Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee within sixty (60) days after (a) termination of the Optionee's Service (or exercise of the Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Optionee otherwise agree.
Exercise of Unvested Share Repurchase Option. If the Founder's employment with the Company is terminated for any reason, with or without cause, voluntarily or involuntarily, including termination due to death or disability (as defined below), or if the Founder or the Founder's legal representative attempts to dispose of any Unvested Shares other than as allowed in this Agreement, the Company may exercise the Unvested Share Repurchase Option by written notice to the Escrow Agent (as defined in Section 8) and to the Founder or the Founder's legal representative within 60 days after such termination or after the Company has received notice of the attempted disposition.
Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to Founder or the Founder’s legal representative within sixty (60) days after such termination.
Exercise of Unvested Share Repurchase Option. The Corporation may exercise the Unvested Share Repurchase Option by written notice to University within ninety (90) days after the Corporation's termination of the License Agreement pursuant to Section 8.2 thereof.
Exercise of Unvested Share Repurchase Option. If the Founder’s service with the Company is terminated for any reason, or if the Founder or the Founder’s legal representative attempts to dispose of any Unvested Shares other than as allowed in this Agreement, the Founders Group and the Company, collectively, may exercise the Unvested Share Repurchase Option by written notice to the Escrow Agent (as defined in Section 7) and to the Founder or the Founder’s legal representative within forty five (45) calendar days after such termination or after the Founders Group and the Company have received notice of the attempted disposition of any of the Unvested Shares other than as allowed in this Agreement. Initially, the Founders Group (pro rata among themselves) and the Company shall each have the right to acquire fifty percent (50%) of the Unvested Shares. If the Company does not desire to purchase its fifty percent (50%) of the Unvested Shares, all of such Unvested Shares shall be offered to the Founders Group (to be purchased pro rata among themselves). If, collectively, Company and the Founders Group do not acquire all of the Unvested Shares, then they shall acquire none of the Unvested Shares. Unvested Shares not acquired hereunder shall be forfeited by the Founder and shall revert to the Company as authorized but unissued shares. Unvested Shares acquired pursuant to this Section 2 shall immediately become Vested Shares in the hands of members of the Founders Group.
Exercise of Unvested Share Repurchase Option. If the Purchaser's -------------------------------------------- employment with the Company is terminated for any reason (other than death or disability), with or without cause, or if the Purchaser or the Purchaser's legal representative attempts to dispose of any Unvested Shares other than as allowed in this Agreement, the Company may exercise the Unvested Share Repurchase Option by written notice to the Escrow Agent (as defined in Section 10) and to the Purchaser or the Purchaser's legal representative within sixty (60) days after such termination or after the Company has received notice of the attempted disposition.
Exercise of Unvested Share Repurchase Option. If the Transaction has not occurred by the Target Date, or if the Purchaser or the Purchaser’s legal representative attempts to dispose of any Unreleased Shares other than as allowed in this Agreement, the Company may exercise the Repurchase Option by written notice to the Escrow Agent (as defined in Section 7) and to the Purchaser or the Purchaser’s legal representative within 30 days after the Target Date or within 90 days after the Company has received notice of the attempted disposition.
Exercise of Unvested Share Repurchase Option. The Unvested Share Repurchase Option shall be exercised by written notice signed by such person designated by the Company and delivered or mailed as provided herein. Such notice shall identify the number of shares of Common Stock to be purchased and shall notify you of the time, place and date for settlement of such purchase, which shall be scheduled by the Company within the term of the Unvested Share Repurchase Option set forth above. The Company shall be entitled to pay for any shares of Common Stock purchased pursuant to its Unvested Share Repurchase Option at the Company's option in cash or by offset against any indebtedness owing to the Company by you (including, without limitation, any promissory note given in payment for Common Stock), or by a combination of both. Upon delivery of such notice and payment of the purchase price in any of the ways described above, the Company shall become the legal and beneficial owner of the Common Stock being repurchased and all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own name the Common Stock being repurchased by the Company, without further action by you.
Exercise of Unvested Share Repurchase Option. Except as provided -------------------------------------------- in paragraph 5 above, if the employment of the Optionee is terminated for any reason or if the Optionee or the Optionee's legal representative attempts to dispose of any Unvested Shares other than as allowed in this Plan, the Company may exercise the Unvested Share Repurchase Option by written notice to the escrow agent and to the Optionee or the Optionee's legal representative within ninety (90) days after such termination (or exercise of the Option, if later) or after the Company has received notice of the attempted disposition.
Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Participant within sixty (60) days after (a) termination of the Participant’s Service or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Participant have extended the time for the exercise of the Unvested Share Repurchase Option. Notwithstanding the preceding sentence, the period during which the Company may exercise the Unvested Share Repurchase Option shall terminate no sooner than the completion of a period of eight (8) months following the date on which the Participant acquired the Unvested Shares upon exercise of the Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Participant otherwise agree.
