Purchase and Sale of Option Clause Samples

Purchase and Sale of Option. The company hereby issues to --------------------------- Employee the non-transferable right and option ("Option") to purchase up to 352 shares (subject to adjustment as set forth herein) of its Common Stock at a purchase price of $.10 per share without commission or other charge pursuant to the terms hereof. The shares of Common Stock issuable an the exercise of the option are referred to herein as the "Option Shares."
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Purchase and Sale of Option. Seller hereby sells, transfers and assigns the Option to Buyer, and Buyer hereby purchases the Option from Seller, for a purchase price of $179,166.66 (the “Purchase Price”). Buyer has concurrently herewith paid the Purchase Price to Seller, and Seller acknowledges receipt of the Purchase Price.
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Purchase and Sale of Option. Upon the terms and subject to the conditions set forth herein, the Company hereby sells, issues and delivers to the Purchaser and the Purchaser hereby purchases and accepts, an irrevocable option (the "Option") to purchase for $17.00 per share in cash (the "Per Share Price") up to 1,366,000 (the "Base Shares") authorized but unissued shares of the Optioned Shares; provided, however, that after the Closing, the Option shall be automatically adjusted so that the Base Shares shall equal 1,366,000 multiplied by the Adjustment Fraction (as defined below) and the Per Share Price shall equal $17.00 multiplied by a fraction equal to one divided by the Adjustment Fraction. The Option shall expire if not exercised on or prior to December 11, 1998. The price the Purchaser shall pay for the Option is $1,650,000 (the "Option Purchase Price"). The Option Purchase Price shall be payable by wire transfer of immediately available funds, in accordance with the Company's written instructions, on the date hereof. For purposes of the adjustments described in this section, the "Adjustment Fraction" means a fraction, the numerator of which equals the Current Market Price (as defined below) of a share of Old Common Stock, and the denominator of which equals the Current Market Price of a share of Old Common Stock or a share of New Common Stock. The "Current Market Price of a share of Old Common Stock or a share of New Common Stock means the average per share closing price for the five trading days immediately preceding the Closing Date, in the case of the Old Common Stock, and the five trading days immediately following the Closing Date, in the case of the New Common Stock, as reported on the NASDAQ National Market.
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Purchase and Sale of Option. Purchaser hereby purchases and the Company hereby sells, assigns and transfers unto Purchaser all of the Company's right, title and interest in and to, the Assigned Option, in return for the consideration to be paid in accordance with the terms hereof to the Company as described in Exhibit 1 hereto.
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Purchase and Sale of Option. On the terms and subject to the conditions set forth in this Agreement, the Company hereby issues and sells the Option to Buyer, and Buyer hereby purchases the Option. The purchase price for the Option is $200,000 and has been paid by wire transfer or check.
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Purchase and Sale of Option. 4 Section 2.1 Purchase and Sale of Option............................... 4 Section 2.2 The Purchase Price........................................ 5 Section 2.3 The Initial Closing....................................... 6 Section 2.4 Delivery.................................................. 6 Section 2.5 Director Resignations..................................... 7
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Purchase and Sale of Option. The Seller HEREBY SELLS, CONVEYS, ASSIGNS, TRANSFERS, AND DELIVERS the Option, and all of the Seller's rights, title and interest in, to and under the Option Agreement, to the Purchaser and Purchaser's successors and assigns forever, free and clear of all liens, pledges, claims, charges, security interests, and other encumbrances ("ENCUMBRANCES"), and the Purchaser hereby purchases the Option and accepts assignment of the Option Agreement from the Seller. The Purchaser does not hereby assume any liability or obligation whatsoever of the Seller, including without limitation any such liability or obligation under the Option Agreement.
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Purchase and Sale of Option. Subject to the terms and conditions set forth herein, USFC shall purchase from CFCI, and CFCI shall sell and transfer to USFC, the Option, free and clear of all Liens, for an aggregate purchase price of Twenty Five Million Dollars ($25,000,000.00). Such purchase price shall be paid by wire transfer to an account previously designated by CFCI to USFC in writing, against delivery of USFC of the Option in form appropriately endorsed by CFCI for transfer in blank. Such payment and delivery shall occur simultaneously with the execution and delivery of this Agreement by the parties.
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Purchase and Sale of Option 
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Related to Purchase and Sale of Option

  • Purchase and Sale of Shares Subject to the terms and conditions herein set forth, (i) the Company agrees to sell to the Underwriters that number of Firm Shares set forth opposite the name of the Company in Schedule II annexed hereto, and (ii) each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a purchase price of $_____ per share, the number of Firm Shares set forth opposite the name of each Underwriter on Schedule I annexed hereto. The Selling Shareholder hereby grants to the Underwriters the right to purchase at their election in whole or in part up to 180,000 Optional Shares at the purchase price per share set forth in clause (i) in the paragraph above for the sole purpose of covering over-allotments in the sale of Firm Shares. If the option granted hereby is exercised in whole or in part, then the respective number of Optional Shares to be purchased by each of the Underwriters shall be determined by multiplying the total number of Optional Shares as to which such election shall have been exercised by the Underwriters by a fraction, the numerator of which is the maximum number of Optional Shares such Underwriter is entitled to purchase as set forth opposite the name of such Underwriter in Schedule I hereto and the denominator of which is the maximum number of Optional Shares that all Underwriters are entitled to purchase hereunder (with the resulting number to be adjusted by the Underwriters so as to eliminate fractional shares). Any such election to purchase Optional Shares may be exercised by written notice from the Underwriters to the Selling Shareholder, given within a period of 30 calendar days after the date of this Agreement and setting forth the aggregate number of Optional Shares to be purchased and the date on which such Optional Shares are to be delivered, as determined by the Underwriters but in no event earlier than the First Time of Delivery or, unless the Underwriters and the Company otherwise agree, to furnish or cause to be furnished to the Underwriters the certificates, letters and opinions, and to satisfy all conditions, set forth in Section 6 hereof at the Subsequent Time of Delivery. After the Registration Statement becomes effective, the several Underwriters intend to offer the Shares to the public as set forth in the Prospectus.

  • Purchase and Sale of Units The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 25,000 units (the “Initial Units”) at a purchase price of approximately $.003478 per Initial Unit for an aggregate purchase price of $86.95. Each Initial Unit consists of one share of Common Stock and one warrant (an “Initial Warrant”) to purchase one additional share of Common Stock for $6.00 in accordance with the terms of the Warrant Agreement to be entered into by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, which shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The Initial Units, together with the underlying Common Stock and the Initial Warrants, are referred to herein as the “Securities.”

  • Purchase and Sale of Stock Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of 37,500 shares of the Common Stock of the Company (the "Stock") at $0.01 per share, for an aggregate purchase price of $375.00, payable in cash. The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties may mutually agree (the "Closing").

  • Purchase and Sale of the Units At the Closing, upon the terms and subject to the conditions set forth in this Agreement, the Seller shall sell, assign, transfer, deliver and convey to the Buyer, free and clear of any Liens, and the Buyer shall purchase, accept and acquire from the Seller, the Units.

  • Purchase and Sale of Common Shares (a) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in Schedule B to this Agreement, the Purchaser hereby agrees to purchase from the Company and the Company hereby agrees to sell to the Purchaser, on the Closing Date, 104,500,000 Common Shares (the “Purchased Shares”) at a price of $48.60 per Purchased Share for an aggregate purchase price of $5,078,700,000 (the “Share Purchase Price”). (b) The Purchaser shall purchase the Purchased Shares and pay the Share Purchase Price on the Closing Date, by wire transfer of immediately available funds to an account designated in writing by the Company. The Purchased Shares shall be issued to the Purchaser on Closing by way of: (i) (A) a book entry only position or other electronic deposit on the records of the Company’s transfer agent containing notations of the legends contemplated by this Agreement, together with delivery of an ownership statement to the Purchaser; and (B) the deposit of a certificate evidencing the Purchased Shares to The Canadian Depository for Securities Limited as depository, bearing a restricted CUSIP designation referencing the legends contemplated by this Agreement, for credit to the participant and brokerage account of the Purchaser, as directed by the Purchaser; or (ii) physical delivery of a certificate representing the Purchased Shares registered in the name of the Purchaser or in such other name as the Purchaser shall notify the Company in writing not less than one Business Day prior to the Closing.