The Call Option Clause Samples
The Call Option clause grants one party the right, but not the obligation, to purchase a specified asset or interest from another party within a defined period and at a predetermined price. In practice, this means that if certain conditions are met or at the option holder's discretion, they can exercise the option to acquire shares, property, or other assets, often as part of investment or joint venture agreements. This clause provides flexibility and strategic advantage to the option holder, allowing them to secure future ownership or control while managing risk and timing.
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The Call Option. Upon the termination of Executive’s employment with the Company Parties, the Executive Securities (whether Vested Securities or Unvested Securities and whether held by Executive or by one or more of Executive’s Transferees) will be subject to repurchase by the LLC (or one or more of its assignees at the election of the LLC) at the option of the LLC pursuant to the terms and conditions set forth in this Section 3 (the “Call Option”‘).
The Call Option. Anytime during the validity of this Warrant, the Company shall have the right, but not the obligation, to repurchase from the Holder up to 100% of the Warrant stock issued upon the exercise of this Warrant at fair market value determined in accordance with section 4.3 below.
The Call Option. The Call Option and exercise period
The Call Option. The Call Option lapses if:
(a) it is not validly exercised by the end of the Call Option Period; or
(b) the Optionholder terminates this agreement.
The Call Option. 8.1.1 shall be capable of being exercised at any time during the Option Period; and
8.1.2 shall be exercised by way of the Purchaser giving written notice to that effect to the Grantor substantially in the form attached hereto as Annexure A ("Call Option Notice") (with a copy addressed to the board of directors of the Company), which notice shall specify –
8.1.2.1 the number of Call Option Shares which the Grantor is required to sell ("Affected Call Option Shares"); and
8.1.2.2 the Option Price payable in respect of the Affected Call Option Shares (which shall be determined in accordance with clause 11).
The Call Option. Subject to and upon the terms and conditions set forth in this Agreement, each Seller does hereby grant a Call Option to the Buyer to purchase, in whole or in part, the Membership Interests of each Seller as set forth on Schedule A hereto, which in the aggregate constitute 15.5875% of the Membership Interests of the Company.
The Call Option. SECTION 5.01 (a) Grant of the Call Option. ------------------------
The Call Option. (a) The Call Option. GTS and its successors and assigns shall have an irrevocable option to purchase such number of Warrants as set forth below from the holders thereof (the "Call Option") at a price of [$___] per Warrant (the "Purchase Price"), payable by wire transfer in same day funds.
The Call Option. 1.1. Each Selling Shareholder and Madocks hereby grant to the Buyer, subject to the terms and conditions of this Agreement, an irrevocable option, but not the obligation, to purchase all, but not less than all, of the Option Shares listed on Exhibit A hereto as owned by such Selling Shareholder and Madocks (the "Call Option"), exercisable at the sole discretion of the Buyer at a single time at anytime from and after the fourth anniversary from the date hereof (the "Call Exercise Period").
1.2. The Buyer may exercise the Call Option by giving written notice of such election to the Selling Shareholders in accordance with paragraph 7 hereby (the "Call Exercise Notice").
1.3. The closing of the Option Shares purchased pursuant to exercise of the Call Option shall take place no later than ten (10) days after receipt by the Selling Shareholders and Madocks of the Call Exercise Notice (the "Option Closing Date").
1.4. The purchase price for the Option Shares purchased pursuant to the exercise of the Call Option shall be $2,000,000 payable $1,371,588 to ▇▇▇▇, $589,223 to ▇▇▇▇▇▇▇▇, and $39,189 to Madocks. The aggregate purchase price for the Option Shares subject to the Call Option is hereinafter referred to as the "Call Purchase Price."
1.5. Each certificate representing the Option Shares shall have stamped, printed or typed thereon, the following legend: "The sale, assignment, transfer, pledge or hypothecation of the Shares represented by this certificate is subject to a Put and Call Option Agreement dated as of the 15th day of February, 1996 by and among PRESSTEK, INC., ▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ COATINGS, INC., an executed copy of which is on file at the office of Catalina Coatings, Inc."
The Call Option. The Company and the Shareholders --------------- do hereby agree that from the date hereof through the Option Date, the Company, subject to the terms and conditions hereinafter set forth, shall have the right, but not the obligation, to purchase, all of the Option Shares, in whole, or if in part, pro rata among the Shareholders (the "Call Option"), at the purchase price set forth below (the Option Shares to be so purchased by the Company being referred to in this Section 2 as the "Call Shares"). In the event the Put Option is deferred under Section 1(d) above, the Company shall have the Call Option through the Deferred Option Date subject to the terms of this Section 2.