Buy-Back Rights. If the Optionee terminates employment for any reason, the Optionee must, upon request by the Committee, sell his or her shares of Common Stock to the Company at a price equal to the Fair Market Value of such shares of Common Stock on the date of such sale. The Company shall exercise the buy-back right with respect to the Optionee no later than twelve (12) months after the date the Optionee terminates employment.
Appears in 3 contracts
Samples: Employee Nonqualified Stock Option Agreement (Build a Bear Workshop Inc), Incentive Stock Option Agreement (Build a Bear Workshop Inc), Incentive Stock Option Agreement (Build a Bear Workshop Inc)
Buy-Back Rights. If the Optionee Optionee's directorship terminates employment for any reason, the Optionee must, upon request by the Committee, sell his or her shares of Common Stock to the Company at a price equal to the Fair Market Value of such shares of Common Stock on the date of such sale. The Company shall exercise the buy-back right with respect to the Optionee no later than twelve (12) months after the date the Optionee terminates employmentOptionee's directorship terminates.
Appears in 2 contracts
Samples: Director Nonqualified Stock Option Agreement (Build a Bear Workshop Inc), Nonqualified Stock Option Agreement (Build a Bear Workshop Inc)
Buy-Back Rights. If the Optionee terminates employment for any reason, the Optionee must, upon request by the Committee, offer to sell his or her shares of Common Stock to the Company at a price equal to the Fair Market Value of such shares of Common Stock on the date of such sale. The Company shall may exercise the buy-back right with respect to the Optionee no later than twelve (12) months after the date the Optionee terminates employment.
Appears in 1 contract
Samples: Stock Option Agreement (Gulfstream International Group Inc)
