Common use of Right to Retain Shares Clause in Contracts

Right to Retain Shares. If the options of the Company and the CD&R Investors to purchase the Shares pursuant to this Section 5 are not exercised with respect to all of the Shares, the Employee shall be entitled to retain the remaining Shares, although those Shares shall remain subject to all of the other provisions of this Agreement.

Appears in 4 contracts

Samples: Stock Subscription Agreement (Servicemaster Co), Stock Subscription Agreement (Servicemaster Co), Employee Stock Subscription Agreement (Servicemaster Co)

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Right to Retain Shares. If the options of the Company and the CD&R Investors to purchase the Shares pursuant to this Section 5 are not exercised with respect to all of the Shares, the Employee Director shall be entitled to retain the remaining Shares, although those Shares shall remain subject to all of the other provisions of this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Servicemaster Global Holdings Inc), Director Stock Subscription Agreement (Servicemaster Co, LLC)

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