Company’s Right to Repurchase. In the event of the Participant’s Termination, the Company shall have the right (the “Repurchase Right”), but not the obligation, to repurchase (or to cause one or more of its designees to repurchase) from the Participant (or his or her transferee) (X) any or all of the shares of Common Stock acquired upon the exercise of the Option and still held at the time of such repurchase by the Participant (or his or her transferee) or (Y) any vested but unexercised portion of the Option at the price determined in the manner set forth below (the “Repurchase Price”), during each period set forth below (each, a “Repurchase Period”) and to the extent set forth below:
(i) In the event of Termination for Cause, voluntary Termination without Good Reason, or the discovery that the Participant engaged in Detrimental Activity, the Company may exercise the Repurchase Right with respect to all shares previously acquired pursuant to the exercise of the Option. The Repurchase Period under this Section 8(a)(i) shall be 180 days from the date of Termination. The Repurchase Price under this Section 8(a)(i) shall be (1) with respect to each share of Class A Common Stock, the lesser of (A) the Unit Exercise Price or (B) the Fair Market Value of a share of Class A Common Stock on the date of Termination and (2) with respect to each share of Class B Common Stock, the par value thereof.
(ii) In the event of Termination for any reason other than (x) Termination for Cause or (y) voluntary Termination without Good Reason:
(A) The Company may exercise the Repurchase Right with respect to all shares acquired pursuant to the exercise of the Option on or prior to the date of Termination. The Repurchase Period under this Section 8(a)(ii)(A) shall be 180 days from the date of Termination. The Repurchase Price under this Section 8(a)(ii)(A) shall be (1) with respect to each share of Class A Common Stock, the Fair Market Value of a share of Class A Common Stock on the date of Termination and (2) with respect to each share of Class B Common Stock, the par value thereof.
(B) The Company may exercise the Repurchase Right with respect to all shares acquired pursuant to the exercise of the Option after the date of Termination. The Repurchase Period under this Section 8(a)(ii)(B) shall be 90 days from the latest date on which the Option is permitted to be exercised under this Agreement. The Repurchase Price under this Section 8(a)(ii)(B) shall be (1) with respect to each share of Class A Common Stock, t...
Company’s Right to Repurchase. The Company and its assignees shall have the right to purchase the Shares on the terms described in the Transfer Notice (subject, however, to any change in such terms permitted in Section 7.3 below) by delivery of a written notice within thirty (30) days after the date when the Transfer Notice was received by the Company; provided, however, in the event a transfer is proposed to be made without consideration (e.g., in the instance of a transfer resulting from the Owner’s will or the laws of intestate succession), the Company shall have the right to purchase the Shares at the then current fair market value of the Shares as determined in good faith by the Company’s Board of Directors.
Company’s Right to Repurchase. During the Post Service Period, the Company shall have the right, but not the obligation, to purchase from Holder all or any portion of the Award Shares which have not been forfeited pursuant to Sections 2.1 or 2.2. The purchase price shall be the product of (1) a price per Award Share (the “Repurchase Price Per Share”), multiplied by (2) the number of Vested Award Shares the Company is repurchasing. If the Company elects to exercise its right to repurchase pursuant to this Section 2.5, it shall do so by giving written notice thereof to Holder, which notice shall specify the number of Award Shares held by Holder as to which the Company is exercising its repurchase right. The repurchase by the Company and the sale by Holder of such Award Shares shall be consummated not later than thirty (30) days following the date the Company gives written notice of its exercise of such repurchase right. Payment of the purchase price by the Company shall be in cash or by the Company’s check against delivery of the Award Shares being repurchased. The Repurchase Price Per Share shall equal the fair market value of a share of Common Stock (on a fully diluted basis) as of the last day of the most recent fiscal quarter for which financial information is available, as determined by the Board of the Company. In making such determination, the Board may take into account factors that it, in good faith, deems relevant to such valuation, including the absence of a trading market, the minority status of the Award Shares, and such other facts and circumstances deemed material to the value of the Award Shares in the hands of Recipient.
Company’s Right to Repurchase. The Company shall have the right, but not the obligation, to purchase from Recipient all or any portion of the unvested Shares if, in the good faith determination of the Board, the Recipient shall have knowingly disparaged, criticized, or otherwise made any derogatory statements regarding the Company or its past, present or future directors, officers, employees or products. In the event that the Company elects to exercise its repurchase rights pursuant to this Section 6, the purchase price per unvested Share shall be equal to 50% of the Fair Market Value for such Shares. The repurchase by the Company and the sale by Recipient of such unvested Shares shall be consummated not later than thirty (30) days following the date the Company gives written notice of its exercise of such repurchase right. Payment of the purchase price by the Company shall be in cash or by the Company’s check against delivery of this Option for cancellation in respect of the unvested Shares being repurchased by the Company.
Company’s Right to Repurchase. The Shares shall be subject to the following right ("Repurchase Right"):
(a) If the Purchaser should cease to be a director of the Company for any reason, including without limitation termination of such engagement by either Purchaser or the Company for any reason or on reason, with or without cause, the Company (or, as provided in (c) below, its designee) shall have the right to repurchase from the Purchaser, or the Purchaser's personal representative as the case may be, all of the Shares subject to the Repurchase Right. The starting date for determination of the percentage of the Shares which are subject to the Repurchase Right shall be July 27, 1989 (the "Vesting Commencement Date").
(b) The percentage of the Shares which are subject to the Repurchase Right shall be determined as follows: Length of Time Purchaser Has Been a Director of Percentage of the Company Since the Shares Subject to Vesting Commencement Date Repurchase Right ------------------------- ---------------- Less than 1 complete quarter 100% 1 completed quarter 87.5% 2 completed quarters 75% 3 completed quarters 62.5% 4 completed quarters 50% 5 completed quarters 37.5% 6 completed quarters 25% 7 completed quarters 12.5% 8 or more completed quarters None
(c) Within sixty (60) days after the date Purchaser ceases to be a director of the Company, upon notice to Purchaser specifying the time, place and date for settlement, the Company (or, to the extent the Company is legally prohibited from exercising such right, its designee) shall repurchase from the Purchaser, in cash, at Purchaser's original purchase price per share as set forth in Paragraph 1 above, the Shares which are subject to the Repurchase Right. If the Company is prohibited by law from fully exercising, or the Company (or its designee) fails to fully exercise within such 60 day period, its Repurchase Right, the Repurchase Right shall expire as to all Shares.
(d) Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company to terminate Purchaser's engagement as a consultant to the Company for any reason or no reason with or without cause.
Company’s Right to Repurchase. Notwithstanding the foregoing, upon the written request of the Optionee requesting that the Company effect the registration under the Securities Act of all or part of the Optioned Shares, the Company may, in lieu of using its best efforts to effect the registration of such Optioned Shares under the Securities Act, repurchase all or any portion of the Optioned Shares to be so registered at the current market value of the Optioned Shares, which shall be determined by using the average of the daily average of the bid and asked price for a share of the Company's Capital Stock at the close of trading on the twenty (20) days immediately following the date of such request for registration, as reported by the National Association of Securities Dealers, Inc. If the Company elects to repurchase all or a portion of the Optioned Shares, the Company shall pay cash for such Optioned Shares to be repurchased within twenty (20) business days after notice to the Optionee of the Company's election to repurchase such Optioned Shares, which election shall be made within twenty (20) days after receipt by the Company of the Optionee's written request.
Company’s Right to Repurchase. The Shares shall be subject to the following right ("Repurchase Right"):
(a) If the Purchaser should cease to be employed by the Company, for any reason or no reason, with or without cause, as determined by and in the sole discretion of the Board of Directors of the Company (excluding leave(s) of absence authorized in writing by the Company, specifying the date on which Purchaser shall return to work), the Company shall have the right to repurchase from the Purchaser, or the Purchaser's personal representative as the case may be, all of the Shares subject to the Repurchase Right. For purposes of determining this Repurchase Right, the parties hereby acknowledge and agree that the Commencement Date (as used herein) with respect to the Shares shall be deemed to be _________________, 19__.
(b) The percentage of the Shares which are subject to the Repurchase Right shall be determined as follows:
Company’s Right to Repurchase. Prior to the Payment Date, the Company may at its option repurchase the Bond for cancellation, in whole but not in part, at a repurchase price equal to the aggregate principal amount of the Bond paid by the Subscriber to the repurchase date (if any). The Company shall provide no less than seven (7) Business Days’ notice of any such repurchase to the holders and Deutsche Bank AG, Hong Kong Branch. Any Bond surrendered or repurchased pursuant to this section shall be cancelled by the Deutsche Bank AG, Hong Kong Branch. Upon the receipt of such repurchase notice from the Company, the Subscriber shall take any actions necessary to effectuate such repurchase and surrender upon the request of the Company. The Subscriber shall indemnify, defend and hold harmless the Company from and against any and all any and all damages, losses, liabilities, penalties, judgments, settlements, payments, fines, interest, costs incurred in connection with or arising out of the Subscriber’s breach of its obligations under this Agreement and the Bond.
Company’s Right to Repurchase. The Shares shall be subject to the ----------------------------- following right ("Repurchase Right"):
(a) If the Purchaser should cease to be a director of the Company, for any reason, the Company (or, as provided in (c) below, its designee) shall have the right to repurchase from the Purchaser, or the Purchaser's personal representative, as the case may be, all of the Shares subject to the Repurchase Right. The starting date for determination of the percentage of the Shares which are subject to the Repurchase Right shall be the date of this Agreement (the "Vesting Commencement Date").
(b) The percentage of the Shares which are subject to the Repurchase Right shall be determined as follows:
Company’s Right to Repurchase. In the event of the Participant’s Termination for any reason, the Company shall have the right (the “Repurchase Right”), but not the obligation, to repurchase (or to cause one or more of its designees to repurchase) from the Participant (or her transferee) (1) any or all of the shares of Common Stock acquired upon the exercise of the Option and still held at the time of such repurchase by the Participant (or her transferee) or (2) any vested but unexercised portion of the Option, at the price determined in the manner set forth below (the “Repurchase Price”), during each period set forth below (each, a “Repurchase Period”) and to the extent set forth below:
