Payment and Redelivery of Stock Option or Shares. In the event Parent exercises its rights under this Section 7, Company shall, within 10 business days thereafter, pay the required amount to Parent in immediately available funds and Parent shall surrender to Company the Stock Option.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (HSC Acquisition Corp), Agreement and Plan of Merger (Hills Stores Co /De/), Stock Option Agreement (Hills Stores Co /De/)
Payment and Redelivery of Stock Option or Shares. In the event Parent exercises its rights under this Section 7, the Company shall, within 10 business days thereafter, pay the required amount to Parent in immediately available funds and Parent shall surrender to the Company the Stock Option, and Parent shall warrant that it owns the Stock Option free and clear of all liens or other encumbrances of any kind or nature whatsoever.
Appears in 1 contract
Samples: Stock Option Agreement (Comverse Technology Inc/Ny/)
