Exception in the Case of Stock Repurchase Right. If an Award Agreement authorizes, upon the Grantee’s termination of Service, the repurchase of shares of Stock acquired by the Grantee pursuant to the exercise of an Option or under a Grant of Restricted Stock, to the extent required by applicable law, payment shall be made in cash or by cancellation of indebtedness within the later of 90 days from the date of termination of Service or 90 days from the date of exercise or purchase, as the case may be.
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Samples: 2008 Stock Incentive Plan (First Western Financial Inc), 2004 Stock Incentive Plan (MAKO Surgical Corp.), 2004 Stock Incentive Plan (MAKO Surgical Corp.)
Exception in the Case of Stock Repurchase Right. If an Award Agreement authorizes, upon the GranteeOptionee’s termination of Service, the repurchase of shares of Stock acquired by the Grantee Optionee pursuant to the exercise of an Option or under a Grant of Restricted Stock, to the extent required by applicable law, payment shall be made in cash or by cancellation of indebtedness within the later of 90 days from the date of termination of Service or 90 days from the date of exercise or purchase, as the case may be.
Appears in 2 contracts
Samples: 2002 Stock Incentive Plan (Globeimmune Inc), 2002 Stock Incentive Plan (Globeimmune Inc)
Exception in the Case of Stock Repurchase Right. If an Award Agreement authorizes, upon the Grantee’s termination of Service, the repurchase of shares of Stock acquired by the Grantee pursuant to the exercise of an Option or under a Grant of Restricted Stock, to the extent required by applicable law, payment shall be made in cash or by cancellation of indebtedness within the later of 90 days from the date of termination of Service or 90 days from the date of exercise or purchase, as the case may be.
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