Automatic Repurchase Event definition

Automatic Repurchase Event means (x) the termination of Executive's employment pursuant to this Agreement or any agreement supplementing, amending or extending this Agreement, (y) the seventh (7th) anniversary of the Commencement Date.
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Automatic Repurchase Event means (v) the consummation of a Company Merger after giving effect to which the Cash Equity Investors set forth in the Securities Purchase Agreement, in the aggregate, shall beneficially own on a Fully Diluted Basis less than 33% of the capital stock or other equity interests in the surviving entity, (w) the consummation of a Company Sale, (x) the termination of Executive's employment pursuant to this Agreement or any agreement supplementing, amending or extending this Agreement, (y) if and only if the IPO Date (as defined in the Stockholder Agreement) has theretofore occurred, the seven (7) year anniversary of the date hereof, and (z) if and only if the IPO Date has not occurred prior to the seven (7) year anniversary of the date hereof, the IPO Date.
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Automatic Repurchase Event means (x) the termination of the Grantee's -------------------------- employment or (y) the seventh (7th) anniversary of the Date of Grant.
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Examples of Automatic Repurchase Event in a sentence

  • The closing of a purchase and sale of Repurchased Shares shall take place on a date mutually agreed by Executive and the Company, but in no event later than 20 days after (i) the date that employment of Executive shall have terminated or, in the case of a repurchase pursuant to Sections 7(b)(v), the end of any 30-day period referred to in Section 7(b)(v), or (ii) in the case of Automatic Repurchase Event other than termination of employment of Executive, the occurrence of the applicable event.

  • Upon an Automatic Repurchase Event, Executive shall sell to the Company, and the Company shall purchase from Executive, the aggregate of (I) all Base Shares that shall not have vested in accordance with Schedule IV, plus (II) the number of Restricted Shares subject to repurchase pursuant to Section 7(b)(v).

  • The closing of a purchase and sale of repurchased shares shall take place on a date mutually agreed by Grantee and the Company, but in no event later than twenty (20) days after (i) the date that employment of Grantee shall have terminated or (ii) in the case of an Automatic Repurchase Event occurring on the seventh (7th) anniversary of the Date of Grant, the date of such anniversary.


More Definitions of Automatic Repurchase Event

Automatic Repurchase Event means (v) the consummation of a Company Merger after giving effect to which the Cash Equity Investors, in the aggregate, shall beneficially own on a Fully Diluted Basis less than 33% of the capital stock or other equity interests in the surviving entity, (w) the consummation of a Company Asset Sale, (x) the termination of Grantee's employment, (y) if and only if the IPO Date has theretofore occurred, the seventh (7th) anniversary of the Date of Grant, and (z) if and only if the IPO Date has not occurred prior to the seventh (7th) anniversary of the date hereof, the IPO Date.
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