Company’s Right to Repurchase Shares. (a) The Company shall have the right (the “Repurchase Right”) to repurchase all, but not less than all, of the Shares purchased by the Grantee pursuant to the Stock Option, upon written notice to the Grantee within ninety (90) days after the termination of the Grantee’s employment or service with the Company and its Subsidiaries, voluntarily or involuntarily, for any reason whatsoever other than by the Company for Cause, including as a result of death or Disability. The Repurchase Right shall be exercised by the Company by giving the holder of the Shares written notice of its intention to exercise the Repurchase Right, and, together with such notice, tendering to the holder an amount equal to the Fair Market Value of the Shares. Upon timely exercise of the Repurchase Right in the manner provided in this Section 9(a), the holder of the Shares shall deliver to the Company any stock certificate or certificates representing the Shares being repurchased, duly endorsed and free and clear of any and all liens, charges and encumbrances. If Shares are not repurchased under the Repurchase Right, the Grantee and his successor in interest, if any, will continue to hold the Shares subject to all of the provisions of this Agreement and the Plan.
Company’s Right to Repurchase Shares. Shares acquired through an Award shall be subject to such forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board may determine. Such restrictions shall be set forth in the applicable Award Agreement and, unless otherwise provided in the Award Agreement, shall apply to any dividends paid with respect to such Shares. Such restrictions shall apply in addition to any restrictions otherwise applicable to holders of Shares generally.
Company’s Right to Repurchase Shares. In the event that Executive’s employment is terminated, whether by the Company, for Cause, or by Executive’s voluntary departure, the Company shall have the right to repurchase all vested Common Stock owned by Executive at fair market value, as defined below. Notwithstanding the above, in the event that Executive is terminated without Cause, the Executive shall be entitled to retain his vested stock. The Company shall have the right to repurchase his unvested stock at fair market value, as defined below. Fair market value, for the purposes of this Section 6, shall be determined by a qualified business valuation or appraisal expert chosen jointly by the Executive and the Company’s Board of Directors.
Company’s Right to Repurchase Shares. Upon Termination of Business Relationship, the Company shall have the option to repurchase all (but not less than all) of the shares of stock which have been purchased by the Optionee pursuant to exercise of the Option and which the Optionee then holds. The repurchase price payable by the Company if it exercises its repurchase option shall be the fair market value of the shares of stock on the date of repurchase, determined in accordance with Section 1.18 of the Plan, except that if at the date of such repurchase, the Company's common stock is not publicly traded, the fair market value of the shares of stock shall be determined for purposes of this Section 5.9 on the basis of the following formula: eight (8) times the Company's pre-tax earnings for the Company's most recently audited fiscal year divided by the number of outstanding shares of the Company's common stock (including shares issuable upon the conversion of outstanding shares of preferred stock) on the date of repurchase. The Company's repurchase option shall be exercisable by giving written notice to the Optionee within thirty (30) calendar days after the Termination of Business Relationship provided, however, that in the event that the Optionee exercises the Option after the Optionee's Termination of Business Relationship but prior to the expiration of the Option pursuant to the provisions of Section 3.3, the Company's repurchase option shall be exercisable by giving written notice within thirty (30) calendar days after the exercise of the Option by the Optionee. In the event that the Company exercises its option to repurchase shares of stock from the Optionee pursuant to this Section 5.9, the Optionee shall sign a general release acknowledging that the Optionee has no further right, claim or title to such shares. Upon receipt of such general release and the stock certificates representing the shares, the Company shall forward payment for such shares.
Company’s Right to Repurchase Shares. (a) If an Optionee ceases to serve as an Employee for any reason, including death, Disability or Termination for Cause, and thereby terminates his Continuous Status As An Employee, the Company shall have the right to repurchase all of the Shares purchased by Optionee hereunder, at a price to be determined as set forth below. Such right on the part of the Company shall commence upon the last day of such Optionee's Continuous Status As An Employee (the "Termination Date") and shall expire on the 90th day after the Termination Date.
Company’s Right to Repurchase Shares. (a) If an Optionee ceases to serve as an Employee for any reason, the Company shall have the right to repurchase any or all of the Shares purchased by Optionee hereunder, at a price to be determined as set forth below. Such right on the part of the Company shall commence upon the last day of such Optionee's Continuous Status as an Employee (the "Termination Date") and shall expire on the 90th calendar day after the Termination Date (or in the case of Common Stock issued upon exercise of Options EXHIBIT 10.122 (CONTINUED) after the Termination Date, within 90 calendar days after the date of exercise).
Company’s Right to Repurchase Shares. The Company shall have the right to repurchase Shares that have been acquired through an award or sale of Shares or exercise of an Option upon termination of the Purchaser’s or Optionee’s Service if provided in the applicable Restricted Share Agreement or Stock Option Agreement. Subject to the following restrictions, the Board in its sole discretion shall determine when the right to repurchase shall lapse as to all or any portion of the Shares, and may, in its discretion, provide for accelerated vesting in the event of a Change in Control or other events; provided, however, that the right to repurchase shall lapse as to all of the Shares issued to an Outside Director for service as an Outside Director in the event of a Change in Control. The following restrictions shall apply in the case of a Purchaser or Optionee who is not a Consultant or an officer or director of the Company, a Parent or Subsidiary:
Company’s Right to Repurchase Shares. Purchased Pursuant to Options Granted Herein and Restrictions on Resale. Prior to an initial public offering of the Company's Common Stock: (a) the Company shall have a continuing right to repurchase at any time all or any portion of the shares of Common Stock purchased
Company’s Right to Repurchase Shares. The Shares shall be subject to the right of redemption set forth in Article VII of the Company's Amended and Restated Articles of Incorporation if Grantee or an "Affiliate" of Grantee becomes an "Unsuitable Person" (as such terms are defined in Article VII of the Company's Amended and Restated Articles of Incorporation); provided, however, that the redemption price for all unvested Shares shall be $1.00 if the "Gaming Authority" (as defined in Article VII of the Company's Amended and Restated Articles of Incorporation) does not require that another price be paid.
Company’s Right to Repurchase Shares. (a) Upon Termination of Employment, the Company shall have the option to repurchase (the "Right of Repurchase") all or a portion of the shares of stock which have been purchased by the Optionee pursuant to exercise of the Option and which the Optionee then holds; provided however, upon the effective date of a Sale at any time, all of the Company's Right of Repurchase with respect to shares of stock purchased upon exercise of the Option shall expire automatically if, and only if, the Optionee's employment with the Company is terminated as of the effective date of the Sale. The repurchase price payable by the Company if it exercises its Right of Repurchase shall be $_____.
