Company’s Right to Repurchase. In the event of the Participant’s Termination, the Company shall have the right (the “Repurchase Right”), but not the obligation, to repurchase (or to cause one or more of its designees to repurchase) from the Participant (or his or her transferee) (X) any or all of the shares of Common Stock acquired upon the exercise of the Option and still held at the time of such repurchase by the Participant (or his or her transferee) or (Y) any vested but unexercised portion of the Option at the price determined in the manner set forth below (the “Repurchase Price”), during each period set forth below (each, a “Repurchase Period”) and to the extent set forth below:
Company’s Right to Repurchase. The Company and its assignees shall have the right to purchase the Shares on the terms described in the Transfer Notice (subject, however, to any change in such terms permitted in Section 7.3 below) by delivery of a written notice within thirty (30) days after the date when the Transfer Notice was received by the Company; provided, however, in the event a transfer is proposed to be made without consideration (e.g., in the instance of a transfer resulting from the Owner’s will or the laws of intestate succession), the Company shall have the right to purchase the Shares at the then current fair market value of the Shares as determined in good faith by the Company’s Board of Directors.
Company’s Right to Repurchase. During the Post Service Period, the Company shall have the right, but not the obligation, to purchase from Holder all or any portion of the Award Shares which have not been forfeited pursuant to Sections 2.1 or 2.2. The purchase price shall be the product of (1) a price per Award Share (the “Repurchase Price Per Share”), multiplied by (2) the number of Vested Award Shares the Company is repurchasing. If the Company elects to exercise its right to repurchase pursuant to this Section 2.5, it shall do so by giving written notice thereof to Holder, which notice shall specify the number of Award Shares held by Holder as to which the Company is exercising its repurchase right. The repurchase by the Company and the sale by Holder of such Award Shares shall be consummated not later than thirty (30) days following the date the Company gives written notice of its exercise of such repurchase right. Payment of the purchase price by the Company shall be in cash or by the Company’s check against delivery of the Award Shares being repurchased. The Repurchase Price Per Share shall equal the fair market value of a share of Common Stock (on a fully diluted basis) as of the last day of the most recent fiscal quarter for which financial information is available, as determined by the Board of the Company. In making such determination, the Board may take into account factors that it, in good faith, deems relevant to such valuation, including the absence of a trading market, the minority status of the Award Shares, and such other facts and circumstances deemed material to the value of the Award Shares in the hands of Recipient.
Company’s Right to Repurchase. The Shares shall be subject to the following right ("Repurchase Right"):
Company’s Right to Repurchase. The Company shall have the right, but not the obligation, to purchase from Recipient all or any portion of the unvested Shares if, in the good faith determination of the Board, the Recipient shall have knowingly disparaged, criticized, or otherwise made any derogatory statements regarding the Company or its past, present or future directors, officers, employees or products. In the event that the Company elects to exercise its repurchase rights pursuant to this Section 6, the purchase price per unvested Share shall be equal to 50% of the Fair Market Value for such Shares. The repurchase by the Company and the sale by Recipient of such unvested Shares shall be consummated not later than thirty (30) days following the date the Company gives written notice of its exercise of such repurchase right. Payment of the purchase price by the Company shall be in cash or by the Company’s check against delivery of this Option for cancellation in respect of the unvested Shares being repurchased by the Company.
Company’s Right to Repurchase. (a) In the event of the Participant’s Termination for any reason, or if the Participant engages in Detrimental Activity during the period set forth in clause (ii) below, the Company shall have the right, but not the obligation, to repurchase (or to cause one or more of its designees to repurchase) from the Participant (or his or her Permitted Transferee), at the repurchase price set forth below, any or all Shares that are no longer Restricted Stock.
Company’s Right to Repurchase. Notwithstanding the foregoing, upon the written request of the Optionee requesting that the Company effect the registration under the Securities Act of all or part of the Optioned Shares, the Company may, in lieu of using its best efforts to effect the registration of such Optioned Shares under the Securities Act, repurchase all or any portion of the Optioned Shares to be so registered at the current market value of the Optioned Shares, which shall be determined by using the average of the daily average of the bid and asked price for a share of the Company's Capital Stock at the close of trading on the twenty (20) days immediately following the date of such request for registration, as reported by the National Association of Securities Dealers, Inc. If the Company elects to repurchase all or a portion of the Optioned Shares, the Company shall pay cash for such Optioned Shares to be repurchased within twenty (20) business days after notice to the Optionee of the Company's election to repurchase such Optioned Shares, which election shall be made within twenty (20) days after receipt by the Company of the Optionee's written request.
Company’s Right to Repurchase. In the event of Xxxxxxxx’x termination of employment with 99¢ for any reason (a “Termination”), the Company shall have the right (the “Repurchase Right”), but not the obligation, to repurchase (or to cause one or more of its designees to repurchase) from the Purchaser (or its transferee) any or all of the Shares, during the 90 day period following the date of Termination (the “Repurchase Period”) for a price (the “Repurchase Price”) equal to the fair market value of the Shares on the date of Termination; provided, that the Company must exercise the Repurchase Right with respect to an equal number of Class A Shares and Class B Shares, concurrently.
Company’s Right to Repurchase. Upon any Stockholder's ceasing for any reason to be employed by the Company, whether due to the Stockholder's death, Permanent Disability, Termination for Cause, Involuntary Termination, Retirement or otherwise (as such, a "Terminated Stockholder" and such cessation of employment a "Termination Event"), subject to the provisions of this Section 4, the Company may purchase, and the Terminated Stockholder and the Terminated Stockholder's Permitted Transferees shall sell, all of the Shares owned by the Terminated Stockholder and the Terminated Stockholder's Permitted Transferees on the date of the occurrence of such Termination Event or acquired thereafter (the "Termination Shares") at a price per Termination Share equal to the Termination Price.
Company’s Right to Repurchase. Upon termination of Employee's employment hereunder for any reason or without cause, the Company shall for a period for forty-five (45) days following the Termination Date have the right to purchase (or cause a third party to purchase), and Employee shall thereupon have an obligation to sell to the Company (or to such purchaser) such number of the Mercy Shares and of the Vested Award Shares as the Company shall elect, at a price equal to the average closing price of the Company's common stock for the thirty (30) trading days immediately preceding notification by the Company to the Employee of the Company's intention to exercise this right. Completion of said transaction, including stock certificate delivery and wire transfer of proceeds in accordance with the Employee's instructions, shall occur within five (5) business days of said notification.
