Forfeiture, Right to Repurchase Sample Clauses

Forfeiture, Right to Repurchase. The Management Investor acknowledges that if (x) the Management Investor breaches any term or condition contained in Section 5 or 6 of this Agreement and (y) the Company provides the Management Investor with written notice of such breach: (i) if such notice is given prior to the effective date of an IPO, (A) all of the Restricted Shares shall be automatically forfeited, and be deemed to have been repurchased by the Company at a purchase price of zero dollars, upon the giving of such notice as such breach of Section 5 or 6, together with the giving of such notice, shall be deemed a Call Purchase Event (as of the date of such notice) due to a termination for Cause; and (ii) if such notice is given after the effective date of an IPO, all of the Restricted Shares that have not vested prior to the date of such notice shall be automatically forfeited, and be deemed to have been repurchased by the Company at a purchase price of zero dollars, upon the giving of such notice.

Forfeiture, Right to Repurchase. The Management Investor acknowledges that if (x) the Management Investor breaches any term or condition contained in Section 6 or 7 of this Agreement and (y) the Company provides the Management Investor with written notice of such breach: (i) if such notice is given prior to the effective date of an IPO, (A) all of the Restricted Shares shall be automatically forfeited, and be deemed to have been repurchased by the Company at a purchase price of zero dollars, upon the giving of such notice and (B) the Company, in accordance with Section 5, shall have the right to repurchase all the Purchased Shares, as such breach of Section 6 or 7, together with the giving of such notice, shall be deemed a Call Purchase Event (as of the date of such notice) due to a termination for Cause; (ii) if such notice is given after the effective date of an IPO, all of the Restricted Shares that have not vested prior to the date of such notice shall be automatically forfeited, and be deemed to have been repurchased by the Company at a purchase price of zero dollars, upon the giving of such notice; and (iii) following the delivery of such notice, whether given prior to or after the effective date of an IPO, the Company shall not be required to pay any amount pursuant to Section 1(e), and the Company shall have the right to require the Management Investor (and any heir, representative, successor or assign of the Management Investor) to repay any amount paid by the Company pursuant to Section 1(e) prior to the date of such notice).

Forfeiture, Right to Repurchase. The Management Investor acknowledges that if (x) the Management Investor breaches any term or condition contained in Section 2 or 3 of the Employment Agreement, or any other noncompetition or other restrictive covenant then applicable to the Management Investor, and (y) the Company provides the Management Investor with written notice of such breach: all of the SeaCube Restricted Shares that have not vested prior to the date of such notice shall be automatically forfeited, and be deemed to have been repurchased by the Company at a purchase price of zero dollars, upon the giving of such notice.

Forfeiture, Right to Repurchase. The Management Investor acknowledges that if (x) the Management Investor breaches any term or condition contained in Section 4 of this Agreement and (y) CLI provides the Management Investor with written notice of such breach, all of the SeaCube Restricted Shares that have not vested prior to the date of such notice shall be automatically forfeited, and be deemed to have been repurchased by the Company at a purchase price of zero dollars, upon the giving of such notice.

Forfeiture, Right to Repurchase. The Management Investor acknowledges that if (x) the Management Investor breaches any term or condition contained in Section 4 of this Agreement and (y) the Company provides the Management Investor with written notice of such breach, all of the Restricted Shares that have not vested prior to the date of such notice shall be automatically forfeited.

Forfeiture, Right to Repurchase. ▇▇▇▇▇ acknowledges that if (x) a court of competent jurisdiction determines that he has breached any term or condition contained in Section 6(a)(i)of this Agreement and (y) the Company or Parent has provided him with written notice of such breach, if such notice is given prior to the effective date of an IPO, (A) all of the Granted Shares shall be automatically forfeited, and be deemed to have been repurchased by Parent at a purchase price of zero dollars, upon the latter of the giving of such notice or court determination, and (B) Parent shall have the right to repurchase all the Purchased Shares at a per share price equal to the lesser of (x) the Purchase Price thereof or (y) the Fair Market Value thereof as of the date of giving of such notice (treating such a breach of Section 6(a)(i), together with the giving of such notice, as a Call Purchase Event (as of the date of such notice) under Section 5 of this Agreement). The remedies of the Company and Parent with respect to the breach of any other term or condition contained in Section 6 or 7 of this Agreement shall be limited to damages and the injunctive relief provided pursuant to Section 9(a) hereof.