Common use of Exercise of Tag-Along Right Clause in Contracts

Exercise of Tag-Along Right. If any Employee Shareholder desires to exercise his Tag-Along Right under this Section 4, then such Employee Shareholder shall notify Metretek Florida in writing within ten (10) days after receipt of the Tag-Along Notice that he will sell to either the Prospective Purchaser or to Metretek Florida, at Metretek Florida's option, a number of Shares on the same terms and conditions as the Selling Stockholder set forth in the Tag-Along Notice. If the Tag-Along Purchaser will not purchase all of the Shares which the Employee Shareholder wishes to sell pursuant to this Section 4, then the number of Shares which the Employee Shareholder may Transfer pursuant to this Section 4 shall be equal to the product obtained by multiplying (x) the total number of Shares being purchased by the Tag-Along Purchaser, by (y) a fraction, (i) the numerator of which is the total number of Shares owned by the Employee Shareholder, and (ii) the denominator of which is the total number of Shares then outstanding.

Exercise of Tag-Along Right. If any Employee Shareholder desires to exercise his Tag-Along Right under this Section 4, then such Employee Shareholder shall notify Metretek Florida Technologies in writing within ten (10) days after receipt of the Tag-Along Notice that he will sell to either the Prospective Purchaser or to Metretek FloridaTechnologies, at Metretek FloridaTechnologies's option, a number of Shares on the same terms and conditions as the Selling Stockholder set forth in the Tag-Along Notice. If the Tag-Along Purchaser will not purchase all of the Shares which the Employee Shareholder wishes to sell pursuant to this Section 4, then the number of Shares which the Employee Shareholder may Transfer pursuant to this Section 4 shall be equal to the product obtained by multiplying (x) the total number of Shares being purchased by the Tag-Along Purchaser, by (y) a fraction, (i) the numerator of which is the total number of Shares owned by the Employee Shareholder, and (ii) the denominator of which is the total number of Shares then outstanding.

Exercise of Tag-Along Right. If any Employee Shareholder desires to exercise his Tag-Along Right under this Section 4, then such Employee Shareholder shall notify Metretek Florida in writing within ten (10) days after receipt of the Tag-Along Notice that he will sell to either the Prospective Purchaser or to Metretek FloridaMetretek, at Metretek FloridaMetretek's option, a number of Shares on the same terms and conditions as the Selling Stockholder set forth in the Tag-Along Notice. If the Tag-Along Purchaser will not purchase all of the Shares which the Employee Shareholder wishes to sell pursuant to this Section 4, then the number of Shares which the Employee Shareholder may Transfer pursuant to this Section 4 shall be equal to the product obtained by multiplying (x) the total number of Shares being purchased by the Tag-Along Purchaser, by (y) a fraction, (i) the numerator of which is the total number of Shares owned by the Employee Shareholder, and (ii) the denominator of which is the total number of Shares then outstanding.