Common use of Termination of Put Right Clause in Contracts

Termination of Put Right. The provisions of this Section 4 will terminate upon the earlier to occur of (i) the second anniversary of this Agreement and (ii) at the time of the consummation of a Sale of the Company or a Qualified Initial Public Offering if Executive is still employed at the Company or any of its Subsidiaries at the time of such Sale of the Company or a Qualified Initial Public Offering, as the case may be.