Common use of Participant’s Put Right Clause in Contracts

Participant’s Put Right. If at any time there is no longer a regular public trading market for the Common Stock, the Participant will have the right to require the Company to purchase any or all of the vested Restricted Shares in accordance with this Section 4. The Participant’s right to require the Company to purchase vested Restricted Shares may be exercised by delivering a written notice (the “Put Notice”) to the Company that sets forth the Participant’s irrevocable undertaking to sell to the Company the number of vested Restricted Shares stated in such Put Notice. The purchase price per share to be paid for the Participant’s vested Restricted Shares will be the Market Value per Share on the closing date of the purchase and sale contemplated by this Section 4, which will occur on the 30th day following delivery of the Put Notice or such earlier date as may be agreed to by the parties. At such closing, the Company will deliver the aggregate purchase price to the Participant in cash, against delivery by the Participant of certificates representing the vested Restricted Shares being purchased, free and clear of all liens, claims and encumbrances and endorsed in good form for transfer.

Participant’s Put Right. If at any time there is no longer a regular public trading market for the Common Stock, the Participant will have the right to require the Company to purchase any or all of the vested Restricted Shares in accordance with this Section 4, provided the Participant has held such shares for at least six months. The Participant’s right to require the Company to purchase vested Restricted Shares may be exercised by delivering a written notice (the “Put Notice”) to the Company that sets forth the Participant’s irrevocable undertaking to sell to the Company the number of vested Restricted Shares stated in such Put Notice. The purchase price per share to be paid for the Participant’s vested Restricted Shares will be the Market Value per Share on the closing date of the purchase and sale contemplated by this Section 4, which will occur on the 30th day following delivery of the Put Notice or such earlier date as may be agreed to by the parties. At such closing, the Company will deliver the aggregate purchase price to the Participant in cash, against delivery by the Participant of certificates representing the vested Restricted Shares being purchased, free and clear of all liens, claims and encumbrances and endorsed in good form for transfer.

Participant’s Put Right. If at any time there is no longer a regular public trading market for the Common Stock, the Participant will have the right to require the Company to purchase any or all of the vested Restricted Shares in accordance with this Section 4, provided the Participant has held such shares for at least six months. The Participant’s ' s right to require the Company to purchase vested Restricted Shares may be exercised by delivering a written notice (the “"Put Notice”") to the Company that sets forth the Participant’s 's irrevocable undertaking to sell to the Company the number of vested Restricted Shares stated in such Put Notice. The purchase price per share to be paid for the Participant’s 's vested Restricted Shares will be the Market Value per Share on the closing date of the purchase and sale contemplated by this Section 4, which will occur on the 30th day following delivery of the Put Notice or such earlier date as may be agreed to by the parties. At such closing, the Company will deliver the aggregate purchase price to the Participant in cash, against delivery by the Participant of certificates representing the vested Restricted Shares being purchased, free and clear of all liens, claims and encumbrances and endorsed in good form for transfer.

Participant’s Put Right. If at any time there is no longer a regular public trading market for the Common Stock, the Participant will have the right to require the Company to purchase any or all of the vested Restricted Shares in accordance with this Section 4, provided the Participant has held such shares for at least six months. The Participant’s 's right to require the Company to purchase vested Restricted Shares may be exercised by delivering a written notice (the “"Put Notice”") to the Company that sets forth the Participant’s 's irrevocable undertaking to sell to the Company the number of vested Restricted Shares stated in such Put Notice. The purchase price per share to be paid for the Participant’s 's vested Restricted Shares will be the Market Value per Share on the closing date of the purchase and sale contemplated by this Section 4, which will occur on the 30th day following delivery of the Put Notice or such earlier date as may be agreed to by the parties. At such closing, the Company will deliver the aggregate purchase price to the Participant in cash, against delivery by the Participant of certificates representing the vested Restricted Shares being purchased, free and clear of all liens, claims and encumbrances and endorsed in good form for transfer.