Common use of Grant of the Purchase Option Clause in Contracts

Grant of the Purchase Option. Stockholder hereby grants to Parent and Purchaser an exclusive and irrevocable option to purchase the Stockholder's Equity, payable in an amount of cash equal to $2.00 per share of Common Stock, and, subject to the provisions of Section 1.03, with respect to each Stock Option, the positive difference between $2.00 and the price per share of Common Stock for which such Stock Option is exercisable (the "Cash Purchase Price") (the Cash Purchase Price, together with any rights to receive additional consideration pursuant to Sections 5.03 and 5.04 of the Transaction Agreement, the "Purchase Option Consideration").

Grant of the Purchase Option. Stockholder hereby grants to Parent and Purchaser an exclusive and irrevocable option to purchase the Stockholder's Equity, payable in an amount of cash equal to $2.00 0.79 per share of Common Stock, and, subject to the provisions of Section 1.03, with respect to each Stock Option, the positive difference between $2.00 0.79 and the price per share of Common Stock for which such Stock Option is exercisable (the "Cash Purchase Price") (the Cash Purchase Price, together with any rights to receive additional consideration pursuant to Sections Section 5.03 and 5.04 of the Transaction Agreement, the "Purchase Option Consideration").

Grant of the Purchase Option. Stockholder hereby grants to Parent and Purchaser an exclusive and irrevocable option to purchase the Stockholder's Equity, payable in an amount of cash equal to $2.00 1.50 per share of Common Stock, and, subject to the provisions of Section 1.03, with respect to each Stock Option, the positive difference between $2.00 1.50 and the price per share of Common Stock for which such Stock Option is exercisable (the "Cash Purchase Price") (the Cash Purchase Price, together with any rights to receive additional consideration pursuant to Sections Section 5.03 and 5.04 of the Transaction Agreement, the "Purchase Option Consideration").