Company Call Right. (a) If Participant ceases to provide services to the Company and its Subsidiaries as an Employee, Consultant or Director for any reason, the Company shall have the right to purchase any or all of the Vested Shares then owned by the Holder at a price equal to the Fair Market Value of the Vested Shares on the date on which the Participant ceases to provide services (the “Call Right”).
Appears in 3 contracts
Samples: Restricted Stock Agreement (Reliant Pharmaceuticals, Inc.), Restricted Stock Agreement (Reliant Pharmaceuticals, Inc.), Restricted Stock Agreement (Reliant Pharmaceuticals, Inc.)
Company Call Right. (a) If Participant ceases to provide services to the Company and its Subsidiaries as an Employee, Consultant or Director for any reasonincurs a Termination of Service, the Company shall have the right to purchase any or all of the Vested Shares then owned by of the Holder Participant at a price equal to the Fair Market Value of the Vested Shares on the date on which the Participant ceases to provide services has a Termination of Service (the “Call Right”).
Appears in 2 contracts
Samples: Restricted Stock Agreement (Reliant Pharmaceuticals, Inc.), Restricted Stock Agreement (Reliant Pharmaceuticals, Inc.)
