Examples of Sale Shares in a sentence
Subject to the terms and conditions set forth herein, at the Closing (as defined in Section 2), Seller shall sell, transfer and assign to Buyer, and Buyer shall purchase from Seller, all of Seller’s right, title and interest in and to the Sale Shares.
The aggregate purchase price for the Sale Shares shall be $10,000 (the “Purchase Price”), and in connection herewith, Bxxxx agrees that his compensation due from Seller as a director and chief executive officer of Seller shall be reduced by $285,000 and Buyer and Seller shall enter into a separate termination and release agreement concurrently with this Agreement to reflect such reduction.
Subject to the terms and conditions contained in this Agreement, the purchase and sale of the Sale Shares contemplated hereby shall take place at a closing (the “Closing”) to be held on a date before June 30, 2024 or such other date to be determined by the parties to this Agreement (the “Closing Date”) remotely by exchange of documents and signatures (or their electronic counterparts), or at such other place or on such other date as Buyer and Seller may mutually agree upon in writing.
At the Closing, Seller shall deliver to Buyer share certificates evidencing the Sale Shares, free and clear of all Encumbrances (as defined herein), accompanied by instruments of transfer duly executed in blank, and such other documents as are required to transfer title to the Sale Shares to Buyer, and Bxxxx shall deliver to Seller the Purchase Price by wire transfer of immediately available funds to an account designated in writing by Seller to Buyer before the Closing.