Common use of Corporation’s Right to Repurchase Award Shares following Termination of Service Clause in Contracts

Corporation’s Right to Repurchase Award Shares following Termination of Service. (a) If there is a Termination of Service with respect to the Participant for any reason at anytime (including, without limitation, the Participant’s death or Disability), then the Corporation shall have the right, but not the obligation, to repurchase any Award Shares at a purchase price per share determined as set forth in Section 6(b) below.