Purchase Right. (a) Immediately prior to the occurrence of the first NCP Liquidity Event, the Company shall purchase from the Optionholder, and the Optionholder shall sell to the Company, the Callable Shares and Options owned by the Optionholder at a per share price of $0.01. The Company shall not be required to purchase from the Optionholder, and the Optionholder shall not be required to sell to the Company, any Callable Shares and Options owned by the Optionholder upon the occurrence of any subsequent NCP Liquidity Event.
Appears in 6 contracts
Samples: Optionholder Earnout Agreement (Saratoga Beverage Group Inc), Optionholder Earnout Agreement (Saratoga Beverage Group Inc), Optionholder Earnout Agreement (Saratoga Beverage Group Inc)
Purchase Right. (a) Immediately prior to the occurrence of the first NCP Liquidity Event, the Company shall purchase from the OptionholderStockholder, and the Optionholder Stockholder shall sell to the Company, the Callable Shares and Options owned by the Optionholder Stockholder at a per share price of $0.01. The Company shall not be required to purchase from the OptionholderStockholder, and the Optionholder Stockholder shall not be required to sell to the Company, any Callable Shares and Options owned by the Optionholder Stockholder upon the occurrence of any subsequent NCP Liquidity Event.
Appears in 5 contracts
Samples: Earnout Agreement (Saratoga Beverage Group Inc), Earnout Agreement (Saratoga Beverage Group Inc), Earnout Agreement (Saratoga Beverage Group Inc)
