Common use of Repurchase at the Option of Grantee Clause in Contracts

Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to 120 days after the expiration of the Option Term (the "Put Period"), the Company (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that portion of the Option relating to all or any part of the Unexercised Option Shares (or as to which the Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the Shares purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 4 is referred to as the "Put Date." Such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 2 contracts

Samples: Stock Option Agreement (United States Filter Corp), Stock Option Agreement (Vivendi)

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Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to 120 days after the expiration of the Option Term (the "Put Period"), the Company (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that portion of the Option relating relat- ing to all or any part of the Unexercised Option Shares (or as to which the Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the Shares purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 4 is referred to as the "Put Date." Such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 1 contract

Samples: Stock Option Agreement (Mirage Resorts Inc)

Repurchase at the Option of Grantee. (a) a. At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to 120 days after the expiration of the Option Term (the "Put Period")Term, the Company Issuer (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that portion of the Option relating to all or any part of the Unexercised Option Shares (or as to which portion the Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the Shares shares of Issuer Common Stock purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 4 is referred to as the "Put Date." Such Subject to Section 7 hereof, such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 1 contract

Samples: Stock Option Agreement (Egl Inc)

Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to 120 days after the expiration of the Option Term (the "Put Period"), the Company (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that portion of the Option relating to all or any part of the Unexercised Option Shares (or as to which the Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the Shares shares of DVN Common Stock purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 4 is referred to as the "Put Date." Such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 1 contract

Samples: Stock Option Agreement (Pennzenergy Co)

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Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence during a period of an Exercise Event and prior to 120 sixty (60) days after the expiration termination fee for which provision is made in Section 9.05(e) of the Option Term Merger Agreement becomes payable (the "Put Period"), the Company Parent (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that all or any portion of the Option relating to all or any part of the Unexercised Option Shares that then remains unexercised (or as to which the Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the Shares shares of Parent Common Stock purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownershipBeneficial Ownership. The date on which the Grantee exercises its rights under this Section 4 is referred to as the "Put Date." Such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 1 contract

Samples: Stock Option Agreement (Dresser Industries Inc /De/)

Repurchase at the Option of Grantee. (a) At the request of the Grantee made at any time and from time to time after the occurrence of an Exercise Event and prior to 120 days after the expiration of the Option Term (the "Put Period")Term, the Company Issuer (or any successor thereto) shall, at the election of the Grantee (the "Put Right"), repurchase from the Grantee (i) that portion of the Option relating to all or any part of the Unexercised Option Shares (or as to which portion the Option has been exercised but the Closing has not occurred) and (ii) all or any portion of the Shares shares of Issuer Common Stock purchased by the Grantee pursuant hereto and with respect to which the Grantee then has ownership. The date on which the Grantee exercises its rights under this Section 4 is referred to as the "Put Date." Such Subject to Section 7 hereof, such repurchase shall be at an aggregate price (the "Put Consideration") equal to the sum of:

Appears in 1 contract

Samples: Stock Option Agreement (Circle International Group Inc /De/)

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