Common use of Repurchase Option Clause in Contracts

Repurchase Option. In the event of any voluntary or involuntary termination of the Employee’s employment by the Company for any or no reason, including by reason of death or disability, the Company shall, upon and from the date of such termination (as reasonably fixed and determined by the Company) have an irrevocable, exclusive, assignable option (the “Repurchase Option”) for a period of ninety (90) days (the “Repurchase Option Period”) to repurchase all or any portion of the Employee’s Unvested Shares at the original purchase price per share paid by the Employee. Such option may be exercised by the Company by sending written notice to the Employee, which notice shall specify the number of Unvested Shares being so repurchased and which notice shall be accompanied by the Company’s check for the purchase price of those shares. Upon the sending of such notice and check, the Company shall become the legal and beneficial owner of the Unvested Shares being repurchased and all rights and interests therein or relating thereto, and the Company shall have the right to retain and transfer to its own name the number of Unvested Shares being repurchased by the Company.

Repurchase Option. In the event of any voluntary or involuntary termination of the EmployeeOptionee’s employment by Business Relationship with the Company for any or no reason, including by reason of death or disability, the Company shall, upon and from the date of such termination (as reasonably fixed and determined by the Company) have an irrevocable, exclusive, assignable option (the “Repurchase Option”) for a period of ninety (90) days following the termination of such Business Relationship (the “Repurchase Option Period”) to repurchase all or any portion of the Employee’s Unvested Shares Units held by the Optionee at the original purchase price per share unit paid by the EmployeeOptionee. Such option may be exercised by the Company by sending written notice to the EmployeeOptionee, which notice shall specify the number of Unvested Shares Units being so repurchased and which notice shall be accompanied by the Company’s check for the purchase price of those sharesunits. Upon the sending of such notice and check, the Company shall become the legal and beneficial owner of the Unvested Shares Units being repurchased and all rights and interests therein or relating thereto, and the Company shall have the right to retain and transfer to its own name the number of Unvested Shares Units being repurchased by the Company.

Repurchase Option. In the event of any voluntary or involuntary termination of the Employee’s employment by Optionee's Business Relationship with the Company or any Related Corporation for any or no reason, including by reason of death or disability, the Company shall, upon and from the date of such termination (as reasonably fixed and determined by the Company) have an irrevocable, exclusive, assignable option (the “"Repurchase Option”") for a period of ninety (90) days following the termination of such Business Relationship (the “"Repurchase Option Period”") to repurchase all or any portion of the Employee’s Unvested Shares held by the Optionee at the original purchase price per share paid by the EmployeeOptionee. Such option may be exercised by the Company by sending written notice to the EmployeeOptionee, which notice shall specify the number of Unvested Shares being so repurchased and which notice shall be accompanied by the Company’s 's check for the purchase price of those shares. Upon the sending of such notice and check, the Company shall become the legal and beneficial owner of the Unvested Shares being repurchased and all rights and interests therein or relating thereto, and the Company shall have the right to retain and transfer to its own name the number of Unvested Shares being repurchased by the Company.

Repurchase Option. In the event of any voluntary or involuntary termination of the EmployeeParticipant’s employment by Business Relationship with the Company for any or no reason, including by reason of death or disability, the Company shall, upon and from the date of such termination (as reasonably fixed and determined by the Company) have an irrevocable, exclusive, assignable option (the “Repurchase Option”) for a period of ninety (90) days (the “Repurchase Option Period”) to repurchase all or any portion of the EmployeeParticipant’s Unvested Shares at the original purchase price per share paid by the EmployeeParticipant. Such option may be exercised by the Company by sending written notice to the EmployeeParticipant, which notice shall specify the number of Unvested Shares being so repurchased and which notice shall be accompanied by the Company’s check for the purchase price of those shares. Upon the sending of such notice and check, the Company shall become the legal and beneficial owner of the Unvested Shares being repurchased and all rights and interests therein or relating thereto, and the Company shall have the right to retain and transfer to its own name the number of Unvested Shares being repurchased by the Company.