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

Release of Shares From Repurchase Option. (i) Subject to Section 2(b)(ii), 1/36th of the Stock shall be released from the Company's Repurchase Option on the one-month anniversary of this Agreement, and an additional 1/36th of the Stock shall be released on each monthly anniversary of such date thereafter until all shares of the Stock have been released; provided in each case that there has not been any voluntary or involuntary termination prior to each such date of release.

Release of Shares From Repurchase Option. (i) Subject to Section 2(b)(ii), 1/36th One-fourth (1/4th) of the Stock shall be released from the Company's Repurchase Option on the one-month anniversary of this AgreementMay 17, 2000 and an additional 1/36th 1/48th of the Stock shall be released from the Company's Repurchase Option on each monthly anniversary of such date thereafter May 17, 2000 until all shares of the Stock have been released; provided in each case that there has not been any voluntary or involuntary termination prior to each such date of release.

Release of Shares From Repurchase Option. (i) Subject to Section 2(b)(ii), 1/36th 1/48th of the Stock shall be released from the Company's Repurchase Option on the one-month anniversary of this Agreement, and an additional 1/36th of the Stock shall be released on each monthly anniversary of such date thereafter November 3, 1997 until all shares of the Stock have been released; provided in each case that there has not been any voluntary or involuntary termination prior to each such date of release.