Common use of Repurchase of Substitute Option Clause in Contracts

Repurchase of Substitute Option. (a) At the request of Grantee at any time, Substitute Option Issuer (or any successor) shall repurchase from Grantee (x) the Substitute Option and (y) all shares of Substitute Common Stock purchased by Grantee pursuant hereto with respect to which Grantee then has beneficial ownership. The date on which Grantee exercises its rights under this Section 9 is referred to as the "Section 9 Request Date". Such repurchase shall be at an aggregate price (the "Section 9 Repurchase Consideration") equal to the sum of:

Appears in 5 contracts

Samples: Stock Option Agreement (Morgan J P & Co Inc), Stock Option Agreement (Chase Manhattan Corp /De/), Stock Option Agreement (Morgan J P & Co Inc)

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Repurchase of Substitute Option. (a) At the request of Grantee at any timetime prior to the termination of the Substitute Option as set forth in Section 3(a), Substitute Option Issuer (or any successor) shall repurchase from Grantee (x) the Substitute Option and (y) all shares of Substitute Common Stock purchased by Grantee pursuant hereto with respect to which Grantee then has beneficial ownership. The date on which Grantee exercises its rights under this Section 9 is referred to as the "Section 9 Request Date". Such repurchase shall be at an aggregate price (the "Section 9 Repurchase Consideration") equal to the sum of:

Appears in 4 contracts

Samples: Agreement and Plan of Merger (FCStone Group, Inc.), Stock Option Agreement (International Assets Holding Corp), Stock Option Agreement (J P Morgan Chase & Co)

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