Repurchase of Options. The Company hereby repurchases from the Seller, and the Seller hereby sells to the Company, the Designated Options (as defined in Section 4(c) hereof).
Repurchase of Options. XXXXXXXX has been granted the following stock options: April 28, 2007 $ 1.00 65,625 65,625 April 28, 2007, repriced February 1, 2008 $ 0.33 109,375 65,625 On the Effective Date, Kreido will repurchase all Options to purchase shares of Kreido common stock from XXXXXXXX for $175.00.
Repurchase of Options. Immediately prior to the Closing, USG shall have redeemed all outstanding options to purchase USG Stock from all persons other than the Holders listed on Schedule 2.03 of the Disclosure Schedule and shall deliver evidence of such redemption in a form reasonably satisfactory to Leisure at the Closing.
Repurchase of Options. (a) Prior to the occurrence of an Acquisition Event, Humboldt shall have no right to repurchase the Options and Tehama shall have no right to require Humboldt to repurchase the Options.
(b) At any time after the occurrence of an Acquisition Event, Humboldt shall have the right to purchase (or to cause a person designated by Humboldt to purchase), and Tehama shall have the right to require that Humboldt repurchase (or, if Humboldt shall so elect, cause a person designated by Humboldt to purchase), (i) all (but not fewer than all) the Options at the time beneficially owned by Tehama and its Affiliates at the Option Call Price in effect for such Options on the date of closing (as provided below) and (ii) all (but not fewer than all) of the shares of Common Stock purchased by Tehama and its Affiliates pursuant to this Agreement with respect to which Tehama has beneficial ownership at a price equal to the aggregate Market Value for such shares as of the date of closing (as provided below). Any purchase pursuant hereto shall take place on a Business Day specified in a notice given by Humboldt to Tehama or by Tehama to Humboldt, as the case may be (but in no event prior to the 30th day following the date of any such notice to Tehama or later than the 30th day following the date of any such notice to Humboldt).
(c) The closing of any repurchase of Options and/or shares pursuant to this Section 2.1 shall take place at 10:00 a.
Repurchase of Options. Within the thirty (30) day period prior to the Expiration Time, Sun Cardinal, SCSF Cardinal or any their respective affiliates (as determined by Sun Cardinal or SCSF Cardinal) (“Purchaser”) shall have a right to purchase from Xxxxxxxx (or any successor in interest by purchase, gift or other mode of transfer) all or any number of the Options, as determined by Purchaser in Purchaser’s sole discretion. Such purchase shall be made, in respect of each Option that the Purchaser elects to purchase, at the lower of (i) $120.78 per Option to acquire a share of non-voting common stock of the Company (a “Share”) (as such amount may be adjusted pursuant to Section 3(c)) or (ii) the Fair Market Value of a Share at the time of the Repurchase Notice (as defined below) minus, in the case of clause ii only, $1.00 (such amount, the “Purchase Price”). This right to purchase the Options shall be exercisable by Purchaser within the thirty (30) day period prior to the Expiration Time by: (i) giving written notice of such purchase to Xxxxxxxx (a “Repurchase Notice”), which such Repurchase Notice shall include the number of Options that are to be purchased by the Purchaser, (ii) tendering payment of the applicable purchase price of the Options to Xxxxxxxx within thirty (30) days of the delivery of such Repurchase Notice and (iii) complying with such other terms and conditions established herein. The Purchase Price may be made, at the discretion of the Company, (x) entirely in cash, (y) in a combination (as determined by the Parent in its good faith sole discretion) of cash and in a number of shares of non-voting common stock of the Parent valued at the Fair Market Value of such shares (as defined below) as of the date of the Repurchase Notice (“Parent Stock”) or (z) entirely in Parent Stock valued at the Fair Market Value of such shares as of the date of the Repurchase Notice. For purposes of this Agreement, “Fair Market Value” of either Company Stock or Parent Stock shall be determined by Parent in its good faith sole discretion, it being understood that the Parent, in determining Fair Market Value, shall consider the results of at least one commonly used business valuation methodology. Xxxxxxxx hereby agrees that in the event that any portion of the Purchase Price is paid in Parent Stock, Xxxxxxxx will enter into an agreement containing customary representations and warranties regarding the Options and the Parent Stock substantially similar to the representations and warranties...
Repurchase of Options. BINNINGER xxx xxxx granted the following stock options: Exercise Option Shares Price per Option Share Vested as of Grant Date share Quantity April 15, 2009 July 1, 1999 $ 0.09 33,848 33,848 July 26, 2007 $ 0.44 100,000 100,000 July 29, 2007 repriced February 1, 2008 $ 0.33 25,000 25,000 December 10, 2007 0.30 1,250,000 1,250,000 On the Effective Date, Kreido will repurchase all Options to purchase shares of Kreido common stock from BINNINGER xxx $0,050.00.
Repurchase of Options. Section 8.15 of the Credit Agreement is hereby amended and as so amended shall be restated in its entirety to read as follows:
Repurchase of Options. 13 Section 7.06. Deferred Compensation Agreements........................................14 Section 7.07. Time....................................................................14 ARTICLE VIII CONDITIONS PRECEDENT TO OBLIGATIONS OF LEISURE AND ACQUISITION SUB Section 8.01. Accuracy of Representations and Warranties..............................14 Section 8.02. Performance of Agreements...............................................14 Section 8.03. Corporate Approval......................................................14 Section 8.04. Repurchase of Options...................................................14
Repurchase of Options. In any case where the Optionee exercises his or her right (the "Put Right") to require the Company to purchase shares of Common Stock from the Optionee pursuant to Section 4.1 or 4.2, as applicable, of the Management Equity Rollover Agreement, dated November 9, 2000, between the Optionee and TCA Acquisition Corporation (the "Equity Agreement"), the Company shall also be required to pay the Optionee an additional amount equal to the excess, if any, of the Fair Market Value (as defined in the Equity Agreement) per share over the Option Price in respect of the termination of each outstanding exercisable Option then held by the Optionee. In addition, in any case where the Company exercises its right (the "Call Right") to purchase shares of Common Stock from the Optionee pursuant to Section 4.4 of the Equity Agreement, the Company shall also have the right to pay the Optionee an additional amount equal to the excess, if any, of the Fair Market Value per share over the Option Price in respect of the termination of each outstanding exercisable Option then held by the Optionee.
Repurchase of Options. Section 6 of the Agreement is hereby amended --------------------- by the addition of a new subsection (g) as follows
