Death of Disability. Upon the death or Disability of Executive, Executive (or his estate or legal representative, as applicable) shall have the right to cause Parent Corporation to repurchase the common stock received upon the current or prior exercise of Executive’s options at a repurchase price equal to the then-current fair market value, subject to the deferred payment mechanism set forth in the Subscription Agreement.
Appears in 3 contracts
Samples: Executive Employment Agreement (Comdata Network, Inc. Of California), Executive Employment Agreement (Comdata Network, Inc. Of California), Executive Employment Agreement (Comdata Network, Inc. Of California)
Death of Disability. Upon the death or Disability of Executive, Executive (or his her estate or legal representative, as applicable) shall have the right to cause Parent Corporation to repurchase the common stock received upon the current or prior exercise of Executive’s options at a repurchase price equal to the then-current fair market value, subject to the deferred payment mechanism set forth in the Subscription Agreement.
Appears in 1 contract
Samples: Executive Employment Agreement (Comdata Network, Inc. Of California)
