by written notice signed by an officer of the Company or by any assignee or assignees of the Company and delivered or mailed as provided in Section 15(a14(a). Such notice shall identify the number of shares of the Stock to be redeemed and shall notify Employee Grantee of the time, place and date for settlement of such redemption, which shall be scheduled by the Company within the term of the Redemption Option set forth in Section 2(a) above. Upon delivery of such notice, the Company shall become the legal and beneficial owner of the Stock being redeemed and all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own name the Stock being redeemed by the Company, without further action by EmployeeGrantee.