Profits on the Sale of Certain Shares Redemption Contract Clauses (31)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Profits on the Sale of Certain Shares Redemption clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Profits on the Sale of Certain Shares Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one (1) year from the last date the Optionee performed services for which the Options were granted (the "Termination Date"), all profits earned from the sale of the Company's securities, including the sale of shares of Common Stock underlying the Options, during the two (2) year period commencing one (1) year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company within ten (...10) days after the Optionee receives written demand from the Company for such payment and a copy of the documentation of the sale, including, without limitation, the purchase price therefor. Further, in such event, the Company may at its option redeem shares of Common Stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company's rights under this Section 5 do not lapse one year from the Termination Date, but are a contract right subject to any appropriate statutory limitation period. View More Arrow
Found in DUOS TECHNOLOGIES GROUP, INC. contract
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Profits on the Sale of Certain Shares Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one (1) year from the last date the Optionee performed services for which the Options were granted Company as a consultant (the "Termination Date"), Date") (or such longer period required by any written agreement), all profits earned from the sale of the Company's securities, including the sale of shares of Common Stock common stock underlying the Options, this Option, during the two (2) year two-year period commencing... one (1) year prior to the Termination Date shall be forfeited and forthwith immediately paid by the Optionee to the Company within ten (10) days after the Optionee receives written demand from the Company for such payment and a copy of the documentation of the sale, including, without limitation, the purchase price therefor. Company. Further, in such event, the Company may at its option redeem shares of Common Stock common stock acquired upon exercise of the Options this Option by payment of the exercise price to the Optionee. The Company's rights under this Section 5 do not lapse one year from the Termination Date, Date but are a contract right subject to any appropriate statutory limitation period. View More Arrow
Found in VerifyMe, Inc. contract
Profits on the Sale of Certain Shares Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one (1) year from the last date the Optionee performed services for which the Options were granted (the "Termination Date"), all profits earned from the sale of the Company's securities, including the sale of shares of Common Stock underlying the Options, during the two (2) year period commencing one (1) year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company within ten (...10) days after the Optionee receives written demand from the Company for such payment and a copy of the documentation of the sale, including, without limitation, the purchase price therefor. Further, in such event, the Company may at its option redeem shares of Common Stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company's rights under this Section 5 6 do not lapse one year from the Termination Date, but are a contract right subject to any appropriate statutory limitation period. 3 7. Transfer. No transfer of the Options by the Optionee by will or by the laws of descent and distribution shall be effective to bind the Company unless the Company shall have been furnished with written notice thereof and a copy of the letters testamentary or such other evidence as the Board may deem necessary to establish the authority of the estate and the acceptance by the Transferee or Transferees of the terms and conditions of the Options. View More Arrow
Found in CONVERSION LABS, INC. contract
Profits on the Sale of Certain Shares Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one (1) year from following the last date the Optionee last performed services in the capacity for which the Options were granted (the "Termination Date"), Date") (or such longer period required by any written agreement), all profits earned from the sale of the Company's securities, including the sale of shares of Common Stock common stock underlying the Options, during the two (2) year two-year period commencing one (...1) year prior to the Termination Date shall be forfeited and forthwith immediately paid by the Optionee to the Company within ten (10) days after the Optionee receives written demand from the Company for such payment and a copy of the documentation of the sale, including, without limitation, the purchase price therefor. Company. Further, in such event, the Company may at its option redeem shares of Common Stock common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company's rights under this Section 5 do not lapse one year from the Termination Date, Date but are a contract right subject to any appropriate statutory limitation period. View More Arrow
Found in GelTech Solutions, Inc. contract
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Profits on the Sale of Certain Shares Redemption. If any of the events specified in Section 24 of the Plan occur within one year from the last date the Optionee performs services for the Company (the "Termination Date"), all profits earned from the sale of the Company's securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its opti...on redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company's rights under this Section 6 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period. 3 7. Method of Exercise. The Options shall be exercisable by a written notice which shall: (a) state the election to exercise the Options, the number of shares to be acquired upon exercise of the Options, the person in whose name the stock certificate or certificates for such shares of common stock is to be registered, address and social security number of such person (or if more than one, the names, addresses and social security numbers of such persons); (b) if applicable, contain such representations and agreements as to the holder's investment intent with respect to such shares of common stock as set forth in Section 11 hereof; (c) be signed by the person or persons entitled to exercise the Options and, if the Options are being exercised by any person or persons other than the Optionee, be accompanied by proof, satisfactory to counsel for the Company, of the right of such person or persons to exercise the Options; (d) be accompanied by full payment of the exercise price by tender to the Company of an amount equal to the exercise price multiplied by the number of underlying shares being purchased either in cash, by wire transfer, or by certified check or bank cashier's check, payable to the order of the Company; and (e) be accompanied by payment of any amount that the Company, in its sole discretion, deems necessary to comply with any federal, state or local withholding requirements for income and employment tax purposes. If the Optionee fails to make such payment in a timely manner, the Company may: (i) decline to permit exercise of the Options or (ii) withhold and set- off against compensation and any other amounts payable to the Optionee the amount of such required payment. Such withholding may be in the shares underlying the Options at the sole discretion of the Company. (f) The certificate or certificates for shares of common stock as to which the Options shall be exercised shall be registered in the name of the person or persons exercising the Options. View More Arrow
Found in TRULI TECHNOLOGIES, INC. contract
Profits on the Sale of Certain Shares Redemption. If Upon occurrence of any of the events specified in Section 24 3(c) of the Plan occur within one year from the last date the Optionee performs services for the Company this Agreement (the "Termination "Event Date"), all profits earned from the sale of the Company's securities, including the sale of shares of common stock underlying the Options, this Option, during the two-year one-year period commencing one year prior to on the Termination Date Event Date, shall be forfeited and forthwith immed...iately paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options this Option by payment of the exercise price to the Optionee. The Company's rights under this Section 2 6. do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period. 3 7. Method of Exercise. The Options shall be exercisable by a written notice in the form attached to this Agreement, which shall: (a) state the election to exercise the Options, the number of shares to be acquired upon exercise of the Options, the person in whose name the stock certificate or certificates for such shares of common stock is to be registered, address and social security number of such person (or if more than one, the names, addresses and social security numbers of such persons); (b) if applicable, contain such representations and agreements as to the holder's investment intent with respect to such shares of common stock as set forth in Section 11 hereof; (c) be signed by the person or persons entitled to exercise the Options and, if the Options are being exercised by any person or persons other than the Optionee, be accompanied by proof, satisfactory to counsel for the Company, of the right of such person or persons to exercise the Options; (d) (b) be accompanied by full payment of the exercise price by (i) tender to the Company of an amount equal to the exercise price multiplied by the number of underlying shares being purchased either in cash, by wire transfer, or by certified check or bank cashier's check, payable to the order of the Company; (ii) a reduction in the number of shares of common stock received upon an exercise of the Option equal to the exercise price, as described in the following paragraph (a "Net Exercise"); (iii) a broker assisted cashless exercise, whereby a broker-dealer advances the exercise price to the Company on behalf of the Optionee; or (iv) by a combination of any of the foregoing methods; If the Optionee elects to conduct a Net Exercise pursuant to (ii) above, the Company shall cause to be delivered to the Optionee a certificate or certificates representing the number of shares of common stock computed using the following formula: X=Y(A-B) A Where: X = the number of shares of common stock to be issued to the Optionee; Y = the portion of the Option (in number of shares of common stock) being exercised by the Optionee (at the date of such calculation); A = the Fair Market Value (as defined in the Plan) of one share of common stock; and (e) B = exercise price (as adjusted to the date of such calculation). (c) be accompanied by payment of any amount that the Company, in its sole discretion, deems necessary to comply with any federal, state or local withholding requirements for income and employment tax purposes. If the Optionee fails to make such payment in a timely manner, the Company may: (i) decline to permit exercise of the Options or (ii) withhold and set- off set-off against compensation and any other amounts payable to the Optionee the amount of such required payment. Such withholding may be in the shares underlying the Options if a Net Exercise is elected or otherwise at the sole discretion of the Company. (f) 3 The certificate or certificates for shares of common stock as to which the Options shall be exercised shall be registered in the name of the person or persons exercising the Options. View More Arrow
Found in Meet Group, Inc. contract
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