Common use of Certain Sales Upon Termination of Employment Clause in Contracts

Certain Sales Upon Termination of Employment. If the Participant's employment is terminated under certain circumstances, the Participant shall have a limited right to sell to the Company (pursuant to Section 4(a) below), and the Company shall have certain rights (pursuant to Section 4(b) below) to purchase from the Participant either (i) the Vested Portion of Participant's Options or (ii) Option Shares acquired pursuant to the exercise of all or any part of the Vested Option, as follows:

Appears in 7 contracts

Samples: Stock Option Award Agreement (Michael Foods Inc/New), Stock Option Award Agreement (Mg Waldbaum Co), Stock Option Award Agreement (Michael Foods Inc/New)

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