Common use of Termination of Repurchase Option Clause in Contracts

Termination of Repurchase Option. The Repurchase Option set forth in this Section 8 shall continue with respect to all Executive Securities following any Transfer thereof; provided that such Repurchase Option shall terminate effective immediately after the consummation of a Sale of the Company or a Public Offering of the Company's equity securities in which the Company receives net proceeds of at least $100 million; and provided further that, with respect to each share of Executive Securities, the Repurchase Option with respect to such share shall terminate immediately upon the Transfer of such share pursuant to a Public Sale.

Appears in 4 contracts

Samples: Management Agreement (United Industries Corp), Management Agreement (United Industries Corp), Management Agreement (United Industries Corp)

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Termination of Repurchase Option. The Repurchase Option set forth in this Section SECTION 8 shall continue with respect to all Executive Securities following any Transfer thereof; provided PROVIDED that such Repurchase Option shall terminate effective immediately after the consummation of a Sale of the Company or a Public Offering of the Company's equity securities in which the Company receives net proceeds of at least $100 million; and provided further PROVIDED FURTHER that, with respect to each share of Executive Securities, the Repurchase Option with respect to such share shall terminate immediately upon the Transfer of such share pursuant to a Public Sale.

Appears in 1 contract

Samples: Management Agreement (United Industries Corp)

Termination of Repurchase Option. The Repurchase Option set forth in this Section 8 4.4 shall continue with respect to all Executive Securities Shares following any Transfer thereof; provided that such Repurchase Option shall terminate effective immediately after the consummation of a Sale of the Company or a Public Offering of the Company's equity securities in which the Company receives net proceeds of at least $100 million; and provided further that, with respect to each share of Executive SecuritiesShare, the Repurchase Option with respect to such share Share shall terminate immediately upon the Transfer of such share Share pursuant to a Public Sale.

Appears in 1 contract

Samples: Industries Corporation Stock Option Agreement (United Industries Corp)

Termination of Repurchase Option. The Repurchase Option set forth in this Section 8 SECTION 4.4 shall continue with respect to all Executive Securities Shares following any Transfer thereof; provided PROVIDED that such Repurchase Option shall terminate effective immediately after the consummation of a Sale of the Company or a Public Offering of the Company's equity securities in which the Company receives net proceeds of at least $$ 100 million; and provided further PROVIDED FURTHER that, with respect to each share of Executive SecuritiesShare, the Repurchase Option with respect to such share Share shall terminate immediately upon the Transfer of such share Share pursuant to a Public Sale.

Appears in 1 contract

Samples: Industries Corporation Stock Option Agreement (United Industries Corp)

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Termination of Repurchase Option. The Repurchase Option set forth in this Section 8 SECTION 4.4 shall continue with respect to all Executive Securities Shares following any Transfer thereof; provided PROVIDED that such Repurchase Option shall terminate effective immediately after the consummation of a Sale of the Company or a Public Offering of the Company's equity securities in which the Company receives net proceeds of at least $100 million; and provided further PROVIDED FURTHER that, with respect to each share of Executive SecuritiesShare, the Repurchase Option with respect to such share Share shall terminate immediately upon the Transfer of such share Share pursuant to a Public Sale.

Appears in 1 contract

Samples: Industries Corporation Stock Option Agreement (United Industries Corp)

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