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. Upon the occurrence of a Repurchase Event, the Company shall have the right (the “Repurchase Right”), but not the obligation, to purchase from Employee any and all of the Restricted Shares for a purchase price equal to $11.76 per share subject to adjustments by the Board for stock splits, reverse stock splits and recapitalizations (as so adjusted, the “Repurchase Price”). If the Company desires to exercise the Repurchase Right, it must do so by delivering a written notice (the “Repurchase Notice”) to Employee within 60 days of the date upon which the Repurchase Event occurs and such notice must specify (i) the number of Restricted Shares the Company elects to repurchase and (ii) a closing date (which shall be within 30 days after the date the Repurchase Notice is given). The Repurchase Price shall be paid in cash at the closing; provided, at the Company’s election, the Repurchase Price may be satisfied, in whole or in part, by a dollar for dollar reduction of the outstanding amount of principal and accrued, unpaid interest on the Note. If the Company does not deliver the Repurchase Notice to Employee within 60 days after the date upon which a Repurchase Event occurs, then the Repurchase Right shall lapse upon the expiration of such 60-day period. Further, if the Company elects in the Repurchase Notice to exercise the Repurchase Right with respect to less than all of the Restricted Shares then subject to the Repurchase Right, then the Repurchase Right shall lapse as to the number of Restricted Shares with respect to which the Company elected not to exercise the Repurchase Right.
Company’s Repurchase Right. The Company shall have the right, but -------------------------- not the obligation, to repurchase a portion of the shares subject to this Warrant from the Holder (the "Repurchase Right") as follows: (a) if the loan obligation of the Company evidenced by that certain Loan Agreement dated concurrently herewith is repaid in full prior to or on the six-month anniversary of the date that the Company first receives the loan proceeds and if prior to such repayment in full, there was no monetary default or other material default under the documents evidencing such loan which were not cured within any applicable cure period, then, the Company may repurchase up to an aggregate of 550,000 of the shares subject to the Warrant at $0.01 per share; (b) if the conditions in subparagraph (a) above are not met, and if such loan obligation is repaid in full prior to or on the twelve-month anniversary of the date that the Company first receives the loan proceeds and if prior to such repayment in full, there was no monetary default or other material default under the documents evidencing such loan which were not cured within any applicable cure period, then, the Company may repurchase up to an aggregate of 300,000 of the shares subject to the Warrant at $0.05 per share; provided, however, that the number of -------- ------- shares subject to the Repurchase Right shall be subject to adjustment from time to time in accordance with Section 7.1, Section 7.2 and Section 7.3 above. The Company shall exercise its Repurchase Right by delivering to the Holder a written notice of exercise within 90 days of the applicable six-month or twelve- month anniversary, as the case may be, which notice shall indicate the amount of shares of Common Stock subject to this Warrant to be repurchased and shall be accompanied by cash or a check in the amount of the aggregate repurchase price. The number of shares of Common Stock repurchased shall be satisfied first, from the number of shares issuable upon exercise of the Warrant and, second, from the number of shares issued upon exercise of the Warrant; provided, however, that in -------- ------- the event that the Company repurchases shares of issued Common Stock from the Holder, the purchase price for such shares shall be equal to the Exercise Price paid by the Holder for such shares.
Company’s Repurchase Right. All shares purchased upon exercise of the option under this Agreement shall be subject to the Company’s repurchase right as determined under the Plan.
Company’s Repurchase Right. The Company shall have the option (but not the obligation), in its sole and absolute discretion, exercisable upon written notice to the Distributor mailed within fourteen (14) days following the mailing of a notice of termination of this Agreement to repurchase from the Distributor, or from the Distributor's legal representatives (in the event of the insolvency or other such situations), all or any part of the Distributor's inventory of Products existing on the effective date of such termination for cause, at a price equal to the Distributor's net purchase price therefor from the Company, or the Company's price for Products to its authorized Distributors of the Products at the time of such repurchase, whichever price is lower. If the Company elects, in its sole and absolute discretion, to purchase Products which are not then on the Company's current price sheet or which are damaged or not in their original containers, the parties hereto agree to negotiate the price thereof in good faith. In the event the Initial SF Date 8/5 ----- ---- Company exercises its option to repurchase all or any part of the Distributor's inventory of the Products, the Distributor hereby agrees to sell to the Company that portion of its inventory of Products as the Company elects to purchase, as of the effective date of termination of this Agreement, and to immediately deliver the same to the Company at the Distributor's sole cost and expense, at such time(s) and to such place(s) as the Company shall have the right to designate, free and clear of any liens or encumbrances thereon. The Company shall have the right to offset against any monies payable to the Distributor under this paragraph any monies that are due and owing from the Distributor to the Company as of the date any such payment is due. Initial SF Date 8/5 ----- ----
