Common use of Right to Purchase the Incentive Securities Clause in Contracts

Right to Purchase the Incentive Securities. (a) Call Option - Non-Achievement of Performance Threshold. In the event that the Performance Vesting Incentive Securities do not become Vested Securities as a result of the Performance Threshold not being achieved upon a Change in Control or Public Offering in accordance with Section 2(f), such Performance Vesting Incentive Securities may be purchased the Company or the Xxxx Investors or such other Person as the Xxxx Investors may identify, at the lower of Fair Market Value and their Original Cost in accordance with the procedure set forth in Section 9(b)(iv).

Appears in 3 contracts

Samples: S Agreement, ’s Agreement (Styron Canada ULC), ’s Agreement (Trinseo S.A.)

AutoNDA by SimpleDocs

Right to Purchase the Incentive Securities. (a) Call Option - Non-Achievement of Performance Threshold. In the event that the Performance Vesting Incentive Securities do not become Vested Securities as a result of the Performance Threshold not being achieved upon a Change in Control or Public Offering in accordance with Section 2(f), such Performance Vesting Incentive Securities may be purchased by the Company or the Xxxx Investors or such other Person as the Xxxx Investors may identify, at the lower of Fair Market Value and their Original Cost in accordance with the procedure set forth in Section 9(b)(iv).

Appears in 1 contract

Samples: Employment Agreement (Styron Canada ULC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.