Notification and Settlement. In the event that the Company has elected to exercise the Reconveyance Option as to all of the Shares within the period described above, Optionee or any other person obligated to transfer the Shares shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within ten (10) days following the date of the notice from the Company. The Company shall deliver to Optionee against delivery of the Shares, checks of the Company payable to Optionee or any other person obligated to transfer the Shares or cancellation of indebtedness in the aggregate amount of the purchase price to be paid as set forth in paragraph (ii) above.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Corsair Communications Inc), Nonqualified Stock Option Agreement (Corsair Communications Inc)
Notification and Settlement. In the event that the Company has elected to exercise the Reconveyance Option as to part or all of the Shares within the period described above, Optionee Purchaser or any such other person obligated to transfer the Shares shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within ten thirty (1030) days following the date of the notice from the Company. The Company shall deliver to Optionee Purchaser against delivery of the Shares, checks of the Company payable to Optionee or Purchaser and/or any other person obligated to transfer the Shares or cancellation of indebtedness in the aggregate amount of the purchase price to be paid as set forth in paragraph (iib) above.
Appears in 2 contracts
Samples: Restricted Stock Purchase Agreement (Sonus Pharmaceuticals Inc), Restricted Stock Purchase Agreement (Sonus Pharmaceuticals Inc)
Notification and Settlement. In the event that the Company has --------------------------- elected to exercise the Reconveyance Option as to part or all of the Shares within the period described above, Optionee Purchaser or any such other person obligated to transfer the Shares shall deliver to the Company certificate(s) representing the Shares to be acquired by the Company within ten thirty (1030) days following the date of the notice from the Company. The Company shall deliver to Optionee Purchaser against delivery of the Shares, checks of the Company payable to Optionee or Purchaser and/or any other person obligated to transfer the Shares or cancellation of indebtedness in the aggregate amount of the purchase price to be paid as set forth in paragraph (iib) above.
Appears in 1 contract
Samples: Restricted Stock Purchase Agreement (Powerwave Technologies Inc)
