Management Stockholder Put Sample Clauses

Management Stockholder Put. (a) Upon the termination of the employment of any Management Stockholder with the Company or any of its Subsidiaries (a “Put Event”) by virtue of death or Disability, then such Management Stockholder (and each Permitted Transferee of such Management Stockholder who has been transferred Shares pursuant to this Agreement from such Management Stockholder) shall have the right to sell (the “Put Option”), by delivery of a written notice (the “Put Notice”) to the Company no later than sixty (60) days after the date of such Put Event, and the Company shall be required to purchase all (but not less than all) of the Put Securities at a price per share equal to the Put Price (as defined below) of such Put Securities as of the date the Put Notice is delivered. For purposes of this Section 2.3(a), the term “Put Price” shall mean: