Common use of Termination of Repurchase Options Clause in Contracts

Termination of Repurchase Options. The repurchase provisions under this paragraph 3 (and the rights and obligations created thereby) shall cease to apply to all Time-Vested Securities upon the consummation of a Qualified Sale of the Company or a Qualified Public Offering (it being understood that (i) such provisions, rights, and obligations shall continue to apply to all Un-Time-Vested Securities until such time as they become Time-Vested Securities in accordance with the terms hereof, and (ii) the forfeiture provisions of the Performance Vesting Agreement shall continue to apply to all Un-Performance-Vested Securities until such time as they become Performance-Vested Securities in accordance with the terms of the Performance Vesting Agreement).

Termination of Repurchase Options. The repurchase provisions --------------------------------- under this paragraph 3 (and the rights and obligations created thereby) shall cease to apply to all Time-Vested Securities upon the consummation of a Qualified Sale of the Company or a Qualified Public Offering (it being understood that (i) such provisions, rights, and obligations shall continue to apply to all Un-Time-Vested Securities until such time as they become Time-Time- Vested Securities in accordance with the terms hereof, and (ii) the forfeiture provisions of the Performance Vesting Agreement shall continue to apply to all Un-Performance-Vested Securities until such time as they become Performance-Performance- Vested Securities in accordance with the terms of the Performance Vesting Agreement).

Termination of Repurchase Options. The repurchase provisions --------------------------------- under this paragraph Section 3 (and the rights and obligations created thereby) shall cease to apply to all Time-Vested Securities upon the consummation of a Qualified Sale of the Company or a Qualified Public Offering (it being understood that (i) such provisions, rights, and obligations shall continue to apply to all Un-Time-Vested Securities until such time as they become Time-Time- Vested Securities in accordance with the terms hereof, and (ii) the forfeiture provisions of the Performance Vesting Agreement shall continue to apply to all Un-Performance-Vested Securities until such time as they become Performance-Performance- Vested Securities in accordance with the terms of the Performance Vesting Agreement).