Common use of Failure of Company or its Designee to Purchase Offered Shares Clause in Contracts

Failure of Company or its Designee to Purchase Offered Shares. If all of the Offered Shares are not purchased by the Company and/or its designee within the 30-day period granted for such purchases, then any remaining Offered Shares may be sold, assigned or transferred pursuant to the Offer; provided, that the Offered Shares are so transferred within 30 days of the expiration of the 30-day period to the person or persons named in, and under the terms and conditions of, the bona fide Offer described in the notice to the Company; and provided further, that such persons agree to execute and deliver to the Company a written agreement, in form and content satisfactory to the Company, agreeing to be bound by the terms and conditions of this Option.

Appears in 17 contracts

Samples: Stock Option Agreement (Accesspoint Corp /Nv/), Stock Option Agreement (Accesspoint Corp /Nv/), Stock Option Agreement (Accesspoint Corp /Nv/)

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Failure of Company or its Designee to Purchase Offered Shares. If all of the Offered Shares are not purchased by the Company and/or its designee within the thirty (30-) day period granted for such purchases, then any remaining Offered Shares may be sold, assigned or transferred pursuant to the Offer; provided, that the Offered Shares are so transferred within 30 days of the expiration of the thirty (30-) day period to the person or persons named in, and under the terms and conditions of, the bona fide Offer described in the notice to the Company; and provided further, that such persons agree to execute and deliver to the Company a written agreement, in form and content satisfactory to the Company, agreeing agree- ing to be bound by the terms and conditions of this the Option.

Appears in 10 contracts

Samples: Stock Option Agreement (Xsunx Inc), Stock Option Agreement (Xsunx Inc), Stock Option Agreement (Xsunx Inc)

Failure of Company or its Designee to Purchase Offered Shares. If all of the Offered Shares are not purchased by the Company and/or its designee within the 3010-day period granted for such purchases, then any remaining Offered Shares may be sold, assigned or transferred pursuant to the Offer; provided, that the Offered Shares are so transferred within 30 15 days of the expiration of the 3010-day period to the person or persons named in, and under the terms and conditions of, the bona fide Offer described in the notice to the Company; and provided further, that such persons agree to execute and deliver to the Company a written agreement, in form and content satisfactory to the Company, agreeing to be bound by the terms and conditions of this OptionAgreement.

Appears in 10 contracts

Samples: Stock Bonus Agreement (Accesspoint Corp /Nv/), Stock Bonus Agreement (Accesspoint Corp /Nv/), Stock Bonus Agreement (Accesspoint Corp /Nv/)

Failure of Company or its Designee to Purchase Offered Shares. If all of the Offered Shares are not purchased by the Company and/or its designee within the 30-day period granted for such purchases, then any remaining the Offered Shares may be sold, assigned or transferred pursuant to the Offer; provided, that the Offered Shares are so transferred within 30 days of the expiration of the 30-day period to the person or persons named in, and under the terms and conditions of, the bona fide Offer described in the notice to the Company; and provided further, that such persons agree to execute and deliver to the Company a written agreement, in form and content satisfactory to the Company, agreeing to be bound by the terms and conditions of this Option.

Appears in 5 contracts

Samples: Stock Option Agreement (Accesspoint Corp /Nv/), Stock Option Agreement (Accesspoint Corp /Nv/), Stock Option Agreement (Accesspoint Corp /Nv/)

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Failure of Company or its Designee to Purchase Offered Shares. If all of the Offered Shares are not purchased by the Company and/or its designee within the thirty (30-) day period granted for such purchases, then any remaining Offered Shares may be sold, assigned or transferred pursuant to the Offer; provided, that the Offered Shares are so transferred within 30 days of the expiration of the thirty (30-) day period to the person or persons named in, and under the terms and conditions of, the bona fide Offer described in the notice to the Company; and provided further, that such persons agree to execute and deliver to the Company a written agreement, in form and content satisfactory to the Company, agreeing to be bound by the terms and conditions of this the Option.

Appears in 1 contract

Samples: Stock Option Agreement (Xsunx Inc)

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