Parent Put. At any time during which the Option is exercisable pursuant to Section 2 hereof (the "Repurchase Period"), upon demand by Parent, Parent shall have the right to sell to the Company (or any successor entity thereof) and the Company (or such successor entity) shall be obligated to repurchase from Parent (the "Put"), all or any portion of the Option, at the price set forth in subparagraph (i) below, or all or any portion of the Shares purchased by Parent pursuant to the exercise of the Option, at a price set forth in subparagraph (ii) below:
Appears in 3 contracts
Samples: Stock Option Agreement (Tumbleweed Communications Corp), Stock Option Agreement (Tumbleweed Communications Corp), Stock Option Agreement (Interface Systems Inc)
Parent Put. At any time during which the Option is exercisable pursuant to Section 2 hereof (the "Repurchase Period")) provided that the Company shall have consummated an Alternative Transaction, upon demand by Parent, Parent shall have the right to sell to the Company (or any successor entity thereof) and the Company (or such successor entity) shall be obligated to repurchase from Parent (the "Put"), all or any portion of the Option, at the price set forth in subparagraph (i) below, or all or any portion of the Shares purchased by Parent pursuant to the exercise of the Option, at a price set forth in subparagraph (ii) below:
Appears in 3 contracts
Samples: Voting Agreement (Worldtalk Communications Corp), Stock Option Agreement (Tumbleweed Communications Corp), Stock Option Agreement (Tumbleweed Communications Corp)
