American Home Shield 2013 Annual Report Download - page 227
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(h) Notice of Termination; Etc. Prior to a Public Offering, the Company shall give prompt written notice to the CD&R Investors of any
termination of the Director’s employment with the Company and of the Company decision whether or not to purchase Shares pursuant to
Section 5(a).
(i) Public Offering. The provisions of this Section 5 shall terminate upon a Public Offering, provided that such termination shall not
affect the Company’s repurchase right following a termination for Cause that was effective (or deemed to be effective) prior to such Public Offering or
any payment obligation postponed pursuant to Section 5(f).
(j) Allocation of Purchase Rights. The Director acknowledges and agrees that the CD&R Investors may allocate and assign their
purchase rights under this Section 5, as among themselves and the other Investors, in such manner as they, in their sole discretion, may agree from
time to time.
(k) Employment References. For purpose of this Agreement, references herein to “employ,” “employment” and corollary terms shall be
construed to refer to the Director’s provision of services to the Company as an executive or non-executive member of the Board.
Section 6. “Tag-Along” Rights.
(a) Sale Notice. At least 30 days before any of the Investors (whether acting alone or jointly with one or more of the other Investors)
consummates a sale of more than 50.01% of the Common Stock collectively owned by the Investors as of the Effective Date to a Third-Party Buyer,
the Company will deliver a written notice (the “ Sale Notice”) to the Director. The Sale Notice will disclose the material terms and conditions of the
proposed sale or transfer, including the number of shares of Common Stock that the prospective transferee is willing to purchase, the proposed
purchase price per share and the intended consummation date of such sale.
(b) Right to Participate. The Director may elect to participate in the sale or other transfer described in the Sale Notice by giving written
notice to the applicable Investors and the Company within 15 days after the Company has given the related Sale Notice to the Director. If the Director
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