Common use of Repurchase Option Clause in Contracts

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 (the "Repurchase Option").

Appears in 7 contracts

Samples: Executive Stock Agreement (Seabright Insurance Holdings Inc), Executive Stock Agreement (Seabright Insurance Holdings Inc), Executive Stock Agreement (Seabright Insurance Holdings Inc)

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Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries and Divisions for any reason (the "Termination"), the Executive Stock Securities (whether held by Executive or one or more of Executive's transferees) shall will be subject to repurchase by the Company Company, Management and the Investors CVC pursuant to the terms and conditions set forth in this paragraph 2 3 (the "Repurchase Option").

Appears in 4 contracts

Samples: Executive Stock Agreement (Triumph Group Inc /), Executive Stock Agreement (Triumph Group Inc /), Executive Stock Agreement (Triumph Group Inc /)

Repurchase Option. (a) In Subject to 3(f) below, in the event that Executive ceases to be employed by the Company and or its Subsidiaries for any reason (the "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall will be subject to repurchase by the Company and the Investors Investor pursuant to the terms and conditions set forth in this paragraph 2 Section 3 (the "Repurchase Option").

Appears in 3 contracts

Samples: Senior Management Agreement (American Medserve Corp), Senior Management Agreement (American Medserve Corp), Senior Management Agreement (American Medserve Corp)

Repurchase Option. (a) In Subject to Section 3(f) below, in the event that Executive ceases to be employed by the Company and or its Subsidiaries for any reason (the "Termination"), the Executive Stock, which is Repurchasable Stock (as defined below) (whether held by Executive or one or more of Executive's transferees) shall ), will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 Section 3 (the "Repurchase Option").

Appears in 3 contracts

Samples: Senior Management Agreement (American Medserve Corp), Senior Management Agreement (American Medserve Corp), Senior Management Agreement (American Medserve Corp)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's ’s transferees) shall be subject to repurchase by the Company and the Investors Investor pursuant to the terms and conditions set forth in this paragraph 2 Section 3 (the "Repurchase Option").

Appears in 3 contracts

Samples: Restricted Stock Agreement (WII Components, Inc.), Restricted Stock Agreement (WII Components, Inc.), Restricted Stock Agreement (WII Components, Inc.)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries Affiliates for any reason (the "TerminationTERMINATION"), then all of the Executive Stock (whether held by Executive or one or more of Executive's transfereesPermitted Transferees) shall will be subject to repurchase by the Company and the Investors Investor pursuant to the terms and conditions set forth in this paragraph 2 Section 3 (the "Repurchase OptionREPURCHASE OPTION").

Appears in 3 contracts

Samples: Senior Management Agreement (Global Vacation Group Inc), Senior Management Agreement (Global Vacation Group Inc), Senior Management Agreement (Global Vacation Group Inc)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees, other than the Company or an Exempt Transferee (as defined in paragraph 4(e) shall below)) will be subject to repurchase by the Company and the Investors Investor pursuant to the terms and conditions set forth in this paragraph 2 3 (the "Repurchase Option").

Appears in 3 contracts

Samples: Senior Management Agreement (MST Enterprises Inc), Senior Management Agreement (MST Enterprises Inc), Senior Management Agreement (MST Enterprises Inc)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Executive's employment with the Company and its Subsidiaries for any reason is terminated (the "Termination")) for any reason, the Executive Stock (whether held by the Executive or one or more of the Executive's transferees) shall will be subject to repurchase by the Company and the Investors BRS (or its designee) pursuant to the terms and conditions set forth in this paragraph 2 Section 3 (the "Repurchase Option").

Appears in 3 contracts

Samples: Executive Stock Agreement (Osullivan Industries Holdings Inc), Executive Stock Agreement (Osullivan Industries Holdings Inc), Executive Stock Agreement (Osullivan Industries Holdings Inc)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason other than termination by the Company without Cause (the "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 (the "Repurchase Option").

Appears in 2 contracts

Samples: Executive Stock Agreement (Physicians Formula Holdings, Inc.), Executive Stock Agreement (Physicians Formula Holdings, Inc.)

Repurchase Option. (a) In the event that Executive Executive, for any reason, ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination")Xxxxxx’x, the Executive Stock (Repurchase Shares, whether held by Executive or one or more of Executive's transferees) Permitted Transferees, shall be subject to repurchase by the Company and the Investors, if the Company or the Investors pursuant to so elect at their sole discretion, in accordance with the terms and conditions set forth in this paragraph 2 Section 9 (the "Repurchase Option").

Appears in 2 contracts

Samples: Executive Agreement (Roundy's Parent Company, Inc.), Executive Agreement (Roundy's Parent Company, Inc.)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the all Executive Stock (whether held by Executive or one or more of Executive's transferees) shall will be subject to repurchase by the Company and the Investors Investor pursuant to the terms and conditions set forth in this paragraph 2 Section 3 (the "Repurchase Option").

Appears in 2 contracts

Samples: Senior Management Agreement (U S Aggregates Inc), Senior Management Agreement (U S Aggregates Inc)

Repurchase Option. (a) In the event that Executive ceases to be is no longer employed by the Company and or any of its Subsidiaries for any reason (the "Termination")reason, the Executive Stock (Securities, whether held by Executive Executive, or one or more of Executive's transferees) shall Permitted Transferees, will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 Section 3 (the "Repurchase Option").

Appears in 2 contracts

Samples: Management Agreement (Romacorp Inc), Management Agreement (Romacorp Inc)

Repurchase Option. (a) In the event that Executive Executive, for any reason, ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination")Xxxxxx'x, the Executive Stock (Repurchase Shares, whether held by Executive or one or more of Executive's transferees) Permitted Transferees, shall be subject to repurchase by the Company and the Investors, if the Company or the Investors pursuant to so elect at their sole discretion, in accordance with the terms and conditions set forth in this paragraph 2 Section 9 (the "Repurchase Option").

Appears in 2 contracts

Samples: Executive Agreement (Jondex Corp), Executive Agreement (Jondex Corp)

Repurchase Option. (a) In the event that Executive ceases to be is no longer employed by the Company and or any of its Subsidiaries for any reason (the "Termination")reason, the Executive Stock (Stock, whether held by Executive Executive, or one or more of Executive's transferees) shall , will be subject to repurchase by the Company and the Investors (solely at their option) pursuant to the terms and conditions set forth in this paragraph 2 the Plan (the "Repurchase Option").

Appears in 2 contracts

Samples: Executive Agreement (Dade Behring Inc), Executive Agreement (Dade Behring Inc)

Repurchase Option. (a) In the event that the Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the Executive Stock Securities (whether held by the Executive or one or more of the Executive's transferees’s Permitted Transferees (as defined in the Stockholders Agreement) shall will be subject to repurchase by the Company and the Investors holders of Investor Shares pursuant to the terms and conditions set forth in this paragraph Section 2 (the "Repurchase Option").

Appears in 2 contracts

Samples: Stock Option Agreement (CHG Healthcare Services, Inc.), Stock Option Agreement (CHG Healthcare Services, Inc.)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the all Executive Stock (whether held by Executive or one or more of Executive's transferees) shall will be subject to repurchase by the Company and the Investors Investor pursuant to the terms and conditions set forth in this paragraph Section 2 (the "Repurchase Option"). The purchase price for each share of the Executive Stock will be the higher of the Executive's Original Cost and the Fair Market Value for such share.

Appears in 2 contracts

Samples: Senior Management Agreement (U S Aggregates Inc), Senior Management Agreement (U S Aggregates Inc)

Repurchase Option. (a) In the event that Executive ceases to be is no longer employed ----------------- by the Company and Publishing or any of its Subsidiaries Affiliates for any reason (the "Termination")reason, the Executive Stock (Stock, whether held by Executive or one or more of Executive's transferees) shall Permitted Transferees, will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 Section 8 (the "Repurchase Option").. -----------------

Appears in 2 contracts

Samples: Executive Agreement (Ziff Davis Media Inc), Executive Agreement (Etesting Labs Inc)

Repurchase Option. (a) In the event that Executive ceases to be employed by of the termination of Executive's employment with the Company and its Subsidiaries for any reason (the a "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees, other than any Investor or the Company) shall will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 Section 15 (the "Repurchase Option").

Appears in 1 contract

Samples: Executive Agreement (Pac-West Telecomm Inc)

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Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination")Subsidiaries, the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 (the "Repurchase Option").

Appears in 1 contract

Samples: Agreement Agreement (Duane Reade Inc)

Repurchase Option. (a) In the event that Executive ceases to be is no longer employed by the Company and Publishing or any of its Subsidiaries Affiliates for any reason (the "Termination")reason, the Executive Stock (Stock, whether held by Executive or one or more of Executive's transferees) shall Permitted Transferees, will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 Section 8 (the "Repurchase Option").

Appears in 1 contract

Samples: Executive Agreement (Etesting Labs Inc)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and or its Subsidiaries for any reason (the "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 3 (the "Repurchase Option").

Appears in 1 contract

Samples: Executive Stock Agreement (Aircraft Service International Inc)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 3 (the "Repurchase Option").

Appears in 1 contract

Samples: Executive Stock Agreement (Nutraceutical International Corp)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination")Subsidiaries, the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 (the "Repurchase Option").

Appears in 1 contract

Samples: Agreement (Duane Reade Inc)

Repurchase Option. (a) In the event that Executive ceases to be employed by of the termination of Executive's employment with the Company and its Subsidiaries for any reason (the a "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees, other than any Investor or the Company) shall will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 section 15 (the "Repurchase Repurchaser Option").

Appears in 1 contract

Samples: Executive Agreement (Pac-West Telecomm Inc)

Repurchase Option. (a) In the event that any Executive ceases to be employed by the Company and or its Subsidiaries for any reason (the "such Executive’s “Termination"), the Executive Stock all of such Executive’s Incentive Shares (whether held by such Executive or one or more of such Executive's ’s transferees) shall be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 Section 4 (the "Repurchase Option").

Appears in 1 contract

Samples: Management Equity Agreement (Great Lakes Dredge & Dock Corp)

Repurchase Option. (a) In the event that Executive ceases to be is no longer ----------------- employed by the Company and Publishing or any of its Subsidiaries Affiliates for any reason (the "Termination")reason, the Executive Stock (Stock, whether held by Executive or one or more of Executive's transferees) shall Permitted Transferees, will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph 2 Section 8 (the "Repurchase Option").. -----------------

Appears in 1 contract

Samples: Executive Agreement (Etesting Labs Inc)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall will be subject to repurchase by the Company and the Investors Investor pursuant to the terms and conditions set forth in this paragraph 2 Section 3 (the "Repurchase Option").

Appears in 1 contract

Samples: Senior Management Agreement (U S Aggregates Inc)

Repurchase Option. (a) In the event that Executive ceases to be is no longer employed by the Company and its Subsidiaries for any reason (the "Termination")reason, the Executive Stock (Securities, whether held by Executive Executive, or one or more of Executive's transferees) shall Permitted Transferees, will be subject to repurchase by the Company and the Investors pursuant to the terms and conditions set forth in this paragraph Section 2 (the "Repurchase Option").

Appears in 1 contract

Samples: Management Agreement (Romacorp Inc)

Repurchase Option. (a) In the event that Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the Executive Stock (whether held by Executive or one or more of Executive's transferees) shall will be subject to repurchase by the Company and the Investors Investor pursuant to the terms and conditions set forth in this paragraph Section 2 (the "Repurchase Option"). The purchase price for each share of Executive Stock will be the higher of the Executive's Original Cost and the Fair Market Value for such share.

Appears in 1 contract

Samples: Senior Management Agreement (U S Aggregates Inc)

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