Unvested Share Repurchase Option. The Company shall have the option (the "Unvested Share Repurchase Option") to reacquire any shares purchased pursuant to this Agreement which have not vested in the Founder pursuant to subsection 2(a) (the "Unvested Shares") under the terms set forth in this Section 2.
Unvested Share Repurchase Option. In the event the Purchaser's -------------------------------- employment with the Company is terminated for any reason (other than death or disability), with or without cause, or if the Purchaser or the Purchaser's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of any shares purchased pursuant to this Agreement which have not vested in the Purchaser pursuant to Section 2(a) (the "Unvested Shares"), the Company shall have the right to reacquire the Unvested Shares under the terms set forth in this Section 2 (the "Unvested Share Repurchase Option").
Unvested Share Repurchase Option. The Founder hereby grants to (i) each other person that is in the Founders Group, as determined from time to time, and (ii) the Company, the irrevocable right and option (the “Unvested Share Repurchase Option”) to acquire any shares purchased by the Founder pursuant to this Agreement which have not vested in the Founder pursuant to Section 2(a) or Section 2(f) (the “Unvested Shares”) under the terms set forth in this Section 2.
Unvested Share Repurchase Option. In the event of the termination of the License Agreement by the Corporation pursuant to Section 8.2 thereof, the Corporation shall have the right to reacquire the shares of the Stock which have not vested pursuant to the provisions of this Section 1 ("Unvested Shares") under the terms and subject to the conditions set forth in this Section 1 (the "Unvested Share Repurchase Option").
Unvested Share Repurchase Option. In the event the Optionee's employment with the Participating Company Group is terminated for any reason, with or without cause, or if the Optionee or the Optionee's legal representative attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change) any shares acquired upon exercise of the Option which exceed the Optionee's Vested Shares as defined in paragraph 11(b) below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this paragraph 11 (the "UNVESTED SHARE REPURCHASE OPTION").
Unvested Share Repurchase Option. Upon the termination of the Founder’s service to the Company as an employee or consultant, for any reason, or no reason, with or without Cause, including Involuntary Termination, death or temporary or permanent disability, the Company shall have a right (but not an obligation) (the “Unvested Share Repurchase Option”) to repurchase any shares of Stock to the extent they have not vested pursuant to subsections 1(a) and (b) (“Unvested Shares”) under the terms set forth below.
Unvested Share Repurchase Option. In the event the Executive's employment with the Company is terminated for any reason or no reason, or if the Executive or the Executive's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of ("TRANSFER") any shares purchased pursuant to this Agreement other than to a Permitted Transferee (as defined below) which have not vested in the Executive pursuant to Sections 2(a)(d-g) below (the "UNVESTED SHARES"), the Company shall have the right to reacquire the Unvested Shares under the terms and subject to the conditions set forth in this Section 2 (the "UNVESTED SHARE REPURCHASE OPTION").
Unvested Share Repurchase Option. The Company shall have an option to repurchase all Unvested Shares upon the termination of a Founder’s Service (the "Unvested Share Repurchase Option"). If the Company desires to purchase Unvested Shares from a Founder pursuant to the Unvested Share Repurchase Option, the Company must, within 90 (ninety) days after termination of the Founder’s Service to the Company, give written notice to the Founder of the Company’s election to purchase the Unvested Shares.
Unvested Share Repurchase Option. In the event a Founder's service -------------------------------- relationship with the Company is terminated by the Company for cause or by such Founder for any reason other than a resignation for good reason, or if the Founder or the Founder's legal representative attempts to Transfer any of the Founders' Stock which have not vested in the Founder pursuant to Section 8(b) below (the "Unvested Shares"), the Company shall have the right to reacquire the Unvested Shares under the terms and subject to the conditions set forth in this Section 8 (the "Unvested Share Repurchase Option"). For the purposes of this Agreement, "cause" shall mean if a Founder (i) willfully refuses to perform its duties without reasonable cause despite adequate and repeated written warnings, (ii) acts fraudulently with respect to the Company, and such fraudulent act materially injures the Company or (iii) is convicted of a felony involving moral turpitude, except relating to, or arising from, a claim regarding infringement of third party intellectual property rights. "Good reason" means any of the following conditions, which condition(s) remain(s) in effect 30 days after written notice to the Chairman of the Board or Chief Executive Officer of the Company from a Founder of such condition(s): (i) a decrease in such Founder's base pay rate; (ii) a change in such Founder's duties, title or reporting structure as measured against those in effect as of the date of this Agreement; or (iii) the relocation of such Founder's work place for the Company to a location that is more than 25 miles from the location at which such Founder last worked for the Company.
Unvested Share Repurchase Option. The Purchaser will become an -------------------------------- employee as soon as he has obtained an appropriate visa from the INS. Thereafter, in the event the Purchaser's employment with the Company is terminated for any reason (other than death or disability), with or without cause, or if the Purchaser or the Purchaser's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of any shares purchased pursuant to this Agreement which have not vested in the Purchaser pursuant to Section 2(a) (the "Unvested Shares"), the Company shall have the right to reacquire the Unvested Shares under the terms set forth in this Section 2 (the "Unvested Share Repurchase Option"). If the Purchaser is unable to obtain a visa enabling him to be employed by the Company, the Purchaser will become a consultant to the Company and the Stock will vest on the same schedule as is set forth in this Section 2, with the Unvested Share Repurchase Option triggered by termination of the consulting relationship (for reasons other than death or disability).
