Common use of Executive’s Put Right Upon Certain Terminations of Employment Clause in Contracts

Executive’s Put Right Upon Certain Terminations of Employment. In the event Executive’s employment with the Company is terminated due to Executive’s death or Disability, Executive (or his or her heirs, personal representatives or estate) will have the option to require the Company to repurchase any or all of the remaining equity interests held by Executive at the time of the applicable termination of employment that are vested or become vested in connection with such termination pursuant to this Agreement, by Executive notifying the Company of his election to exercise his put option in writing. Notwithstanding any provision of this Agreement to the contrary, the Executive’s put right shall not apply in connection with any termination or cessation of employment with the Company other than due to Executive’s death or Disability.