Common use of Description of restrictions Clause in Contracts

Description of restrictions. The property is subject to the following restrictions: In the event taxpayer’s employment with the Company or an Affiliate is terminated, the Company may repurchase all or any portion of the Shares determined as set forth below at the acquisition price paid by the taxpayer: A. If the termination takes place on or prior to , the Purchase Option will apply to all of the Shares. B. If the termination takes place after , 200 , the number of Shares to which the Purchase Option applies shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 if the taxpayer is employed by the Company or an Affiliate.

Description of restrictions. The property is subject to the following restrictions: In the event If taxpayer’s employment with the Company or an Affiliate is terminated, the Company may repurchase all or any portion of the Shares determined as set forth below at the acquisition price paid by the taxpayer: A. If the termination takes place on or prior to , the Purchase Option will apply to all of the Shares. B. If the termination takes place after , 200 , the number of Shares to which the Purchase Option applies shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 if the taxpayer is employed by the Company or an Affiliate.

Description of restrictions. The property is subject to the following restrictions: In the event If taxpayer’s employment with the Company or an Affiliate is terminated, the Company may repurchase all or any portion of the Shares determined as set forth below at the acquisition price paid by the taxpayer: A. If the termination takes place on or prior to , the Purchase Option will apply to all of the Shares. B. If the termination takes place after , 200 200_, the number of Shares to which the Purchase Option applies shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 200_ if the taxpayer is employed by the Company or an Affiliate.

Description of restrictions. The property is subject to the following restrictions: In the event taxpayerthe Taxpayer’s employment with the Company or an Affiliate is terminated, the Company may repurchase all or any portion of the Shares determined as set forth below at the acquisition price paid by the taxpayerTaxpayer: A. If the termination takes place on or prior to , 200 , the Purchase Option Company’s purchase option will apply to all of the Shares. B. If the termination takes place after , 200 , the number of Shares to which the Purchase Option Company’s purchase option applies shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 the Grant Date if the taxpayer Taxpayer is employed by the Company or an Affiliate.

Description of restrictions. The property is subject to the following restrictions: In the event taxpayer’s employment with the Company or an Affiliate is terminated, the Company may repurchase all or any portion of the Shares determined as set forth below at the acquisition price paid by the taxpayer: A. If the termination takes place on or prior to , the Purchase Option will apply to all of the Shares. B. If the termination takes place after , 200 20 , the number of Shares to which the Purchase Option applies shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 20 if the taxpayer is employed by the Company or an Affiliate.

Description of restrictions. The property is subject to the following restrictions: In the event taxpayer’s the Taxpayer's employment with the Company or an Affiliate is terminated, the Company may repurchase all or any portion of the Shares determined as set forth below at the acquisition price paid by the taxpayerTaxpayer: A. If the termination takes place on or prior to , 200 , the Purchase Option Company's purchase option will apply to all of the Shares. B. If the termination takes place after , 200 , the number of Shares to which the Purchase Option Company's purchase option applies shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 the Grant Date if the taxpayer Taxpayer is employed by the Company or an Affiliate.

Description of restrictions. The property is subject to the following restrictions: In the event taxpayer’s employment with the Company or an Affiliate is terminated, the Company may repurchase all or any portion of the Shares determined as set forth below at the acquisition price paid by the taxpayer: A. If the termination takes place on or prior to , the Purchase Option will apply to all of the Shares. B. If the termination takes place after , 200 200_, the number of Shares to which the Purchase Option applies shall be ( ) Shares less ( ) Shares for each full twelve (12) month period elapsed after , 200 200___ if the taxpayer is employed by the Company or an Affiliate.