Exercise of Right of Repurchase. The Company may exercise its right of repurchase by providing written notice to the Participant stating the number of Shares of Restricted Stock to be repurchased, the aggregate price to be paid (the “Repurchase Price”) and the date (the “Repurchase Date”) such repurchase shall occur (which shall be a date not fewer than ten (10) and not more than thirty (30) days from the date of such notice). On the Repurchase Date, the Company shall deliver the Repurchase Price to the Participant, by check or wire of immediately available funds, against delivery of the certificate or certificates representing the Shares to be repurchased and duly endorsed stock powers.
Exercise of Right of Repurchase. The Right of Repurchase shall be exercised by the Company, which exercise must be authorized by the affirmative vote of at least a majority of the members of the Company’s Board of Directors entitled to vote thereon (other than the Founder if the Founder is then a member of the Board of Directors), by delivering to the Founder or his or her executor (and, if applicable, to any Permitted Transferee thereof holding shares of Unvested Restricted Stock) written notice (the “Repurchase Notice”) specifying the number of shares of Unvested Restricted Stock to be purchased and the Repurchase Price applicable thereto, and payment of the aggregate Repurchase Price prior to the expiration of the 45-day period specified in subsection (b) above. At the Company’s option, payment of the aggregate Repurchase Price may be made (i) by delivery to the Founder or his or her executor (and, if applicable, to any such Permitted Transferee), with the Repurchase Notice, of a check payable to the order of the Founder or his or her executor (and, if applicable, to any such Permitted Transferee) in the amount of the Repurchase Price for the number of shares of Unvested Restricted Stock being purchased, or (ii) in the event the Founder is indebted to the Company, by cancellation by the Company of an amount of such indebtedness equal to the Repurchase Price for the number of shares of Unvested Restricted Stock being purchased, or (iii) by a combination of (i) and (ii) so that the combined payment and cancellation of indebtedness equals such aggregate Repurchase Price. Upon delivery of the Repurchase Notice and payment of the aggregate Repurchase Price in any of the ways described above, the Company shall become the legal and beneficial owner of the shares of Unvested Restricted Stock being purchased and all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own name the number of shares of Unvested Restricted Stock being purchased by the Company, without further action by the Founder. If and to the extent the Right of Repurchase is not so exercised by delivering the Repurchase Notice and payment of the aggregate Repurchase Price within the 45-day period specified in subsection (b) above, the Right of Repurchase shall automatically expire and terminate effective upon the expiration of such 45-day period and the terminated Founder (and any such Permitted Transferee) shall continue to hold such shares of Restricted Stock pursuant to all...
Exercise of Right of Repurchase. The Company shall exercise the Right of Repurchase by written notice delivered to the Optionee prior to the expiration of the 90-day period specified in Section 7.2 above. The notice shall set forth the date on which the repurchase is to be effected, which must occur within 31 days of the notice. The certificate(s) representing the Stock to be repurchased shall, prior to the close of business on the date specified for the repurchase, be delivered to the Company properly endorsed for transfer. The Company shall, concurrently with the receipt of such certificate(s), pay to the Optionee the Purchase Price determined according to this Section 7. Payment shall be made in cash or cash equivalents or by canceling indebtedness to the Company incurred by the Optionee in the purchase of the Stock. Optionee shall have no further rights as a holder of such Stock. The Right of Repurchase shall terminate with respect to any Stock for which it has not been timely exercised pursuant to this Section 7.4.
Exercise of Right of Repurchase. At any time within the period ------------------------------- from the date of the termination of Optionee's Continuous Status as an Employee and up to and through the second business day following three (3) months after such termination (unless Paragraph 6.A of the Stock Option Agreement applies, in which case the period shall commence on the date of termination and end on the second business day following six (6) months after such termination; or unless Paragraph 6.B of the Stock Option Agreement applies, in which case the period shall commence on the date of termination and end on the second business day following twelve (12) months after such termination), the Company and/or its assignee(s) may, by sending written notice to the Owner (the "Company Notice"), -------------- elect to purchase all, but not less than all, of the Shares then owned by the Owner, at the Repurchase Price determined in accordance with subsection (b) below.
Exercise of Right of Repurchase. The Right of Repurchase shall be ------------------------------- exercisable only by written notice delivered to you prior to the expiration of the 30-day period next following the date of termination of your employment. The notice shall set forth the date on which the repurchase is to be effected. Such date shall not be more than 30 days after the date of the notice. The certificate(s) representing the Restricted Shares to be repurchased shall, prior to the close of business on the date specified for the repurchase, be delivered to AvantGo properly endorsed for transfer. AvantGo shall, concurrently with the receipt of such certificate(s), pay to you the purchase price determined according to subsection (c) above. Payment shall be made in cash or cash equivalents. The Right of Repurchase shall terminate with respect to any Restricted Shares for which it has not been timely exercised pursuant to this subsection (d).
Exercise of Right of Repurchase. At any time within the ninety (90) days following written notice to the Management Investor of such Management Investor’s material breach of any of any Post-Termination Covenant in an Employment Agreement, the Company and/or its designee(s) may, by giving written notice to such Management Investor (the “Repurchase Notice”), elect to purchase all of the Management Investor’s Class A Common Units, at a purchase price (the “Purchase Price”) equal to the Fair Market Value of the Unit(s) as of the date of the termination of such Management Investor’s employment, as determined in good faith by the Board.
Exercise of Right of Repurchase. At any time within one hundred fifty (150) days after the Committee discovers the breach of Section 6 hereof by Optionee, the Company shall have the right to exercise the Right of Repurchase, at a purchase price equal to the product of (i) the per share price paid by Optionee and (ii) the number of Shares being repurchased by the Company, plus simple interest on such aggregate amount at the rate of 6% per annum from the date of payment by Optionee to the date of tender of payment by the Company. The Right of Repurchase may be exercised by notifying the Holder of the Company's election to exercise its right within the designated exercise period
Exercise of Right of Repurchase. The Purchasers shall exercise such repurchase right by delivering a written election to the Company (the "Repurchase Notice"), delivered to the Company by the Purchasers on a date (the "Repurchase Notice Date") that is at least twenty (20) Business Days prior to the requested date of repurchase (the "Repurchase Date"), stating the number of Shares to be repurchased.
Exercise of Right of Repurchase. The Company may exercise its Right of Repurchase for some or all of the Restricted Shares during the Repurchase Period. If the Company exercises its Right of Repurchase during the Repurchase Period, the Company shall pay to the holder of the Restricted Shares the purchase price determined under Subsection (a) above for the Restricted Shares being repurchased. Payment shall be made in cash or cash equivalents and/or by canceling indebtedness to the Company incurred by the Purchaser in the purchase of the Restricted Shares. The certificate(s) representing the Restricted Shares being repurchased shall be delivered to the Company properly endorsed for transfer.
Exercise of Right of Repurchase. The Company may exercise its right of repurchase of such Shares of Restricted Equity Consideration held by the Principal Stockholders by providing written notice to the Principal Stockholder stating the number of Shares to be repurchased, at a purchase price of $.01 per share (the “Repurchase Price”) and the date (the “Repurchase Date”) such repurchase shall occur (which shall be a date not fewer than ten (10) and not more than thirty (30) days from the date of such notice). On the Repurchase Date, the Company shall deliver the Repurchase Price to the Principal Stockholder, by check or wire of immediately available funds, against delivery of the certificate or certificates representing the Shares to be repurchased and duly endorsed stock powers.
