Company’s Repurchase Right. (a) The Company shall have the right (but not the obligation) to repurchase (the “Repurchase Right”) any or all of the Shares acquired pursuant to the exercise of this Option in the event that the Optionee’s Continuous Service should terminate for any reason whatsoever, including without limitation Optionee’s death, Disability, voluntary resignation or termination by the Company with or without Cause. Upon exercise of the Repurchase Right, the Optionee shall be obligated to sell his or her Shares to the Company, as provided in this Section 8. The Repurchase Right may be exercised by the Company at any time during the period commencing on the date of termination of Optionee’s Continuous Service and ending ninety (90) days after the last to occur of the following:
Company’s Repurchase Right. (a) In the event that Purchaser voluntarily terminates his relationship with the Company (or a parent or subsidiary of the Company), whether as an employee, director or consultant, and the Co-Founders do not purchase all of Purchaser's unvested Stock pursuant to the Co-Founders' Option under Section 2 above within the period set forth therein, the Company shall then have the right, exercisable upon written notice to Purchaser within thirty (30) days after the expiration of the Co-Founders' Option, to purchase all or a portion of the Stock which has not vested pursuant to Section 4 below as of such termination date (less shares purchased by the Co-Founders pursuant to Section 2 above), at a purchase price of $.047 per share.
Company’s Repurchase Right. In the event of termination of a Participant's Continuous Service for any reason whatsoever (including death or disability), the Option Agreement may provide, in the discretion of the Administrator, that the Company, or its assignee, shall have the right, exercisable at the discretion of the Administrator, to repurchase shares of Common Stock acquired pursuant to the exercise of an Option at any time prior to the consummation of the Company's initial public offering of securities in an offering registered under the Securities Act of 1933, as amended, and at the price equal to the Fair Market Value per share of Common Stock as of the date of termination of Optionee's employment. The repurchase right provided in this Section 5.9 shall terminate and be of no further force or effect following the consummation of an underwritten public offering of the Company's Common Stock. In any event, the right to repurchase must be exercised within sixty (60) days of the termination of Participant's Continuous Service (or in the case of Common Stock issued upon exercise of Options after the date of termination, within sixty (60) days after the date of the exercise) and may be paid by the Company, or its assignee, by cash, check, or cancellation of indebtedness within thirty (30) days of the expiration of the right to exercise.
Company’s Repurchase Right. (i) In the event of Participant’s Termination of Employment for any reason, the Company shall have the right, for a period equal to 180 days following the later of the Termination Date or December 31, 2010 (the later of the Termination Date or December 31, 2010, the “Repurchase Right Date”), to purchase from Participant, or Participant’s personal representative, as the case may be, any or all of the vested Class C Units then owned by Participant at a price per Class C Unit equal to the Repurchase Price (as defined below) (the “Repurchase Right”). The “
Company’s Repurchase Right. 4.4.1 The Company may repurchase all or any portion of the Shares purchased by Executive hereunder, at the Purchase Price (the "Repurchase Right") in which the Executive has not acquired a vested interest in accordance with the vesting provisions of paragraph 4.4.3 (such shares to be hereinafter called the "Unvested Shares"), solely in the event that Executive's employment with the Company is terminated for any reason. Company's Repurchase Rights with respect to the Unvested Shares shall be exercisable at any time for a period of ninety (90) days following the effective date of Executive's termination of employment with the Company.
Company’s Repurchase Right. (a) You understand that following your termination of employment or service with the Company and its affiliates, the Company shall have the right to purchase from you in accordance with the terms of this Section any and all Shares that you acquire pursuant to an exercise of an Option at a price per Share equal to the Fair Market Value thereof as of the date of repurchase (the “Repurchase Right”).
Company’s Repurchase Right. The Company will have the right to repurchase the Class B Common Stock issued upon exercise of the Options at a purchase price equal to the exercise price of the Options should Employee cease to provides services as an officer or director of the Company or one or more of its subsidiaries. The Company’s repurchase right will lapse as to 333,333 shares underlying the Options on each of May 2, 2018 and 2019 and as to 333,334 shares underlying the Options on May 2, 2020. Employee will be prohibited from transferring any shares of the Class B Common Stock issued on exercise of the Option that are subject to the Company’s repurchase right. The Company’s repurchase right shall lapse as to all shares underlying the Options upon the Employee’s death, “Disability,” termination by the Company without “Cause” or termination by the Employee for “Good Reason,” each as defined in the Fourth Amended and Restated Employment Agreement between the Company and the Employee, dated December 14, 2016 (the “Employment Agreement”). ] If the Employee’s employment is terminated by the Company for “Cause" or by the Employee other than for “Good Reason,” each as defined in the Employment Agreement, then the Company’s then the Pro Rata Portion (as defined below) of its right to repurchase the shares upon exercise of the Options shall lapse. As used herein, the term "Pro Rata Portion" shall mean a percentage of the shares subject to the repurchase right that is scheduled to lapse on the May 2 that follows the twelve-month period in which the Date of Termination (as defined in the Employment Agreement) shall occur represented by the portion of such twelve-month period that has elapsed as of the Date of Termination. Jonas 1,000,000 Class B Shares
Company’s Repurchase Right. (a) The Purchaser covenants and agrees that, except with the prior written consent of the Company, he will not transfer, sell or otherwise dispose of, whether directly or indirectly, any of the Shares prior to the later of (i) the second anniversary of the date hereof and (ii) the ninetieth (90th) day following the Termination Date (as defined below), and any purported disposition in violation hereof shall be null and void. If prior to the second anniversary of the date hereof the Purchaser's employment with the Company is terminated for any reason, then within sixty (60) days following the date of such termination (the "Termination Date"), the Company may elect, by delivering to the Purchaser a written notice of the Company's election, to purchase the Shares (including any securities issued in respect of the Shares upon any stock split, stock dividend, recapitalization, merger, consolidation or other similar event) for a total purchase price equal to the Purchase Price.
Company’s Repurchase Right. The Purchaser covenants and agrees that, -------------------------- except with the prior written consent of the Company, he will not transfer, sell or otherwise dispose of, whether directly or indirectly, any of the Shares prior to the later of (i) August 17, 1999 or (ii) the ninetieth (90th) day following the Termination Date (as defined below), and any purported disposition in violation hereof shall be null and void. If prior to the earlier of (y) August 17, 1999 or (z) a Change of Control of the Company, the Purchaser's employment with the Company is terminated voluntarily by Purchaser or by the Company for cause, then within sixty (60) days following the date of such termination (the "Termination Date"), the Company may elect, by delivering to the Purchaser a written notice of the Company's election, to purchase the Shares (including any securities issued in respect of the Shares upon any stock split, stock dividend, recapitalization, merger, consolidation or other similar event) for a total purchase price equal to the Purchase Price. For purposes of this Section 2.1, the term "Change of Control" means the occurrence of any of the following events after the date hereof: (i) any person or group of persons (as defined in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) together with its affiliates, excluding affiliates of Xxxxxx Equity Investors III, L.P., a Delaware limited partnership, and employee benefit plans of the Company, becomes, directly or indirectly, the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act) of securities of the Company representing 51% or more of the combined voting power of the Company's then outstanding securities; (ii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation or entity regardless of which entity is the survivor, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or being converted into voting securities of the surviving entity) at least 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or (iii) the stockholders of the Company approve a plan of complete liquidation or winding-up of the Company or an agreement for the sale or disposition by the Company ...
Company’s Repurchase Right. 5.1. The Company shall have the right (but not the obligation) to repurchase (the “Repurchase Right”) any portion of this Option that has not been exercised by Optionee at any time for any reason whatsoever. Upon exercise of the Repurchase Right, the Optionee shall be obligated to sell the Option to Company, as provided in this Section 5.
