Examples of Company Call Option in a sentence
The Company Call Option shall be exercisable not later than thirty (30) days after such termination by notice to Executive from the Company.
The certificates representing shares of Executive Stock subject to the Company Call Option shall bear a legend referring to the foregoing restrictions.
Executive may not directly or indirectly, sell, assign, mortgage, hypothecate, transfer, pledge, create a security interest in or lien upon, encumber, give, place in trust, or otherwise voluntarily dispose of any shares of Executive Stock subject to the Company Call Option (collectively a “Transfer”) and any purported Transfer of any certificate representing shares of Executive Stock subject to the Company Call Option shall be void and of no effect.
The Company shall have the right to purchase sixty percent (60%), rounded to the nearest share and decreasing by five percent (5%) each calendar quarter, of the shares of Executive Stock upon Executive’s termination of this Agreement or a Termination by the Company for Cause, provided, however, that there shall be no Company Call Option if such termination by Executive is due to Constructive Discharge, a Change of Control, Death, or Disability (the “Company Call Option”).
The Equity issued hereunder shall be uncertificated shares and shall be subject to all of the terms and restrictions contained in the Stockholders Agreement, including, without limitation: Section 3 (Transfer of Stock); Section 7 (Piggyback Registration Rights); Section 8 (Tag-Along Rights) and Section 9 (Drag-Along Sales), except that the provisions of Section 4 (Company "Call" Option) shall not apply to the Equity.
The certificates representing shares of Employee Stock subject to the Company Call Option shall bear a legend referring to the foregoing restrictions.
This Warrant may be called in whole or in part at the option of the Company from time to time, subject to the following conditions, including the conditions set forth in Section 7(b) (the "Company Call Option"), if the Per Share Market Value of the Common Stock for thirty (30) consecutive Trading Days exceeds two hundred percent (200%) of the then effective Exercise Price.
The Company shall have the right to purchase sixty percent (60%), rounded to the nearest share and decreasing by five percent (5%) each calendar quarter, of the shares of Employee Stock upon Employee’s termination of this Agreement or a Termination by the Company for Cause, provided, however, that there shall be no Company Call Option if such termination by Employee is due to Constructive Discharge, a Change of Control, Death, or Disability (the “Company Call Option”).
The Company Call Notice shall state that the Company has elected to exercise the Company Call Option, and the number and price of the Shares with respect to which the Company Call Option is being exercised.
The Company Call Option shall be exercisable not later than thirty (30) days after such termination by notice to Employee from the Company.