Common use of Exercise of Repurchase Option Clause in Contracts

Exercise of Repurchase Option. At any time within ninety (90) days after the Purchaser’s Termination Date or the Expiration Date of the Performance Period, the Company, or its assignee, shall repurchase any or all the Purchaser’s Unvested Shares by giving Purchaser written notice of exercise of the Repurchase Option, specifying the number of Unvested Shares to be repurchased. Such Unvested Shares shall be repurchased at the price of $1 in the aggregate (the “Repurchase Price”).

Appears in 3 contracts

Samples: Restricted Stock Agreement (Ipsidy Inc.), Restricted Stock Agreement (Ipsidy Inc.), Incentive Restricted Stock Agreement (Planet Payment Inc)

AutoNDA by SimpleDocs

Exercise of Repurchase Option. At any time within ninety (90) days after the Purchaser’s 's Termination Date or the Expiration Date of the Performance PeriodDate, the Company, Company or its assignee, shall assignee(s) may elect to repurchase any or all the Purchaser’s Unvested Shares purchased pursuant to the Purchase Agreement by giving Purchaser (or Purchaser's personal representative as the case may be) written notice of exercise of the Repurchase Option, specifying the number of Unvested Shares to be repurchased. Such Unvested Shares shall be repurchased at the price of $1 in the aggregate (the “Repurchase Price”).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Broadcom Corp)

AutoNDA by SimpleDocs

Exercise of Repurchase Option. At any time within ninety (90) days after the Purchaser’s later of the Termination Date or the Expiration Date of date the Performance PeriodPurchaser purchased the Shares, the Company, or its assignee, shall may elect to repurchase any or all the Purchaser’s Unvested Shares by giving Purchaser written notice of exercise of the Repurchase Option, specifying the number of Unvested Shares to be repurchased. Such Unvested Shares shall be repurchased at the price of $1 in the aggregate (the “Repurchase Price”)Option as specified below.

Appears in 1 contract

Samples: Stock Pledge Agreement (Medical Science Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!