Release of Shares From Repurchase Option. In the event the Repurchase Option is triggered pursuant to a Triggering Event and the Company (or its assigns) fails to exercise the Company’s option for the repurchase of any or all of the Shares then, upon the expiration of the 90-day option period, any and all such Shares not repurchased by the Company will be released from the Repurchase Option. Upon the release of the Repurchase Option, any Unvested Shares will immediately vest.
Appears in 8 contracts
Samples: Employment Agreement (Eco Innovation Group, Inc.), Employment Agreement (Eco Innovation Group, Inc.), Employment Agreement (Aytu Bioscience, Inc)
