Common use of Repurchase Period Clause in Contracts

Repurchase Period. The Company shall be permitted to exercise its right to repurchase (or to cause its designee to repurchase) Company Shares and/or Purchased Senior Notes, as the case may be, following the Purchaser’s Termination of Active Service during a period of six months, commencing on the applicable day specified below for the applicable type of Company Shares or for the Purchased Senior Notes, as the case may be (the “Repurchase Period”); provided that the Repurchase Period shall expire as of any earlier day during the Repurchase Period that the Company delivers written notice to the Purchaser of its election to exercise (or decision not to exercise) its repurchase right with respect to such Company Shares and/or Purchased Senior Notes, as the case may be: Type of Termination Commencement Date: Company Shares Purchased on Exercise of Vested Options Company Shares Purchased on Exercise of Investment Rights Purchased Senior Notes Without Cause The six-month anniversary of the later of (i) the Purchaser’s Termination Date and (ii) the date of the Purchaser’s last purchase of Company Shares on exercise of Options The six-month anniversary of the later of (i) thePurchaser’s Termination Date and (ii) the date of the Purchaser’s last purchase of Company Shares on exercise of Investment Rights The Purchaser’s Termination Date Resignation by the Participant The later of (i) the 91st day following the Purchaser’s Termination Date and (ii) the six-month anniversary of the Purchaser’s last purchase of Company Shares on exercise ofOptions The later of (i) the 91st day following the Purchaser’s Termination Date and (ii) the six-month anniversary of the date of the Purchaser’s last purchase of Company Shares on exercise of Investment Rights The Purchaser’s Termination Date Due to Death, Disability or Retirement The later of (i) the Purchaser’s Termination Date and (ii) the six month anniversary of the date of the Purchaser’s or, if applicable, the Purchaser Permitted Transferee’s, last purchase of Company Shares upon exercise of Options The Purchaser’s Termination Date The Purchaser’s Termination Date By the Board of Directors for Cause The date notice of termination is delivered to the Purchaser The date notice of termination is delivered to the Purchaser The date notice of termination is delivered to the Purchaser (d) Procedures; Closing of Repurchase.

Appears in 1 contract

Sources: Subscription and Shareholders’ Agreement (Burger King Holdings Inc)

Repurchase Period. The Company shall be permitted to exercise its right to repurchase (or to cause its designee to repurchase) Company Shares and/or Purchased Senior Notes, as the case may be, following the Purchaser’s Termination of Active Service during a period of six months, commencing on the applicable day specified below for the applicable type of Company Shares or for the Purchased Senior Notes, as the case may be (the “Repurchase Period”); provided that the Repurchase Period shall expire as of any earlier day during the Repurchase Period that the Company delivers written notice to the Purchaser of its election to exercise (or decision not to exercise) its repurchase right with respect to such Company Shares and/or Purchased Senior Notes, as the case may beShares: Type of Termination Commencement Date: Company Shares Purchased on Exercise of Vested Options Company Shares Delivered in Settlement of Vested Restricted Units Company Shares Purchased on Exercise of Investment Rights Purchased Senior Notes Without Cause The six-month anniversary of the later of (i) the Purchaser’s Termination Date and (ii) the six-month anniversary of the date of the Purchaser’s last purchase of Company Shares on exercise of Options The six-month anniversary of the later of (i) thePurchaserthe Purchaser’s Termination Date and (ii) the six-month anniversary of the last vesting date for any installment of the Purchaser’s Restricted Units The later of (i) the Purchaser’s Termination Date and (ii) the six- month anniversary of the date of the Purchaser’s last purchase of Company Shares on exercise of Investment Rights The Purchaser’s Termination Date Resignation by the Participant The later of (i) the 91st day following the Purchaser’s Termination Date and (ii) the six-month anniversary of the Purchaser’s last purchase of Company Shares on exercise ofOptions of Options The later of (i) the 91st day following the Purchaser’s Termination Date and (ii) the six-month anniversary of the last vesting date for any installment of the Purchaser’s Restricted Units The later of (i) the 91st day following the Purchaser’s Termination Date and (ii) the six- month anniversary of the date of the Purchaser’s last purchase of Company Shares on exercise of Investment Rights The Purchaser’s Termination Date Due to Death, Disability or Retirement The later of (i) the Purchaser’s Termination Date and (ii) the six month anniversary of the date of the Purchaser’s or, if applicable, the Purchaser Permitted Transferee’s, last purchase of Company Shares upon exercise of Options The Purchaser’s Termination Date The Purchaser’s Termination Date By the Board of Directors Company Group for Cause The date notice of termination is delivered to the Purchaser N/A The date notice of termination is delivered to the Purchaser The date notice of termination is delivered to the Purchaser (d) Procedures; Closing of Repurchase.Purchaser

Appears in 1 contract

Sources: Management Subscription and Shareholders’ Agreement (Burger King Holdings Inc)