Companys Right of Repurchase. (a) The Shares shall be subject to a right of repurchase in favor of the Company (the "RIGHT OF REPURCHASE") to the extent set forth on Exhibit A attached hereto. Except with respect to a termination without Cause as described in Exhibit A, if the Grantee shall cease to be a Service Provider for any reason (including death, disability, for Cause or resignation) before the Right of Repurchase lapses in accordance with Exhibit A, the Company may purchase the Shares subject to the Right of Repurchase for an amount equal to the price the Grantee paid for such Shares (exclusive of any taxes paid upon acquisition of the stock). The Grantee may not dispose of or transfer Shares while such Shares are subject to the Right of Repurchase and any such attempted transfer shall be null and void. The Grantee acknowledges and agrees that until such time as the Shares are no longer subject to the Right of Repurchase, the Shares shall be retained by the Company at the Company's executive offices. Any Shares released from the Right of Repurchase pursuant to the provisions set forth in Exhibit A shall be released from the Company's Right of Repurchase forever and shall not be subject to repurchase in the event of Grantee's ceasing to be a Service Provider for any reason.
(b) The Company may exercise its Right of Repurchase set forth in this Section 4 by written notice to the Grantee within 90 days after the date on which the Grantee ceases to be retained as a Service Provider. If the Company (or its assignees) exercises its Right of Repurchase, the Grantee shall, if necessary, endorse and deliver to the Company (or its assignees) the stock certificates representing the Shares being repurchased, and the Company (or its assignees) shall pay the Grantee the total repurchase price in cash upon such delivery. The Grantee shall cease to have any rights with respect to such repurchased Shares immediately upon receipt of the repurchase price.
Companys Right of Repurchase. Upon termination of Optionee's ----------------------------- Continuous Status as an Employee or Consultant, the Company or its assignee(s) shall have a right to repurchase all the Shares then owned by Optionee, Optionee's Immediate Family pursuant to Section 4(f) above or a trust for the benefit of Optionee's Immediate Family pursuant to Section 4(f) above (each of which are sometimes referred to herein as the "Owner") on the terms and ----- conditions set forth in this Section (the "Right of Repurchase"). -------------------
Companys Right of Repurchase. The Company shall be entitled, at the Company's option, to repurchase from Purchaser at Purchaser's original purchase price any or all of the Shares issued hereby for a period of one year from the effective date of this Agreement.
Companys Right of Repurchase. In the event that the Optionee's employment with or service to the Company is terminated for any reason or any of its subsidiaries, the Company shall have the right, unless waived by the Administrators at the time of any award or thereafter, to repurchase all, but not less than all of the securities that such Optionee has purchased or has been awarded under this Agreement on the following terms:
Companys Right of Repurchase. The Company shall have the right (the "Repurchase Right") to repurchase some or all of the Option Shares which the Optionee has elected to exercise from the Optionee, upon the occurrence of any of the events specified in Section 8(b) below (the "Repurchase Event"). The Repurchase Right may be exercised by the Company within 180 days following the date of such event (the "Repurchase Period"). The Repurchase Right shall be exercised by the Company by giving the holder written notice on or before the last day of the Repurchase Period of its intention to exercise the Repurchase Right, and, together with such notice, tendering to the holder an amount equal to the greater of the option price or the fair market value of the shares, determined as provided in Section 8(c). The Company may assign the Repurchase Right to one or more persons. Upon exercise of the Repurchase Right in the manner provided in this Section 8(a), the Optionee shall deliver to the Company the stock certificate or certificates representing the Option Shares being repurchased, duly endorsed and free and clear of any and all liens, charges and encumbrances. If Option Shares are not purchased under the Repurchase Right, the Optionee and his or her successor in interest, if any, will hold any such shares in his or her possession subject to all of the provisions of this Section 8 and Section 9 hereof.
Companys Right of Repurchase. This option may be terminated and the Option Shares may be repurchased by the Company in accordance with the provisions of Section 10 of the Plan.
Companys Right of Repurchase. Following a termination of the Optionee's Service, the Company shall have a Right of Repurchase exercisable over the Optionee's options at a price equal to the Fair Market Value of the Stock underlying vested options, less the Exercise Price. The Company shall also have a Right of Repurchase over Stock acquired under this Agreement, which shall be exercisable at a price equal to the Fair Market Value of the vested Stock.
Companys Right of Repurchase. The Company covenants and agrees that, on and after the date hereof, the Company’s form of Early Exercise Stock Purchase Agreement shall contain a provision explicitly giving the Company the right to assign its Purchase Option (as defined and in accordance with the Early Exercise Stock Purchase Agreement).
Companys Right of Repurchase. The Company upon the majority vote of the Managers, shall have the right, but not the obligation, to repurchase any Member's Membership Interest (hereinafter "Selling Member") upon the happening of any one (1 ) of the following event(s):
(a) a Member obtains an equity interest in any other Hospital that is under common control with the Company;
(b) The owners of a majority of the Membership Interests elect to repurchase a Member's Membership Interest;
(c) The suspension, revocation, or cancellation of a Member's right to practice or conduct his, her, or its profession in the State of Texas; or,
(d) a Member, or an affiliate of a Member enters into a management agreement, or other similar arrangement, pursuant to which all, or any portion, of such Member's, or affiliate of Member's, business is managed by some other entity than that which existed when the member purchased its interest. If the Company decides to exercise its option to repurchase a Membership Interest pursuant 9.03(a) or 9.03(b), the value attributable to the Member's Membership Interest repurchased under this section 9.03 shall be calculated and paid by the Company pursuant to section 9.02(D) hereof. If the Company decides to exercise its option to repurchase a Membership Interest pursuant 9.03(c) or 9.03(d), the value attributable to the Member's Membership Interest repurchased under this section 9.03 shall be calculated at a price equal to Book Value as reflected in the Company's most recent quarterly financial report per one percent (1.00%) Membership Interest owned by the Selling Member. The Company shall give written notification of its election to repurchase said Membership Interests to the Selling Member, with the repurchase of such Membership Interest to be consummated within thirty (30) days after the date of such written notification.
Companys Right of Repurchase. At any time prior to the consummation of an Qualified Public Offering or a Change of Control, at any time within the one hundred eighty
