Examples of Surviving Holder in a sentence
If the spouse of a Holder dies, and all or any portion of the Common Stock registered in the name of such Holder (the “Surviving Holder”) vests in or is transferable to any heir or legatee other than the Surviving Holder, the Surviving Holder shall promptly notify the Company of such event.
The Surviving Holder shall have the option to purchase all of the Common Stock vesting in or transferable to such heir or legatee for an amount equal to the Purchase Price, and such heir or legatee and the estate of the deceased spouse shall be obligated to sell such Common Stock to the Surviving Holder for such Purchase Price.
The Surviving Holder shall, within five (5) days after the expiration of such one hundred fifty (150) day period, deliver written notice to the Company as to whether the Surviving Holder has purchased all of the Common Stock vesting in or transferable to any such heir or legatee.
The Surviving Holder shall have the option to purchase all or any portion of the Stock vesting in or transferable to such heir or legatee for the Purchase Price, and such heir or legatee and the estate of the Deceased Spouse shall be obligated to sell such Stock to the Surviving Holder for the Purchase Price.
The Surviving Holder shall, within 5 days after the expiration of such 30-day period, deliver written notice to the Company as to whether the Surviving Holder has purchased all of the Passing Share Interest.
Within 60 days after receipt of the Passing Interest Notice by the Company, the Board shall determine or cause to be determined the Fair Market Value of the Passing Share Interest for purposes of determining the Purchase Price and deliver written notice thereof to the Surviving Holder, the estate of the Deceased Spouse and the heirs and legatees identified in the Passing Interest Notice (“Deceased FMV Notice”).
If the spouse of a Holder dies, and all or any portion of the Common Stock registered in the name of such Holder (“Surviving Holder”) vests in or is transferable to any heir or legatee other than the Surviving Holder, the Surviving Holder shall promptly notify the Company of such event.
If the spouse of a Holder dies (the "Deceased Spouse") and all or any portion of the Stock registered in the name of such Holder (the "Surviving Holder") vests in or is transferable to any heir or legatee of the Deceased Spouse other than the Surviving Holder, the Surviving Holder shall promptly notify the Company of such event.
If the Deceased Purchase Notice states that the Surviving Holder has not purchased all such Stock, or if no Deceased Purchase Notice is delivered to the Company within such five-day period, all such heirs and legatees shall be deemed to have made an irrevocable offer ("Offer") of all such Stock to the Eligible Offerees to be accepted in accordance with Section 4.
The Surviving Holder shall have the option to purchase all or any portion of the Passing Share Interest for the Purchase Price, and the estate of the Deceased Spouse shall be obligated to sell the Passing Share Interest to the Surviving Holder for the Purchase Price.