Profits on the Sale of Certain Shares Redemption Clause Example from Business Contracts

This example Profits on the Sale of Certain Shares Redemption clause appears in 5 contracts from 1 company

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. 3 6. 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 WIZARD ENTERTAINMENT, INC. contract
WIZARD ENTERTAINMENT, INC. Contracts

WIZARDWORLD, INC. NON-QUALIFIEDSTOCK OPTION AGREEMENT EMPLOYEE (Filed With SEC on November 14, 2016)

WIZARDWORLD, INC. NON-QUALIFIEDSTOCK OPTION AGREEMENT EMPLOYEE (Filed With SEC on July 20, 2016)

WIZARDWORLD, INC. NON-QUALIFIEDSTOCK OPTION AGREEMENT DIRECTOR (Filed With SEC on March 22, 2013)

WIZARDWORLD, INC. NON-QUALIFIEDSTOCK OPTION AGREEMENT DIRECTOR (Filed With SEC on April 1, 2013)

WIZARDWORLD, INC. NON-QUALIFIEDSTOCK OPTION AGREEMENT DIRECTOR (Filed With SEC on April 1, 2013)