Examples of Management Call Group in a sentence
Any Management Call Option may be exercised by delivery of written notice thereof (the “Management Call Notice”) to all members of the applicable Management Call Group from whom the Company has elected to purchase Shares no later than the Management Call Notice Date.
If such termination is the result of termination by the Company or its subsidiaries and such termination is not for Cause, then the Company may purchase all or any portion of the Shares held by such Management Call Group at a per Share price equal to the Fair Market Value of such Shares on the Management Call Notice Date.
If such termination is the result of termination by a Manager (but not by the Company) other than by reason of the Manager’s death or Disability and other than in circumstances where the Company or its subsidiaries would have grounds to terminate such Manager for Cause, then the Company may purchase all or any portion of the Shares held by such Management Call Group at a per Share price equal to the Fair Market Value of such Shares on the Management Call Notice Date.
Any Company Call Option may be exercised by delivery of written notice thereof (the “Company Call Notice”) to all members of the applicable Management Call Group within 180 days after the effectiveness of the applicable termination of the employment, consultancy or directorship, or, with respect to Option Shares, if later, 180 days after the exercise of the Option to which such Option Shares relate.
If such termination is the result of the death or Disability of such Manager, then the Company may purchase all or any portion of the Shares held by such Management Call Group at a per Share price equal to the Fair Market Value of such Shares on the Management Call Notice Date.
The Company may purchase all of the Purchased Management Shares held by such Management Call Group at a per share price equal to the Fair Market Value of such Shares on the Management Call Notice Date.
If such termination is the result of termination of such Manager’s employment by the Company or its subsidiaries for Cause, then the Company may purchase all or any portion of the Shares held by such Management Call Group at a per Share price equal to the lesser of the Cost or the Fair Market Value of such Shares on the Management Call Notice Date.
Any Management Call Option may be exercised by delivery of written notice thereof (the “Management Call Notice”) to all members of the applicable Management Call Group from whom the Company elects to purchase Shares no later than the Management Call Notice Date.
If the Company shall elect not to purchase pursuant to this Section all Management Shares that are held by a Management Call Group, the Company may, in its discretion, allocate all of its rights to purchase such Shares under this Section to one or more Investors in the discretion of the Company, provided however that any purchase of Shares by an Investor shall be for cash and shall be made within the time periods set forth for the Company’s performance under this Section.
If the Company shall elect not to purchase pursuant to this Section 4.1 all Management Shares that are held by a Management Call Group, the Company may, in its discretion, allocate all of its rights to purchase such Shares under this Section to one or more Investors in the discretion of the Company, provided however that any purchase of Shares by an Investor shall be for cash and shall be made within the time periods set forth for the Company’s performance under this Section.