Company Right to Repurchase Sample Clauses

Company Right to Repurchase. Subject to Section 5 above, at such time as Employee is no longer employed by the Company or any of its affiliates for any reason whatsoever (whether due to death, Disability, voluntary resignation, involuntary termination or any other reason), the Company will have an assignable right, but not an obligation, to repurchase any Unvested Restricted Stock owned by Employee at the time of termination for a price equal to one-half cent ($0.005) per share, subject to appropriate adjustment for stock splits and combinations.
Sample 1
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Company Right to Repurchase. Notwithstanding anything to the contrary contained in this Agreement, subject to the terms and conditions set forth below, the Company shall have the right to repurchase all (but not less than all) of this Warrant (to the extent not previously exercised) for the Repurchase Price (defined below) at any time on or after the date on which all of the Repurchase Conditions (defined below) have been met. As used in this Section 12: (a) "Repurchase Conditions" means (i) the Company, on or before 5:00 PM, Eastern time on June 30, 2000, shall have paid in full all amounts (including, without limitation, principal, accrued interest and other charges) owing, and otherwise fully performed all of its obligations, under the Loan Agreement and all instruments and other evidences of indebtedness issued thereunder, (ii) the average closing or last sale price of a share of the Company's Common Stock on the national securities exchange or NASDAQ National Market System on which shares of the
Sample 1
Company Right to Repurchase. At such time as Employee becomes unemployed by the Company or any of its affiliates for any reason whatsoever (whether due to death, Total Disability, voluntary resignation, involuntary termination or any other reason) , the Company will have an assignable right, but not an obligation, to repurchase any Unvested Shares owned by Employee at the time of termination for a price equal to two cents ($.02) per share, subject to appropriate adjustment for stock splits and combinations.
Sample 1
Company Right to Repurchase. Upon notice to the Participant at any time, the Company shall have the right to repurchase all shares of the Company acquired and held by the Participant pursuant to the exercise of this Stock Option. The repurchase price shall be the greater of (i) the most recently determined, as of the date of closing, Fair Market Value of the Optioned Shares and (ii) the purchase price of the Optioned Shares paid by Participant. Upon repurchase by the Company, the Participant shall receive in cash the purchase price of the Optioned Shares paid by the Participant; the balance of the repurchase price shall be paid in cash or with a five year unsecured promissory note bearing interest equal to a publicly announced prime interest rate selected by the Company, adjusted quarterly.
Sample 1
Company Right to Repurchase. In the event of termination of a Management Holder's (hereinafter defined) employment with the Company and its Subsidiaries (as defined below) either voluntarily by such Management Holder or for "cause" (as such term is defined in such Management Holder's employment agreement), the Company shall have the right, exercisable by written notice to the Management Holder at any time prior to the expiration of the ninety (90) day period following such termination of employment, to elect to repurchase all or any portion of the Capital Stock (including vested options) held, directly or indirectly, by such Management Holder and its permitted transferees (the "Eligible Stock"), at a cash price per share equal to (i) in the case of termination of such Management Holder for "cause", the fair market value of the Eligible Stock (or, in the case of vested options, the excess of such fair market value over the per-share exercise price under such options), in each case at a thirty-five percent (35%) discount, and (ii) in the case of the voluntary termination by such Management Holder, the fair market value of the Eligible Stock (or, in the case of vested options, the excess of such fair market value over the per-share exercise price under such options), in either case, as appropriately adjusted for stock splits, stock dividends, combinations, reclassifications and other similar transactions. A "Management Holder" is a holder of Capital Stock who has agreed to be bound by the provisions hereof and is or was an employee of the Company.
Sample 1
Company Right to Repurchase. The Company shall have the right and option (the “Repurchase Right”) to repurchase all or any portion of the Shares issuable to Participant pursuant to this Restricted Stock Award as follows: (a) If the Company elects to exercise its Repurchase Right, the Company shall deliver, not later than the second business day prior to a Vesting Date, a notice (“Notice”) to the Participant stating (i) the Company’s intention to purchase all or any portion of the Shares vesting on the applicable Vesting Date, (ii) the number of such Shares to be purchased, and (iii) the date and place for closing, which closing shall occur not more than five (5) days after the Company’s mailing of the Notice. (b) At the closing, the holder of the certificate for the Shares to be sold shall deliver the stock certificate or certificates evidencing such Shares, duly endorsed in blank or with duly endorsed stock powers attached thereto all in form suitable for the transfer of the Shares to the Company and the Company shall deliver the purchase price therefor, at a price per Share equal to the Fair Market Value (as determined in accordance with Section 6). The Company may elect to exercise the Repurchase Right by withholding issuance of the number of Shares issuable on the applicable Vesting Date equal to the number of Shares the Company has elected to purchase pursuant to the Repurchase Right as set forth in the Notice, in exchange for payment of the purchase price. (c) The Company shall not be required (i) to transfer on its books any Vested Shares which shall have been sold or transferred in violation of any of the provisions set forth in this Agreement, or (ii) to treat as owner of such Shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such Shares shall have been so transferred.
Sample 1

Related to Company Right to Repurchase

  • Right to Require Repurchase 66 SECTION 12.02. Conditions to the Company's Election to Pay the Repurchase Price in Common Stock.......................... 67 SECTION 12.03. Notices; Method of Exercising Repurchase Right, Etc......... 67 SECTION 12.04.

  • Company Right of First Refusal (a) Before the Warrant, any portion thereof or any Shares may be sold or otherwise transferred by the Holder, the Company shall have a right of first refusal to purchase the Warrant, such portion thereof and/or any such Shares, as the case may be, on the terms and conditions set forth in this Section 11. (b) If the Holder proposes to sell or otherwise transfer the Warrant, any portion thereof or any number of the Shares it holds at such time to any third party other than one that it controls, is controlled by, or is under common control with (each an "Affiliate"), the Holder shall deliver to the Company a written notice ("Sale Notice"), in accordance with Section 15, stating (i) the Holder's bona fide intention to sell or otherwise transfer the Warrant, any portion thereof or a certain number of Shares (collectively, the "Transfer Interests"), as the case may be, (ii) the name of the proposed purchaser or other transferee (the "Proposed Buyer"), and (iii) the bona fide cash price or other consideration for which the Holder proposes to transfer the Transfer Interests (the "Offered Price"), and the Holder shall offer to sell the Transfer Interests to the Company at the Offered Price. (c) The Company may, at any time within sixty (60) days after receipt by the Company of a Sale Notice, elect to purchase the Transfer Interests by giving written notice to the Holder, in accordance with Section 15, at a purchase price equal to the Offered Price (the "Purchase Price"). If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall be determined by the board of directors of the Company in good faith. (d) Payment of the Purchase Price shall be made in cash (by check) within sixty (60) days after the date of the Company's election to purchase the Transfer Interests. (e) If the Transfer Interests are not purchased by the Company as provided herein, then the Holder may sell or otherwise transfer the Transfer Interests to the Proposed Buyer at the Offered Price or at a higher price, provided that such sale or other transfer (i) is consummated within six (6) months after the date of the Sale Notice, and (ii) is in accordance with all the terms of this Agreement and all other agreements between the Holder and the Company. If the Transfer Interests are not transferred to the Proposed Buyer within such six-month period in accordance with the preceding sentence, a new Sale Notice shall be given to the Company, and the Company shall again be offered a right of first refusal under this Section 11 before the Warrant, any portion thereof or any Shares, as the case may be, may be sold or otherwise transferred.

  • Right to Redeem The Board of Directors of the Company may, at its option, at any time prior to a Trigger Event, redeem all but not less than all of the then outstanding Rights at a redemption price of $.01 per Right, appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), and the Company may, at its option, pay the Redemption Price in Common Shares (based on the "current per share market price," determined pursuant to Section 11.4, of the Common Shares at the time of redemption), cash or any other form of consideration deemed appropriate by the Board of Directors. The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and subject to such conditions as the Board of Directors in its sole discretion may establish.

  • Right to Refuse Employees have the right to refuse to undergo drug and alcohol testing. If an employee refuses to undergo drug or alcohol testing requested or required by the Employer, no such test shall be given.

  • Your Right to Cancel You can cancel this Agreement by giving written notice to us within 5 business days of being handed a completed copy of this Agreement; or within 7 business days of receipt if the completed Agreement is emailed or sent to you electronically; or within 9 business days of the date the completed Agreement was posted to you (if applicable). Saturdays, Sundays and national public holidays are not counted as business days. You can physically give the notice to us or our employee or agent, post the notice to us or our agent or email the notice to our email address listed in these Commercial Terms. If you cancel this Agreement, you must immediately repay the Loan and any interest accrued for the period starting on the day you get the Loan until the day you repay us in full (if relevant). You must also reimburse us for any reasonable expenses we have to pay in connection with this Agreement and its cancellation, including legal fees and credit report fees. This statement is only a summary of your cancellation rights and obligations. If you want more information, or if you think that we are being unreasonable in any way, you should seek legal advice immediately. If you are unable reasonably to keep up your payments because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, you may be able to ask us to vary the terms of this Agreement (we call this a Hardship Variation). To apply for a Hardship Variation, you need to:

  • Right of Holders to Require the Company to Repurchase Notes Upon a Fundamental Change Subject to the other terms of this Section 4.02, if a Fundamental Change occurs, then each Holder will have the right (the “Fundamental Change Repurchase Right”) to require the Company to repurchase such Holder’s Notes (or any portion thereof in an Authorized Denomination) on the Fundamental Change Repurchase Date for such Fundamental Change for a cash purchase price equal to the Fundamental Change Repurchase Price.

  • Right of the Company to Redeem the Notes The Company will have the right to redeem the Notes for cash in the manner, and subject to the terms, set forth in Section 4.03 of the Indenture.

  • Right to Rescind You have the right to rescind this Agreement within three (3) business days of your receipt of this Agreement by contacting Starion at: 0-000-000-0000; xxxxxx@xxxxxxxxxxxxx.xxx; or P.O. Box 845, Middlebury, CT 06762.

  • Right to Reject The Department reserves the right to accept or reject all proposals, or separable portions thereof, and to waive any minor irregularity, technicality, or omission if the Department determines that doing so shall serve the Department’s best interests. The Department may reject any proposal not submitted in the manner specified by the solicitation documents.

  • Right to Refuse to Cross Picket Lines (a) All employees covered by this Agreement shall have the right to refuse to cross a picket line arising out of a dispute as defined in the appropriate legislation. Any employees failing to report for duty shall be considered to be absent without pay. (b) Failure to cross a picket line encountered in carrying out the Employer's business shall not be considered a violation of this Agreement nor shall it be grounds for disciplinary action.

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