Common use of Exercise of the Repurchase Right Clause in Contracts

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the sixty (60)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 7 contracts

Samples: Stock Option Agreement, Stock Purchase Agreement (Amyris Biotechnologies Inc), Stock Issuance Agreement (Upek Inc)

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Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the sixty ninety (60)-day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 6 contracts

Samples: Stock Issuance Agreement (Java Detour Inc.), Stock Issuance Agreement (China Architectural Engineering, Inc.), Stock Issuance Agreement (Fuqi International, Inc.)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Awarded Shares prior at any time within six (6) months after the date Participant ceases for any reason to the expiration of the sixty (60)-day exercise periodremain in Service. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share share, and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the aggregate Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 4 contracts

Samples: Agreement (NeuroSigma, Inc.), Agreement (NeuroSigma, Inc.), Agreement (NeuroSigma, Inc.)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner owner of the Unvested Shares prior to the expiration of the sixty (60)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation Company on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation Company shall pay to Ownerthe owner, in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares which are to be repurchased from Ownerthe owner.

Appears in 2 contracts

Samples: Stock Issuance Agreement (Whiteglove House Call Health Inc), Stock Issuance Agreement (Whiteglove House Call Health Inc)

Exercise of the Repurchase Right. The Repurchase Right shall be -------------------------------- exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the sixty ninety (60)-day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents equivalent (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Purchase Price previously paid for the Unvested Shares which are to be repurchased from Owner.

Appears in 2 contracts

Samples: Stock Issuance Agreement (Kana Communications Inc), Stock Issuance Agreement (Digital Island Inc)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the sixty (60)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation Company on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation Company shall pay to Owner, in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Crocs, Inc.), Stock Purchase Agreement (ZST Digital Networks, Inc.)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each the Owner of the Unvested Purchased Shares prior at any time within six (6) months after the date Optionee ceases for any reason to the expiration of the sixty (60)-day exercise periodremain in Service. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share for such shares, and the date on which the repurchase is to be effected, such date to be not more than β€˜thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the aggregate Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 2 contracts

Samples: Stock Purchase Agreement (NeuroSigma, Inc.), Stock Purchase Agreement (NeuroSigma, Inc.)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior at any time during the sixty-day period following the date Participant ceases for any reason to the expiration of the sixty (60)-day exercise periodremain in Service. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share share, and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the aggregate Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 1 contract

Samples: Stock Issuance Agreement (Active Network Inc)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the sixty ninety (60)-day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents equivalent (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 1 contract

Samples: Stock Issuance Agreement (Intrusion Inc)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each the Owner of the Unvested Shares prior to the expiration of the applicable sixty (60)-day exercise periodperiod specified in Section 3.1. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The Owner shall, prior to the close of business on the date specified for the repurchase, deliver to the Secretary of the Company the certificates representing the Unvested Shares to be repurchased shall repurchased, each certificate to be delivered to the Corporation on the closing date specified properly endorsed for the repurchasetransfer. Concurrently The Company shall, concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, Owner in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Option Price previously paid for the Unvested Shares which are to be repurchased from Ownerrepurchased.

Appears in 1 contract

Samples: Stock Purchase Agreement (Imp Inc)

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Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the sixty ninety (60)-day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid price per share and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents equivalent (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 1 contract

Samples: Stock Issuance Agreement (Ligand Pharmaceuticals Inc)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the sixty (60)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation Company on the closing date specified for the repurchase. Concurrently with the receipt of such stock share certificates, the Corporation Company shall pay to Owner, in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 1 contract

Samples: Share Option Agreement (ALPHA & OMEGA SEMICONDUCTOR LTD)

Exercise of the Repurchase Right. The Repurchase Right shall be -------------------------------- exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the sixty ninety (60)-day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation prior to the close of business on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Exercise Price previously paid for the Unvested Shares which are to be repurchased from Owner.

Appears in 1 contract

Samples: Naviant Technology (Naviant Inc)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice (the "Repurchase Notice") delivered to each Owner the Purchaser (or the respective owner of the Unvested Shares Shares) prior to the expiration of the sixty (60)-day exercise periodRepurchase Period. The notice Repurchase Notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation Company on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation Company shall pay to Ownerthe Purchaser (or the respective owner of the Shares), in cash or cash equivalents (including the cancellation of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares which are to be repurchased from Ownerrepurchased.

Appears in 1 contract

Samples: Stock Repurchase Right Agreement (American Tonerserv Corp.)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Unvested Shares prior to the expiration of the sixty ninety (60)-day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased, the Repurchase Price to be paid per share and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on the closing date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents equivalent (including the cancellation in whole or in part of any purchase-money indebtedness), an amount equal to the Repurchase Price for the Unvested Shares which are to be repurchased from Owner.

Appears in 1 contract

Samples: Stock Issuance Agreement (Borland Software Corp)

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