Common use of Lapse of Repurchase Right Clause in Contracts

Lapse of Repurchase Right. Xxxxxxx shall acquire a vested ------------------------- interest in and the Company's Right of Repurchase shall lapse with respect to 1/36th of the Restricted Shares upon Xxxxxxx'x completion of each of the next twenty five (25) months of continuous employment after the date hereof, such that Xxxxxxx would be fully vested in the Restricted Shares at the expiration of twenty five (25) months from the date hereof. The Right of Repurchase shall lapse with respect to all remaining Restricted Shares if the Company is subject to a Change in Control (as defined in the Employment Agreement) before Xxxxxxx'x employment terminates.

Lapse of Repurchase Right. Xxxxxxx Xxxxx shall acquire a vested interest ------------------------- interest in and the Company's Right of Repurchase shall lapse with respect to 1/36th of the Restricted Shares upon Xxxxxxx'x Xxxxx'x completion of each of the next twenty five thirty-six (2536) months of continuous employment Service after the date hereof, such that Xxxxxxx Xxxxx would be fully vested in the Restricted Shares at the expiration of twenty five thirty-six (2536) months from the date hereof. The Right of Repurchase shall lapse with respect to all remaining Restricted Shares if the Company is subject to a Change in Control during the Employment Period (as defined in the Employment Agreement) before Xxxxxxx'x Xxxxx'x employment terminates.

Lapse of Repurchase Right. Xxxxxxx Xxxxx shall acquire a vested interest ------------------------- interest in and the Company's Right of Repurchase shall lapse with respect to 1/36th [OBJECT OMITTED]th of the Restricted Shares upon Xxxxxxx'x Xxxxx'x completion of each of the next twenty five thirty-six (2536) months of continuous employment Service after the date hereof, such that Xxxxxxx Xxxxx would be fully vested in the Restricted Shares at the expiration of twenty five thirty-six (2536) months from the date hereof. The Right of Repurchase shall lapse with respect to all remaining Restricted Shares if the Company is subject to a Change in Control during the Employment Period (as defined in the Employment Agreement) before Xxxxxxx'x Xxxxx'x employment terminates.