Common use of Put Closing Clause in Contracts

Put Closing. If the Stockholder or his Personal Representative elects to exercise his put option as described in Section 2.3 above, the Stockholder or his Personal Representative shall give written notice to the Company of such intention not later than ninety (90) days after his Termination of Employment or Sale of the Company (other than a Sale of the Company subject to the Drag-Along Right). The Closing of such repurchase shall otherwise be effected in accordance with the provisions set forth in Section 2.2 hereof for a call closing.

Put Closing. If the Stockholder or his Personal Representative personal representative elects to exercise his put option as described in Section 2.3 above, the Stockholder or his Personal Representative personal representative shall give written notice to the Company of such intention not later than ninety (90) days after his Termination of Employment or Sale of the Company (other than a Sale of the Company subject to the Drag-Along Right)Employment. The Closing of such repurchase shall otherwise be effected in accordance with the provisions set forth in Section 2.2 hereof for a call closing.

Put Closing. If the Stockholder or his Personal Representative elects to exercise his put option as described in Section 2.3 above, the Stockholder or his Personal Representative shall give written notice to the Company of such intention not later than ninety (90) days after his Termination of Employment or Sale of the Company (other than a Sale of the Company subject to the Drag-Along Right). The Closing of such repurchase shall otherwise be effected in accordance with the provisions set forth in Section 2.2 hereof for a call closing. -9- <PAGE> 3. RESTRICTIONS ON TRANSFER; DRAG-ALONG RIGHTS; TAG-ALONG RIGHTS.