Common use of Exercise of Unvested Share Repurchase Option Clause in Contracts

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.

Appears in 2 contracts

Samples: Founder Stock Purchase Agreement (Power Integrations Inc), Founder Stock Purchase Agreement (Power Integrations Inc)

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Exercise of Unvested Share Repurchase Option. If Except as -------------------------------------------- provided in Section 2(e) below, if the Purchaser's -------------------------------------------- consultancy or employment with (collectively referred to herein as "employment") of the Company Purchaser is terminated for any reason (other than death or disability), with or without causeterminated, 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 Corporation may exercise the Unvested Share Repurchase Option by written notice to the Escrow Agent (as defined in Section 109 below) and to the Purchaser or the Purchaser's legal representative within sixty (60) days after such termination or after the Company Corporation has received notice of the attempted disposition.

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Neopoint Inc)

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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.

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Power Integrations Inc)

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