Transfer to Third Parties. Any exercise by the Company of its Transfer Option in which the Company elects to cause UICI to transfer shares of Common Stock to one or more Persons unaffiliated with UICI shall be governed by the following terms. The Company may elect to cause the transfer of shares pursuant to this Section 5(c) in a private placement, in which case the provisions of Section 5(c)(i) shall apply, or may elect to cause the shares to be sold in a public offering, in which case the provisions of Section 5(c)(ii) shall apply.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Healthaxis Inc), Agreement and Plan of Reorganization (Healthaxis Inc), Agreement and Plan of Reorganization (Healthaxis Inc)
