Following Termination of Service. If your Service with the Company and its Affiliates terminates due to death, Disability or Retirement, you (or your representative or Participant Permitted Transferees) can require the Company to purchase any or all of your Matured Units that were acquired in connection with the vesting of Restricted Equity Units by delivery of a put notice during any Window Period occurring immediately following any of the three Valuation Dates coincident with or next following the date of your separation from Service. If your Service with the Company and its Affiliates terminates for any other reason than one specified in the immediately preceding sentence, you (or your representative or Permitted Transferees) can require the Company to purchase any or all of your Matured Units that were acquired in connection with the vesting of Restricted Equity Units by delivery of a put notice during the Window Period occurring immediately following the Valuation Dates coincident with or next following the date of your separation from Service or, to the extent that the Units held by such person at such time are not Matured Units, in the next Window Period in which the Units are Matured Units. If your Service is terminated by the Company or any of its Affiliates for Cause, then the put price shall be an amount equal to the lower of (i) your cost and (ii) the Fair Market Value determined as of the applicable Valuation Date. For this purpose, cost with respect to Units issued upon settlement of Restricted Equity Units will mean the value included in your income at the time the corresponding Units were distributed to you. In all other cases, the put right shall be at the Fair Market Value determined at the applicable Valuation Date. 7. Call
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Samples: Director and Advisor Services Agreement (Krispy Kreme, Inc.), Matching Award Agreement Terms and Conditions (Krispy Kreme, Inc.), Matching Award Agreement Terms and Conditions (Krispy Kreme, Inc.)
Following Termination of Service. If your a Participant’s Service with the Company and its Affiliates terminates due to death, Disability Disability, or Retirement, you (the Participant can, unless otherwise provided in a Unit Purchase Agreement or your representative or Participant Permitted Transferees) can Matching Award Agreement and except in respect of Rollover Units held by an Excluded Participant, require the Company to purchase any or all of your his Matured Units that were acquired in connection with the vesting (regardless of Restricted Equity whether Purchased Units or related to a Matching Award) by delivery of a put notice during any Window Period occurring immediately following any of the three Valuation Dates coincident with or next following the date of your the Participant’s separation from Service. If your a Participant’s Service with the Company and its Affiliates terminates for any other reason than one specified in the immediately preceding sentence, you (the Participant can, unless otherwise provided in a Unit Purchase Agreement or your representative or Permitted Transferees) can Matching Award Agreement, require the Company to purchase any or all of your his or her Matured Units that were acquired in connection with the vesting (regardless of Restricted Equity whether Purchased Units or related to a Matching Award) by delivery of a put notice during the Window Period occurring immediately following the Valuation Dates Date coincident with or next following the date of your the Participant’s separation from Service or, to the extent that the any Units held by such person at such time are not Matured Units, in the next first Window Period in which the Units are Matured Units. If your the Participant’s Service with the Company and its Affiliates is terminated by the Company or any of its Affiliates for Cause, then the put price shall be an amount equal to the lower of (i) your the Participant’s cost and (ii) the Fair Market Value determined as of the applicable Valuation Date. For this purpose, (x) cost with respect to Units issued upon settlement of Restricted Equity Units will mean the value included in your the Participant’s income at the time the corresponding Units were distributed or issued to youthe Participant and (y) cost with respect to a Rollover Unit shall be the “Closing Date Value” set forth in the Unit Purchase Agreement applicable to such Rollover Unit. In all other cases, the put right shall be at the Fair Market Value determined at the applicable Valuation Date. 7. Call(c) Put rights in respect of Rollover Units held by an Excluded Participant shall be as set
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Samples: Director and Advisor Services Agreement (Krispy Kreme, Inc.)
Following Termination of Service. If your Service with the Company and its Affiliates terminates due to death, Disability Disability, Retirement or Retirementa Specified Termination, you (or your representative or Participant Permitted Transferees) can require the Company to purchase any or all of your Matured Units Shares that were acquired in connection with the vesting of Restricted Equity Stock Units by delivery of a put notice during any Window Period occurring immediately following any of the three Valuation Dates coincident with or next following the date of your separation from Service. If your Service with the Company and its Affiliates terminates for any other reason than one specified in the immediately preceding sentence, you (or your representative or Permitted Transferees) can require the Company to purchase any or all of your Matured Units Shares that were acquired in connection with the vesting upon settlement of any Restricted Equity Stock Units by delivery of a put notice during the Window Period occurring immediately following the Valuation Dates coincident with or next following the date of your separation from Service or, to the extent that the Units Shares held by such person at such time are not Matured UnitsShares, in the next Window Period in which the Units Shares are Matured UnitsShares. If your Service is terminated by the Company or any of its Affiliates for Cause, then the put price shall be an amount equal to the lower of (i) your cost and (ii) ii the Fair Market Value determined as of the applicable Valuation Date. For this purpose, cost with respect to Units Shares issued upon settlement of Restricted Equity Stock Units will mean the value included in your income at the time the corresponding Units Shares were distributed to you. In all other cases, the put right shall be at the Fair Market Value determined at the applicable Valuation Date. 7. Call.
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Following Termination of Service. If your Service with the Company and its Affiliates terminates due to death, Disability Disability, Retirement or Retirementa Specified Termination, you (or your representative or Participant Permitted Transferees) can require the Company to purchase any or all of your Matured Units Shares that were acquired in connection with the vesting of Restricted Equity Stock Units by delivery of a put notice during any Window Period occurring immediately following any of the three Valuation Dates coincident with or next following the date of your separation from Service. If your Service with the Company and its Affiliates terminates for any other reason than one specified in the immediately preceding sentence, you (or your representative or Permitted Transferees) can require the Company to purchase any or all of your Matured Units Shares that were acquired in connection with the vesting upon settlement of any Restricted Equity Stock Units by delivery of a put notice during the Window Period occurring immediately following the Valuation Dates coincident with or next following the date of your separation from Service or, to the extent that the Units Shares held by such person at such time are not Matured UnitsShares, in the next Window Period in which the Units Shares are Matured UnitsShares. If your Service is terminated by the Company or any of its Affiliates for Cause, then the put price shall be an amount equal to the lower of (i) your cost and (ii11) the Fair Market Value determined as of the applicable Valuation Date. For this purpose, cost with respect to Units Shares issued upon settlement of Restricted Equity Stock Units will mean the value included in your income at the time the corresponding Units Shares were distributed to you. In all other cases, the put right shall be at the Fair Market Value determined at the applicable Valuation Date. 7. Call.
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