Common use of Manner of Election Clause in Contracts

Manner of Election. The election of Executive must be made in writing and delivered to the Employer within 10 days after receipt by the Employer of the Issuance Notice. If after notifying the Stockholders of a Subsequent Issuance, the Employer elects not to proceed with the Subsequent Issuance, any elections made by Executive with respect to such Subsequent Issuance shall be deemed rescinded. In the event that the sale of all securities contemplated by a Subsequent Issuance shall not have occurred within 180 days of the date of delivery of the Issuance Notice, the securities remaining unsold shall not thereafter be sold without the Employer again complying with the terms and conditions of this Section 8.

Manner of Election. The election of Executive must be made in writing and delivered to the Employer Company within 10 days after receipt by the Employer Company of the Issuance Notice. If after notifying the Stockholders of a Subsequent Issuance, the Employer Company elects not to proceed with the Subsequent Issuance, any elections made by Executive with respect to such Subsequent Issuance shall be deemed rescinded. In the event that the sale of all securities contemplated by a Subsequent Issuance shall not have occurred within 180 days of the date of delivery of the Issuance Notice, the securities remaining unsold shall not thereafter be sold without the Employer Company again complying with the terms and conditions of this Section 8Paragraph 9.

Manner of Election. The election of Executive must be made in writing and delivered to the Employer within 10 days after receipt by the Employer of the Issuance Notice. If after notifying the Stockholders of a Subsequent Issuance, the Employer elects not to proceed with the Subsequent Issuance, any elections made by Executive with respect to such Subsequent Issuance shall be deemed rescinded. In the event that the sale of all securities contemplated by a Subsequent Issuance shall not have occurred within 180 days of the date of delivery of the Issuance Notice, the securities remaining unsold shall not thereafter be sold without the Employer again complying with the terms and conditions of this Section 89.