Method of Repurchase. Holder or Owner, as the case may be, may exercise its right to require Issuer to repurchase the Option, in whole or in part, and/or any Option Shares then owned by Holder or Owner pursuant to this Section 9 by surrendering for this purpose to Issuer, at its principal office, this Agreement or certificates for Option Shares, as applicable, accompanied by a written notice or notices stating that Holder or Owner elects to require Issuer to repurchase the Option and/or such Option Shares in accordance with the provisions of this Section 9 (each such notice, a "Repurchase Notice"). Within four business days after the surrender of the Agreement for the Option and/or certificates representing Option Shares and the receipt of the Repurchase Notice, Issuer shall deliver or cause to be delivered to Holder or Owner of Option Shares, as the case may be, the applicable Option Repurchase Price and/or the Option Share Repurchase Price or, in either case, the portion that Issuer is not then prohibited under applicable law and regulation from so delivering in immediately available funds by a wire transfer to a bank account designated by grantee. In the event that the Repurchase Notice shall request the repurchase of the Option in part, Issuer shall deliver with the Option Repurchase Price a new Agreement evidencing the right of the Holder to purchase that number of shares of Common Stock purchasable pursuant to the Option at the time of delivery of the Repurchase Notice minus the number of shares of Common Stock represented by that portion of the Option then being repurchased.
Method of Repurchase. If any of the triggering conditions occur and the Company chooses to exercise the Option to Repurchase, the Company may, in its sole discretion, make payment for the shares repurchase in one of two ways. The Company may, within thirty (30) calendar days of exercising the right to repurchase, complete a cash transfer by check or a wire transfer for the full amount of the repurchase price as stated herein.
Method of Repurchase. Grantee may exercise its right to require -------------------- Issuer to repurchase the Option, in whole but not in part, or all Option Shares then owned by Grantee pursuant to this Section 9 by surrendering for such purpose to Issuer, at its principal office, this Agreement or certificates for such Option Shares, as applicable, accompanied by a written notice or notices stating that Grantee elects to require Issuer to repurchase the Option or such Option Shares in accordance with the provisions of this Section 9 (such notice, a "Repurchase Notice"). As promptly as practicable, and in any event within 2 ----------------- business days after the surrender of this Agreement or certificates representing Option Shares, as applicable, and the receipt of the Repurchase Notice relating thereto, Issuer shall deliver or cause to be delivered to Grantee the applicable Option Repurchase Price or the Option Share Repurchase Price.
Method of Repurchase. A Holder may exercise its right to require Issuer to repurchase the Option, in whole or in part, and/or any Option Shares then owned by such Holder pursuant to this Section 9 by surrendering for this purpose to Issuer, at its principal office, this Agreement or certificates for Option Shares, as applicable, accompanied by a written notice or notices stating that the Holder elects to require Issuer to repurchase the Option and/or such Option Shares in accordance with the provisions of this Section 9 (each such notice, a "Repurchase Notice"). Within two business days after the surrender of the Option and/or certificates representing Option Shares and the receipt of the Repurchase Notice, Issuer shall deliver or cause to be delivered to the Holder the applicable Option Repurchase Price and/or the Option Share Repurchase Price or, in either case, the portion that Issuer is not then prohibited under applicable law and regulation from so delivering. In the event that the Repurchase Notice shall request the repurchase of the Option in part, Issuer shall deliver with the Option Repurchase Price a new Stock Option Agreement evidencing the right of the Holder to purchase that number of shares of Common Stock purchasable pursuant to the Option at the time of delivery of the Repurchase Notice minus the number of shares of Common Stock represented by that portion of the Option then being repurchased.
Method of Repurchase. If any Management Investor desires -------------------- to exercise his rights under Section 3.1, he shall give notice to the Company of such exercise within 30 days of his termination or resignation, as the case may be. If the Company desires to exercise its rights under Section 3.1, it shall give notice of such exercise to the applicable Management Investor within 30 days of such Management Investor's termination, resignation, disability or death, as the case may be. Any repurchase pursuant to Section 3.1 shall be consummated on a business day selected by the Company not less than 30 and not more than 60 days after the date of notice; provided, however, that if any -------- ------- Capital Stock becomes subject to repurchase pursuant to Section 3.1(d) as the result of the death of any Management Investor, such Shares may be repurchased within 90 days of the date the will of such Management Investor is admitted to probate or, in the event of intestacy, within 90 days of such death. On the repurchase date, the Management Investor selling Capital Stock (the "Seller") ------ shall deliver to the Company the certificate or certificates representing the Capital Stock owned by such Seller (and any option agreements evidencing any options constituting Capital Stock) on such date against delivery by the Company to such Seller of the repurchase price in cash. All certificates for Capital Stock to be repurchased shall be duly endorsed in favor of the Company by the Seller. If any Seller shall fail to deliver such duly endorsed certificate or certificates to the Company within the time required, the Company shall cause its books and records to show that the Capital Stock subject to repurchase are bound by the provisions of this Section 3.2 and that such Capital Stock, until transferred to the Company, shall not be entitled to any proxy, dividend or other rights from the date by which such certificate or certificates should have been delivered to the Company.
Method of Repurchase. At least 10 but no more than 20 days prior to the repurchase of any unexercised Warrant pursuant to this Section 10.4, written notice shall be mailed, first class postage prepaid, to each holder of record (at the close of business on the business day next preceding the day on which notice is given) of any unexercised Warrant to be repurchased, at the address last shown on the records of the Company for such holder, notifying such holder of the repurchase to be effected, specifying the number of shares of Common Stock for which the Warrant being repurchased could be exercised (by the payment of the Warrant Price therefor) as of such date, the date and time of such repurchase, the Repurchase Price, and the place at which payment may be obtained, calling upon such holder to surrender to the Company, in the manner and place designated, such unexercised Warrants being repurchased pursuant to this Section 10.4; provided, however, that (i) the number of shares of Common Stock for which the Warrant being repurchased could be exercised (by the payment of the Warrant Price therefor) as of such date and (ii) the Repurchase Price, as each is set forth in such notice, shall be estimates only, the actual amounts being determined pursuant to Section 10.4(a) or 10.4(b), as applicable, on and as of the date set forth for such repurchase. With respect to Section 10.4(b) above, the fair market value of a share of Common Stock (purchasable upon exercise of the Warrants proposed to be repurchased) must equal or exceeded the Minimum Fair Market Value on the date of such notice as well as on the date of the noticed repurchase for such repurchase to occur. On or after the date designated for repurchase, each holder of Warrants to be repurchased shall surrender to the Company certificates or other documents representing such Warrants, in the manner and at the place designated in the repurchase notice, and thereupon (i) the Repurchase Price with respect to such repurchased Warrant shall be payable to the order of the holder of record of such Warrant, and each repurchased Warrant shall be cancelled. In the event less than all of the unexercised Warrants represented by any such certificate or other document is repurchased, a new certificate or document shall be issued representing the Warrants to the extent not repurchased. From and after the designated repurchase date, unless there shall have been a default in the payment of the Repurchase Price, all rights of the holders of unexerc...
Method of Repurchase. Within thirty (30) days after the occurrence of any of the events set forth in Paragraphs 2.1 through 2.4 above (which, for purposes of Paragraph 2.1 shall be the date of the Committee’s certification as to whether the applicable 2005 target has been satisfied), the Company shall notify Purchaser (or, in the case of Purchaser’s death, his personal representative) in the manner set forth in Paragraph 12, of the number of Shares it wishes to repurchase. Within thirty (30) days after the giving of such notice by the Company, Purchaser (or his personal representative) shall deliver to the Company any certificates evidencing such number of Shares, and upon such delivery the Company shall deliver to Purchaser (or his personal representative) cash or a check in an amount equal to the aggregate cash price paid by Purchaser upon the purchase of such number of Shares from the Company. Any Shares with respect to which the Company does not timely exercise its rights of repurchase shall cease to be subject to such rights.
Method of Repurchase. Subject to the terms of Section 8(a), Holder -------------------- or Owner, as the case may be, may exercise its right to require Issuer to repurchase the Option, in whole or in part, and/or any Option Shares then owned by Holder or Owner pursuant to this Section 8 by surrendering for this purpose to Issuer, at its principal office, this Agreement or certificates for Option Shares, as applicable, accompanied by a written notice or notices stating that Holder or Owner elects to require Issuer to repurchase the Option and/or such Option Shares in accordance with the provisions of this Section 8 (each such notice, a "Repurchase Notice"). Within four business days after the surrender of ----------------- the Agreement for the Option and/or certificates representing Option Shares and the receipt of the Repurchase Notice, Issuer shall deliver or cause to be delivered to Holder or Owner of Option Shares, as the case may be, the applicable Option Repurchase Price and/or the Option Share Repurchase Price or, in either case, the portion that Issuer is not then prohibited under applicable law and regulation from so delivering, in immediately available funds by a wire transfer to a bank account designated by Grantee.
Method of Repurchase. The Company may exercise the Competitive Activity Repurchase Option by sending written notice to the Employee, which notice shall specify (i) the number of Unvested Shares being repurchased pursuant to the Competitive Activity Repurchase Option and (ii) a brief description of the Competitive Activity engaged in by the Employee, and shall be accompanied by the Company's check for the repurchase price of such shares. Upon sending such notice and check, the Company shall become the legal and beneficial owner of such shares and any rights and interest therein and relating thereto, and the Company shall have the right to retain and transfer to its own name the number of such shares so repurchased.
Method of Repurchase. Cerner may exercise its right to require -------------------- DHT to repurchase the Option, in whole but not in part, or all Option Shares then owned by Cerner pursuant to this Section 9 by surrendering for such purpose to DHT, at its principal office, this Agreement or certificates for such Option Shares, as applicable, accompanied by a written notice or notices stating that Cerner elects to require DHT to repurchase the Option or such Option Shares in accordance with the provisions of this Section 9 (such notice, a "Repurchase Notice"). As promptly as practicable, and in any event within 15 Business Days after the surrender of this Agreement or a certificate or certificates representing Option Shares and the receipt of the Repurchase Notice relating thereto, DHT shall deliver or cause to be delivered to Cerner the applicable Option Repurchase Price or the Option Share Repurchase Price or the portion thereof that DHT is not then prohibited under applicable law and regulation from so delivering.
