Common use of Company Repurchase Right Clause in Contracts

Company Repurchase Right. If the Holder ceases to be an Employee for any reason before an initial public offering of the Shares, the Company may repurchase any Shares purchased upon exercise of this Option. The Company’s repurchase right shall have a term of one (1) year beginning on the date on which the Holder ceases to be an Employee. The repurchase price shall equal the Fair Market Value of the Shares as determined by the Committee as of any date within the 30-day period before the date of repurchase; provided that if the Holder is terminated by the Company because of the Holder’s commission of any of the acts described in Section 10(i) of the Plan, the repurchase price shall be the lower of the purchase price the Holder paid for the Shares or the Shares’ Fair Market Value. The Company shall pay the repurchase price to the Holder in a lump sum and in cash (or equivalent readily available funds).

Company Repurchase Right. If the Holder ceases to be an Employee for any reason before an initial public offering of the Shares, the Company may repurchase any Shares purchased upon exercise of this Option. The Company’s repurchase right shall have a term of one (1) year beginning on the date on which the Holder ceases to be an Employee. The repurchase price shall equal the Fair Market Value of the Shares as determined by the Committee as of any date within the 30-day period before the date of repurchase; provided that if the Holder is terminated by the Company because of the Holder’s commission of any of the acts described in Section 10(i) of the Plan, the repurchase price shall be the Annual Stock Option Award Agreement Advanced Disposal Waste Holdings Corp. 2012 Stock Incentive Plan lower of the purchase price the Holder paid for the Shares or the Shares’ Fair Market Value. The Company shall pay the repurchase price to the Holder in a lump sum and in cash (or equivalent readily available funds).