Grant of Purchase Rights Sample Clauses

Grant of Purchase Rights. ECA hereby grants to Coors the right and --------------------------- privilege to purchase up to 5,000 shares of its Common Stock at $75.00 per share (the "Purchase Rights") in the following manner: a. On and after January 1, 1999, to and including December 31, 2003, 1667 shares. b. On and after January 1, 2000, to and including December 31, 2004, 1667 shares. c. On and after January 1, 2001, to and including December 31, 2005, 1666 shares. During each five (5) year period, shares may be purchased incrementally or in one lump sum. Coors may elect to purchase the stock by providing notice to ECA as provided in paragraph 2. In order to be entitled to exercise the Purchase Rights granted hereunder, Coors must remain an active and recognized Director of ECA during the purchase period. If Coors's Director role with ECA is completed for any reason during the purchase period, all unexercised Purchase Rights shall become null and void on the date the role is ended. Failure to exercise the Purchase Rights by December 31 of each year specified above shall result in the termination of the Purchase Rights granted during that time period and such Purchase Rights shall become null and void.
Sample 1See All (5)
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Grant of Purchase Rights. ECA hereby grants to Employee the right and privilege to purchase up to 2,500 shares of its Class A common stock (the "stock") at $75.00 per share (the "Purchase Rights"). Employee may elect to purchase the stock by providing notice to ECA as provided in paragraph 2 below no later than December 31, 1998. In order to be entitled to exercise the Purchase Rights granted hereunder, Employee must remain in good standing in the continuous employ of ECA through December 31, 1998. If Employee's employment with ECA is terminated for any reason during this period, all unexercised Purchase Rights shall become null and void.
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Grant of Purchase Rights. Subject to and in accordance with all of the terms and conditions of this Agreement, Manufacturer hereby grants to Pharmacy and its Approved Facilities, as set forth in Exhibit B (as may be amended from time to time by written agreement of the Parties) an exclusive (except as set forth in this Section 1.1), non-transferable, non-sublicensable, revocable right to purchase the product(s) as set forth in Exhibit C (“Products”). Notwithstanding anything in CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 24B-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. the foregoing to the contrary, Manufacturer may, by itself or through any of its third party vendors, sell Products to institutions for distribution within the institution. Manufacturer reserves the right to modify or add any new strength or package size of a Product approved by the U.S. Food and Drug Administration, or any successor entity thereto (the “FDA”) to this Agreement at the same terms and conditions as the existing Product in this Agreement and to remove any Product (or, where applicable, Product NDC) from this Agreement, in its sole discretion in the event that the Product is removed from the general distribution in the market, by giving written or electronic notice to Pharmacy.
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Grant of Purchase Rights. In the event the Company, at any time, issues any shares of its common stock, including without limitation any shares which may be issued as a result of the exercise of warrants, implementation of any stock option program or any Company qualified employee stock ownership plan or trust or for sale to and purchase by any Company profit-sharing plan and trust or Company qualified employee pension plan (any such issuance being herein referred to as a "Sale Event"), then National Penn shall have the right to purchase, on the terms and conditions herein set for, such number (or any lesser number) of shares of the Company's common stock as, when added to the number of shares of the Company's common stock issued in the Sale Event, constitutes 20% of the total, such percentage to be calculated as set forth in Paragraph 13 below. Nothing contained in this Paragraph 2 or elsewhere herein shall be construed to limit in any manner the right of National Penn to purchase shares of common stock of the Company in the open market from time to time in any amount.
Sample 1
Grant of Purchase Rights. 1.1 RAC grants to the Investors, together with any permitted transferee or assignee of the rights granted herein (individually, a “Holder” and collectively, the “Holders”), eight million Purchase Rights permitting them to acquire, subject to the exercise of each such Purchase Right and the payment of the Purchase Rights Exercise Price (as defined below), as the same shall be determined and adjusted as provided herein and compliance with the other provisions of this Agreement, the Purchase Rights Value (as defined below), as the same may be adjusted from time to time. 1.2 Each Investor shall be entitled to that number of Purchase Rights indicated on Schedule A attached hereto. The Purchase Rights granted herein are several to the Holders, and not joint, and each Holder shall have the right and power to exercise its Purchase Rights at any time and from time to time as provided herein, regardless of the actions of other Holders with respect to their Purchase Rights.
Sample 1
Grant of Purchase Rights. In the event that Bank at any time or times ------------------------- issues any shares of its Stock for any reason, including as a result of the exercise of any warrants, options or other rights now or hereafter issued or outstanding, its implementation of any stock option plan, or its sale or contribution of Stock to any employee stock ownership plan, employee profit sharing or pension plan, other than in any case an issuance of Stock to East Penn or to any other person or entity pursuant to the exercise of any stock purchase warrant issued to a designee of East Penn as provided in Paragraph E of the Background at the outset of this Agreement (any such event being herein referred to as a "Sale Event"), East Penn shall have the right to purchase from Bank, on the terms and conditions hereinafter set forth, such number (or any lesser number) of shares of Stock which, when added to the number of shares of Stock then held by East Penn, equals the same percentage of all shares of Stock then issued and outstanding) (including the shares of Stock then issued and outstanding (including the shares of Stock issued or to be issued in the Sale Event and to East Penn pursuant to this Paragraph 2) as the percentage held by East Penn of all shares of Stock issued and outstanding immediately before the Sale Event (such percentages to be calculated as provided in Paragraph 11 below). Nothing contained in this Paragraph 2 or elsewhere herein, except Paragraph 13 hereof, shall be construed to limit in any manner the right of East Penn to purchase Stock on the open market from time to time in any amount. Provided however, that notwithstanding any other provisions of this Paragraph 2 or elsewhere in this Agreement, and notwithstanding any provisions of any stock purchase warrant to East Penn or its designees as provided in Paragraph E of the Background at the outset of this Agreement, at no time shall East Penn and/or its designees be sold and issued by Bank shares of Stock that in the aggregate exceed twenty-four and nine tenths percent (24.9%) of all shares of Stock then issued and outstanding.
Sample 1
Grant of Purchase Rights. ECA hereby grants to Employee the right and privilege to purchase up to 2,500 shares of its Class A common stock (the "stock") at $75.00 per share (the "Purchase Rights"). Employee may elect to purchase the stock by providing notice to ECA as provided in paragraph 2 below.
Sample 1
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Grant of Purchase Rights. In consideration of Customer’s purchase of the Firm Aircraft and the mutual agreements herein contained, Boeing hereby grants to Customer rights to purchase, in each case at the times and on the terms and conditions set forth in this Letter Agreement: (a) that number of Rights Aircraft set forth in Attachment B hereto in each case for delivery in the months set forth therein (each, an “MADP Right”); [*CTR*] Each Purchase Right entitles Customer to purchase one Rights Aircraft. Customer shall be under no obligation to exercise any Purchase Right. MADP Rights [*CTR*] may be exercised in any sequence.
Sample 1

Related to Grant of Purchase Rights

  • Exercise of the Purchase Rights The purchase rights set forth in this Warrant Agreement are exercisable by the Warrantholder, in whole or in part, at any time, or from time to time, prior to the expiration of the term set forth in Section 2 above, by tendering to the Company at its principal office a notice of exercise in the form attached hereto as Exhibit I (the "Notice of Exercise"), duly completed and executed. Promptly upon receipt of the Notice of Exercise and the payment of the purchase price in accordance with the terms set forth below, and in no event later than twenty-one (21) days thereafter, the Company shall issue to the Warrantholder a certificate for the number of shares of Preferred Stock purchased and shall execute the acknowledgment of exercise in the form attached hereto as Exhibit II (the "Acknowledgment of Exercise") indicating the number of shares which remain subject to future purchases, if any. The Exercise Price may be paid at the Warrantholder's election either (i) by cash or check, or (ii) by surrender of Warrants ("Net Issuance") as determined below. If the Warrantholder elects the Net Issuance method, the Company will issue Preferred Stock in accordance with the following formula: X = Y(A-B) ------ A Where: X = the number of shares of Preferred Stock to be issued to the Warrantholder. Y = the number of shares of Preferred Stock requested to be exercised under this Warrant Agreement. A = the fair market value of one (1) share of Preferred Stock.

  • Grant of Shares The Grant Date and number of Shares underlying your Restricted Stock Award are stated on page 1 of this Award Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the 2008 Plan.

  • Repurchase Rights If the Optionee for any reason whatsoever ----------------- (including without limitation death, disability, or voluntary or involuntary termination) ceases to be employed by the Company or Banyan Worldwide, or providing services on behalf of the Company or Banyan Worldwide, prior to the date specified in Section 8(d) below for the expiration of these restrictions, then during the 90-day period following such termination the Company may elect, by written notice delivered to the Optionee, to repurchase all or any portion of the Shares, at a price per share equal to the fair market value of such Shares as of the close of business on the date of termination of the Optionee's employment. Such fair market value shall be determined by mutual agreement of the Company and the Optionee. Failing such agreement between the Optionee and the Company within 30 days of the date of the Company's notice electing to repurchase such Shares, the fair market value of such Shares shall be determined by three appraisers, one designated within five days after the termination of said 30-day period by the Optionee or his or her legal representatives (which appraiser shall not be the Optionee or his or her legal representative), one within said period of five days by the Company (which appraiser shall not be an officer, director or employee of the Company) and the third within five days after said appointment last occurring by the two appraisers so chosen. Successor appraisers, if any shall be required, shall be appointed, within a reasonable time, as nearly as may be in the manner provided as to the related original appointment. No appointment shall be deemed as having been accomplished unless such appraiser shall have accepted in writing his appointment as such within the time limited for his appointment. Notice of each appointment of an appraiser shall be given promptly to the other parties in interest. Any expenses relating to the appointment and service of an appraiser shall be paid by the party appointing such appraiser or, in the case of the appraiser appointed by the appraisers chosen by the Company and the Optionee, shall be paid by the Company. Said appraisers shall proceed promptly to determine the fair market value of said Share or Shares by agreement of any two of the appraisers, which shall be conclusive upon all parties in interest in such Shares. Promptly following such determination, the appraisers shall mail or deliver such notice of such determination to the Optionee and the Company.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Grant of Units On the Date of Grant, the Participant shall acquire, subject to the provisions of this Agreement, the Total Number of Units set forth in the Grant Notice, subject to adjustment as provided in Section 9. Each Unit represents a right to receive on a date determined in accordance with the Grant Notice and this Agreement one (1) share of Stock.

  • Purchase Rights In addition to any adjustments pursuant to Sections 2 or 3 above, if at any time the Company grants, issues or sells any Options, Convertible Securities or rights to purchase stock, warrants, securities or other property pro rata to the record holders of any class of Common Stock (the “Purchase Rights”), then the Holder will be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations or restrictions on exercise of this Warrant, including without limitation, the Beneficial Ownership Limitation) immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the grant, issuance or sale of such Purchase Rights (provided, however, that to the extent that the Holder’s right to participate in any such Purchase Right would result in the Holder and the other Attribution Parties exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase Right to the extent of the Beneficial Ownership Limitation (and shall not be entitled to beneficial ownership of such shares of Common Stock as a result of such Purchase Right (and beneficial ownership) to the extent of any such excess) and such Purchase Right to such extent shall be held in abeyance for the benefit of the Holder until such time or times, if ever, as its right thereto would not result in the Holder and the other Attribution Parties exceeding the Beneficial Ownership Limitation, at which time or times the Holder shall be granted such right (and any Purchase Right granted, issued or sold on such initial Purchase Right or on any subsequent Purchase Right held similarly in abeyance) to the same extent as if there had been no such limitation).

  • Grant of Stock Units Pursuant to the terms and conditions set forth in this Stock Award Agreement (including Section 1 above) and the Plan, the Administrator hereby grants to the Awardee named in Section 1, on the Grant Date set forth in Section 1, the number of Stock Units set forth in Section 1.

  • Purchase Right Without prejudice to the enforcement of the Senior Secured Parties’ remedies, the Senior Secured Parties agree that following (a) the acceleration of the Senior Obligations in accordance with the terms of the Credit Agreement Loan Documents or (b) the commencement of an Insolvency or Liquidation Proceeding (each, a “Purchase Event”), within thirty (30) days of the Purchase Event, one or more of the Second Priority Debt Parties may request, and the Senior Secured Parties hereby offer the Second Priority Debt Parties the option, to purchase all, but not less than all, of the aggregate amount of outstanding Senior Obligations outstanding at the time of purchase at par, plus any premium that would be applicable upon prepayment of the Senior Obligations and accrued and unpaid interest, fees, and expenses without warranty or representation or recourse (except for representations and warranties required to be made by assigning lenders pursuant to the Assignment and Assumption (as such term is defined in the First Lien Credit Agreement)). If such right is exercised, the parties shall endeavor to close promptly thereafter but in any event within ten (10) Business Days of the request. If one or more of the Second Priority Debt Parties exercise such purchase right, it shall be exercised pursuant to documentation mutually acceptable to each of the Senior Representative and the Second Priority Representative, subject to any consent rights of the Borrowers under the First Lien Credit Agreement or any applicable Senior Debt Document. If none of the Second Priority Debt Parties exercise such right, the Senior Secured Parties shall have no further obligations pursuant to this Section 5.07 for such Purchase Event and may take any further actions in their sole discretion in accordance with the Senior Debt Documents and this Agreement.

  • Grant of Stock Option The Company hereby grants the Optionee an Option to purchase shares of Common Stock, subject to the following terms and conditions and subject to the provisions of the Plan. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. The Option is not intended to be and shall not be qualified as an “incentive stock option” under Section 422 of the Code.

  • Grant of Options Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Participant a NON-QUALIFIED STOCK OPTION (the “Option”) with respect to ___________ shares of Common Stock of the Company.

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