Common use of Repurchase Option Clause in Contracts

Repurchase Option. (a) In the event Participant’s continuous status as a Service Provider terminates for any or no reason (including death or Disability), the Company shall, upon the date of such termination (as reasonably fixed and determined by the Company), have an irrevocable, exclusive option for a period of ninety (90) days from such date to repurchase up to that number of Shares which constitute the Unreleased Shares (as defined in Part I of this Agreement) at the Purchase Price per share (the “Repurchase Price”) (the “Repurchase Option”).

Appears in 12 contracts

Samples: Restricted Stock Purchase Agreement (Upland Software, Inc.), Restricted Stock Agreement (Complete Solaria, Inc.), Restricted Stock Purchase Agreement (Ovid Therapeutics Inc.)

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Repurchase Option. (a) In the event Participant’s the Purchaser's continuous status as a Service Provider terminates for any or no reason (including death or Disability), the Company shall, upon the date of such termination (as reasonably fixed and determined by the Company), have an irrevocable, exclusive option for a period of ninety sixty (9060) days from such date to repurchase up to that number of Shares shares which constitute the Unreleased Shares (as defined in Part I of this AgreementSection 5) at the Purchase Exercise Price per share (the "Repurchase Price") (the "Repurchase Option").

Appears in 6 contracts

Samples: Security Agreement (Avanex Corp), Security Agreement (Avanex Corp), Security Agreement (Avanex Corp)

Repurchase Option. (a) In the event Participant’s the Purchaser's continuous status as a Service Provider terminates for any or no reason (including death or Disability), the Company shall, upon the date of such termination (as reasonably fixed and determined by the Company), have an irrevocable, exclusive option for a period of ninety (90) days from such date to repurchase up to that number of Shares shares which constitute the Unreleased Shares (as defined in Part I of this AgreementSection 5) at the Purchase Exercise Price per share (the "Repurchase Price") (the "Repurchase Option").

Appears in 5 contracts

Samples: Security Agreement (Avanex Corp), Security Agreement (Avanex Corp), Security Agreement (Avanex Corp)

Repurchase Option. (a) In the event Participant’s the Purchaser's continuous status as a an independent consultant ("Service Provider Provider") terminates for any or no reason (including death or Disability), the Company shall, upon the date of such termination (as reasonably fixed and determined by the Company), have an irrevocable, exclusive option (the "Repurchase Option") for a period of ninety sixty (9060) days from such date to repurchase up to that number of Shares shares which constitute the Unreleased Unvested Shares (as defined in Part I of this AgreementSection 5) at the Purchase Exercise Price per share share, plus interest at the rate of interest set forth in the Note (the "Repurchase Price”) (the “Repurchase Option”").

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement (Nexsan Corp), Restricted Stock Purchase Agreement (Nexsan Corp), Pledge Agreement (Nexsan Corp)

Repurchase Option. (a) In the event Participant’s continuous status as Participant ceases to be a Service Provider terminates for any or no reason (including death or Disability), the Company shallwill, upon the date of such termination (as reasonably fixed and determined by the Company), have an irrevocable, exclusive option for a period of ninety one hundred and eighty (90180) days from such date to repurchase reacquire up to that number of Shares which constitute the Unreleased Shares (as defined in Part I of this AgreementSection 4) at the Purchase Exercise Price per share share, if any (the "Repurchase Price") (the "Repurchase Option").

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Altiris Inc)

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Repurchase Option. (a) In the event ParticipantIf Purchaser’s continuous status as a Service Provider an Eligible Person terminates for any or no reason (including death or Disability), the Company shall, upon the date of such termination (as reasonably fixed and determined by the Company), have an irrevocable, exclusive option for a period of ninety (90) days from such date to repurchase up to that number of Shares shares which constitute constitutes the Unreleased Shares (as defined in Part I of this AgreementSection 4) at the Purchase Exercise Price per share (the “Repurchase Price”) (the “Repurchase Option”).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Overhill Farms Inc)

Repurchase Option. (a) In the event Participantthe Purchaser’s continuous status as a Service Provider terminates for any or no reason (including death or Disability), the Company shallwill, upon the date of such termination (as reasonably fixed and determined by the Company), have an irrevocable, exclusive option for a period of ninety (90) days from such date to repurchase up to that number of Shares which constitute the Unreleased Shares (as defined in Part I of this AgreementSection 5) at the Purchase Exercise Price per share (the “Repurchase Price”) (the “Repurchase Option”).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Alien Technology Corp)

Repurchase Option. (ai) In the event Participant’s continuous status as a Service Provider terminates for any or no reason (including death or Disability), the Company shall, upon the date of such termination (as reasonably fixed and determined by the Company), have an irrevocable, exclusive option for a period of ninety (90) days from such date to repurchase up to that number of Shares which constitute the Unreleased Shares (as defined in Part I 1 of this Agreement) at the Purchase Price per share (the “Repurchase Price”) (the “Repurchase Option”).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Fluidigm Corp)

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