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 ______________.

Description of restrictions. The property is subject to the following restrictions: In the event taxpayer's ’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 a price paid by the taxpayerof $0.0001 per share: 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_and before , the number of Shares to which the Purchase Option applies shall be ______________Shares.

Description of restrictions. The property is subject to the following restrictions: In the event taxpayer's ’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 ____________after , 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 if the taxpayer is employed by the Company or an Affiliate.