Common use of Exercise of Repurchase Options Clause in Contracts

Exercise of Repurchase Options. (a) If a Repurchase Event, as defined above, occurs, the Company shall have an irrevocable option, for a period of ninety (90) days after said Repurchase Event (or such longer period as may be agreed to by the Company and the Stockholder) to repurchase from Stockholder (or Stockholder's personal representative, as the case may be) at $0.001 per share (“Option Price”), up to but not exceeding the number of shares of Repurchasable Stock subject to that Repurchase Option as of the date of such Repurchase Event. Stockholder hereby acknowledges that the Company has no obligation, either now or in the future, to repurchase any of the shares of Stock, whether vested or unvested, at any time.

Exercise of Repurchase Options. (a) If a Repurchase Event, as defined above, occurs, the Company shall have an irrevocable option, for a period of ninety (90) days after said Repurchase Event (or such longer period as may be agreed to by the Company and the Stockholder) to repurchase from Stockholder (or Stockholder's ’s personal representative, as the case may be) at $0.001 per share (“Option Price”), up to but not exceeding the number of shares of Repurchasable Stock subject to that Repurchase Option as of the date of such Repurchase Event. Stockholder hereby acknowledges that the Company has no obligation, either now or in the future, to repurchase any of the shares of Stock, whether vested or unvested, at any time.