Company Repurchase Right. If the Participant voluntarily or involuntarily terminates his or her Service for any reason other than Cause, the Company shall have the right to repurchase all or any portion of the Stock acquired by the Participant pursuant to this Agreement by offering to pay the Participant the Fair Market Value of such Stock, determined as of the Date of Termination. This repurchase right must be exercised by the Company, if at all, within one hundred eighty (180) days after the Participant’s Date of Termination. The Company shall pay cash in a lump sum for such shares of Stock and/or shall make payment by canceling an amount of indebtedness owed to it by the Participant. The Company may in its complete discretion assign its repurchase rights to any other person.
Appears in 4 contracts
Samples: Restricted Stock Agreement (Bidgive International Inc), Executive Employment Agreement (Bidgive International Inc), Restricted Stock Agreement (Bidgive International Inc)
