Common use of Share Repurchase Price Clause in Contracts

Share Repurchase Price. Share Repurchase Price" shall mean the product of (A) the sum of (I) the Exercise Price paid by Parent per share of the Company Common Stock acquired pursuant to the Company Option and (II) if the Share Repurchase Market/Offer Price (as defined below) is greater than the Exercise Price, the difference between the Share Repurchase Market/Offer Price and the Exercise Price, and (B) the number of shares of the Company Common Stock to be repurchased pursuant to this Section 7. "Share Repurchase Market/Offer Price" shall mean, as of any date, the higher of (X) the highest price per share offered pursuant to a tender or exchange offer or other business combination offer involving the Company as the target party during the Repurchase Period prior to the delivery by Parent of a notice of repurchase, and (Y) the Fair Market Value (as defined in Section 7(b)(iii)) of the Company Common Stock as of such date.

Appears in 2 contracts

Samples: Stock Option Agreement (CFM Technologies Inc), Stock Option Agreement (Mattson Technology Inc)

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Share Repurchase Price. Share Repurchase Price" shall mean the product of (A) the sum of (I) the Exercise Price paid by Parent 3Com per share of the Company USR Common Stock acquired pursuant to the Company USR Option and (II) if the Share Repurchase Market/Offer Price (as defined below) is greater than the Exercise Price, the difference between the Share Repurchase Market/Offer Price and the Exercise Price, and (B) the number of shares of the Company USR Common Stock to be repurchased pursuant to this Section 7. "Share Repurchase Market/Offer Price" shall mean, as of any date, the higher of (X) the highest price per share offered pursuant to a tender or exchange offer or other business combination offer involving the Company USR as the target party during the Repurchase Period prior to the delivery by Parent 3Com of a notice of repurchase, and (Y) the Fair Market Value (as defined in Section 7(b)(iii)) of the Company USR Common Stock as of such date.

Appears in 1 contract

Samples: Stock Option Agreement (3com Corp)

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Share Repurchase Price. Share Repurchase Price" shall mean the product of (A) the sum of (I) the Exercise Price paid by Parent USR per share of the Company 3Com Common Stock acquired pursuant to the Company 3Com Option and (II) if the Share Repurchase Market/Offer Price (as defined below) is greater than the Exercise Price, the difference between the Share Repurchase Market/Offer Price and the Exercise Price, and (B) the number of shares of the Company 3Com Common Stock to be repurchased pursuant to this Section 7. "Share Repurchase Market/Offer Price" shall mean, as of any date, the higher of (X) the highest price per share offered pursuant to a tender or exchange offer or other business combination offer involving the Company 3Com as the target party during the Repurchase Period prior to the delivery by Parent USR of a notice of repurchase, and (Y) the Fair Market Value (as defined in Section 7(b)(iii)) of the Company 3Com Common Stock as of such date.

Appears in 1 contract

Samples: Stock Option Agreement (U S Robotics Corp/De/)

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