Common use of PUT OPTION RIGHTS UPON A CHANGE-IN-CONTROL Clause in Contracts

PUT OPTION RIGHTS UPON A CHANGE-IN-CONTROL. Following a Change-in-Control, the Executive shall have the right to sell to the Company (the "put option") all or any portion of the shares of Company stock granted to him under his Employment Agreement or obtained through the exercise of Company-granted stock options which he owned (or to which he was entitled under an outstanding stock option or other agreement) as of the date of the Change-in-