Common use of Upon either a Termination Clause in Contracts

Upon either a Termination. For Cause or a Voluntary Termination without Good Reason, for the 180 days following the date of termination, the Employers shall have the right to purchase (i) all but not less than all of the Vested Securities, at a price equal to the Full Value thereof on the date of termination, and/or (ii) all but not less than all other Initial Securities, at cost, plus, in the case of the Subordinated Debentures, accreted discount thereon through and including the date of such purchase; the Executive shall not have the right to require the Employer to repurchase such Vested Securities or other Initial Securities.