Termination of Repurchase Option. Sections 2, 3, 4 and 5 of this Agreement shall terminate upon the exercise in full or expiration of the Repurchase Option, whichever occurs first.
Termination of Repurchase Option. The right of the Company to repurchase Employee Units pursuant to this Section 6 shall terminate upon the first to occur of a Sale of the Company or a Qualified Public Offering.
Termination of Repurchase Option. The rights under this Section 3 of the LLC and/or its assignees to repurchase Vested Securities (but not Unvested Securities) shall terminate upon the consummation of a Public Offering. All rights under this Section 3 of the LLC and/or its assignees to repurchase Executive Securities (including both Vested Securities and Unvested Securities) shall terminate upon a Qualified Sale of the Corporation.
Termination of Repurchase Option. The provisions of this Section 4 will terminate upon a Sale of the Company.
Termination of Repurchase Option. All rights and obligations created pursuant to this Section 4 shall be extinguished upon the earlier of (i) a Sale of the Company or (ii) the consummation of an Initial Public Offering.
Termination of Repurchase Option. The Repurchase Option set forth in this Section 8 shall continue with respect to all Executive Securities following any Transfer thereof; provided that such Repurchase Option shall terminate effective immediately after the consummation of a Sale of the Company or a Public Offering of the Company's equity securities in which the Company receives net proceeds of at least $100 million; and provided further that, with respect to each share of Executive Securities, the Repurchase Option with respect to such share shall terminate immediately upon the Transfer of such share pursuant to a Public Sale.
Termination of Repurchase Option. The right of Holdings to repurchase Executive Securities pursuant to this paragraph 4.B shall terminate upon the first to occur of (i) the Sale of Holdings, or (ii) the Sale of the Company. The Repurchase Option set forth in this paragraph 4.B will continue with respect to such Executive Securities following any transfer thereof other than a transfer to Holdings.
Termination of Repurchase Option. Except for purchases of Unvested Shares by the Company as contemplated by Section 5, no Shares, nor any interest therein, may be sold, assigned, pledged or otherwise transferred until the Repurchase Option shall have terminated with respect to such Shares.
Termination of Repurchase Option. The right under this paragraph -------------------------------- 3 of the Company and/or its assignees to repurchase Executive Stock shall terminate upon a Qualified Sale of the Company.
Termination of Repurchase Option. The Repurchase Option granted in this Article VII shall terminate upon the later of (i) the expiration of the Stock Restrictions Period; and (ii) such time as the Restricted Stockholders and all of their Affiliates and Associates, individually and as a group, Beneficially Own less than 4.9% of the Company’s outstanding Common Stock (including any amount of Common Stock into which any Capital Stock Beneficially Owned could, under any circumstance, be convertible). In addition, the Repurchase Option granted under this Article VII shall terminate (i) as to Restricted Securities proposed to be Transferred in a Proposed Public Transfer on the date such Restricted Securities are sold pursuant to such Proposed Public Transfer; and (ii) as to Restricted Securities proposed to be Transferred to a Proposed Private Transfer Qualified Transferee, on the date such Restricted Securities are transferred to such Proposed Private Transfer Qualified Transferee.
