Seller Distribution. The Seller shall use its reasonable best efforts to declare to the extent permissible under applicable Law immediately prior to the Closing a dividend or other distribution of the Purchaser Shares comprising the Consideration to the Seller’s shareholders which shall be effective within 7 days of the Closing, which distribution may, in the case of Purchaser Shares to which certain of Seller’s employees will be entitled upon the vesting of Seller’s options upon Closing, include the sale of such Purchaser Shares by the Seller on such employees’ behalf.
Appears in 4 contracts
Sources: Asset Purchase Agreement (Sina Corp), Asset Purchase Agreement (Sina Corp), Asset Purchase Agreement (Focus Media Holding LTD)