Common use of Release of Shares From Repurchase Option Clause in Contracts

Release of Shares From Repurchase Option. (a) One thirty-sixth (1/36) of the Shares shall be released from the Repurchase Option on the last day of each full calendar month following January 25, 2001 until all the Shares have been released from the Repurchase Option provided that, except as set forth in the immediately following sentence, in each case that the Founder's services as an employee of or consultant to the Company have not been terminated prior to the date of any such release. In the event that a Termination Event has occurred, all of the Unreleased Shares shall be immediately released from the Company's Repurchase Option.

Release of Shares From Repurchase Option. (a) One thirty-sixth (1/36) of the Shares shall be released from the Repurchase Option on the last day of each full calendar month following January 2526, 2001 until all the Shares have been released from the Repurchase Option provided that, except as set forth in the immediately following sentence, in each case that the Founder's services as an employee of or consultant to the Company have not been terminated prior to the date of any such release. In the event that a Termination Event has occurred, all of the Unreleased Shares shall be immediately released from the Company's Repurchase Option.