Common use of Company Repurchase Right Clause in Contracts

Company Repurchase Right. In the event of Executive’s death or his termination of employment for any reason other than Cause, the Company (or its designee) may, by written notice following such employment termination, elect to purchase all or any portion of any shares of common stock of Parent held by Executive (including any shares of the Parent’s common stock received upon a distribution from any deferred compensation plan, any Restricted Shares or any common stock issuable upon exercise of any options held by Executive) for Fair Market Value (as each such term is defined in the Management Investor Rights Agreement). The determination date for purposes of determining the Fair Market Value shall be the closing date of the purchase of the applicable shares. The closing date of the sale purchase pursuant to this Section 4(d) shall take place on a date designated by the Company or its designee, as applicable, in accordance with the provisions of the Management Investor Rights Agreement.

Company Repurchase Right. In the event of Executive’s death or his termination of employment for any reason other than Cause, the Company (or its designee) may, by written notice following such employment termination, elect to purchase all or any portion of any the shares of common stock of Parent held by Executive (including any shares of the Parent’s common stock received upon a distribution from any deferred compensation plan, any Restricted Shares or any common stock issuable upon exercise of any options held by Executive) for Fair Market Value (as each such term is defined in the Management Investor Rights Agreement). The determination date for purposes of determining the Fair Market Value shall be the closing date of the purchase of the applicable shares. The closing date of the sale purchase pursuant to this Section 4(d) shall take place on a date designated by the Company or its designee, as applicable, in accordance with the provisions of the Management Investor Rights Agreement.

Company Repurchase Right. In the event of Executive’s death or his her termination of employment for any reason other than Cause, the Company (or its designee) may, by written notice following such employment termination, elect to purchase all or any portion of any the shares of common stock of Parent held by Executive (including any shares of the Parent’s common stock received upon a distribution from any deferred compensation plan, any Restricted Shares restricted shares or any common stock issuable upon exercise of any options held by Executive) for Fair Market Value (as each such term is defined in the Management Investor Rights Agreement). The determination date for purposes of determining the Fair Market Value shall be the closing date of the purchase of the applicable shares. The closing date of the sale purchase pursuant to this Section 4(d) shall take place on a date designated by the Company or its designee, as applicable, in accordance with the provisions of the Management Investor Rights Agreement.