Examples of Disposition Shares in a sentence
Disposition Shares received may be sold or disposed of as permitted by law or Company policy applicable to the employee.
Such notice (the "Sale Notice") shall indicate the number of Stock Agreements Shares which such Restricted Holder or Restricted Group has determined to Transfer in an Open Market Sale (the "Proposed Disposition Shares") on such day or days and shall comply with Section 3.5 hereof (if applicable).
Moreover, the multidisciplinary characteristics of EPC Projects force E&C employees to use several and different tools in order to develop all the necessary documents.The E&C Companies are aware of the need to move towards an integration of such tools, under the umbrella of the PLM (Product Lifecycle Management) new acronym.
If the Company does not intend to exercise the Company’s Right of First Refusal in full or if the Company is not lawfully able to repurchase all of the Disposition Shares, the Company will send written notice thereof (the “Company’s Expiration Notice”) to the Selling Owner and to each other Owner at least 10 days before the expiration of the Company’s Refusal Period.
The Company shall have a right of first refusal (the “Company’s Right of First Refusal”) to purchase all or any portion of the Disposition Shares, if the Company gives written notice of the exercise of such right to the Selling Owner within 20 days (the “Company’s Refusal Period”) from the receipt of the Transfer Notice.
The Company has made available to Parent prior to the date hereof copies of the Company’s articles of incorporation and the Company’s bylaws and the comparable governing documents of each of the Company Subsidiaries, in each case, as amended and in full force and effect as of the date hereof.
If the Company does not purchase all of the Disposition Shares pursuant to the Company’s Right of First Refusal, the non-selling Owners (the “Non-Selling Owners”) shall have a right of second refusal (the “Owners’ Right of Second Refusal”) to purchase the remaining Disposition Shares (the “Remaining Disposition Shares”) by giving written notice of the exercise of such right to the Selling Owner and the Company within 20 days from receipt of the Company’s Expiration Notice.
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Each Non-Selling Owner shall have the right to purchase such Owner’s Proportionate Share (based upon the group of Non-Selling Owners) of the Remaining Disposition Shares.
If any Non-Selling Owner elects not to purchase his or its Proportionate Share of the Remaining Disposition Shares, the other Non-Selling Owners may purchase their respective Proportionate Share (based on the group of the other Non-Selling Owners) of such Remaining Disposition Shares, and so on for any unpurchased Remaining Disposition Shares, until no Non-Selling Owner desires to purchase any more Remaining Disposition Shares.