Limited Right of the Employee to Require the Company to Repurchase Shares. If the Employee’s employment with the Company is terminated prior to a Public Offering by the Employee upon Retirement or by reason of the Disability or death of the Employee or is terminated by the Company without Cause (including in connection with a sale by the Company of the division or Subsidiary directly employing the employee), the Employee may require the Company to purchase all (but not less than all) of an Employee’s Shares (excluding any Shares acquired on exercise of an Option) by written notice delivered to the Company within 30 days following the expiration of the Second Option Period.
Appears in 2 contracts
Samples: Employee Stock Subscription Agreement (Servicemaster Co), Employee Stock Subscription Agreement (Servicemaster Co)
Limited Right of the Employee to Require the Company to Repurchase Shares. If the Employee’s employment with the Company is terminated prior to a Public Offering by the Employee upon Retirement or for Good Reason, or by reason of the Disability or death of the Employee Employee, or is terminated by the Company without Cause (including in connection with a sale by the Company of the division or Subsidiary directly employing the employee), the Employee may require the Company to purchase all (but not less than all) of an Employee’s the Initial Shares (excluding any and the Additional Shares acquired on exercise of an Option) by written notice delivered to the Company within 30 days following the expiration of the Second Option Period.
Appears in 2 contracts
Samples: Employee Stock Subscription Agreement (Servicemaster Co), Employee Stock Subscription Agreement (Servicemaster Co)
Limited Right of the Employee to Require the Company to Repurchase Shares. If the Employee’s employment with the Company is terminated prior to a Public Offering by the Employee upon Retirement or by reason of the Disability or death of the Employee or is terminated by the Company without Cause (including in connection with a sale by the Company of the division or Subsidiary directly employing the employee), the Employee may require the Company to purchase all (but not less than all) of an Employee’s Shares (excluding any Shares acquired on exercise of an Option) by written notice delivered to the Company within 30 days following the expiration of the Second Option Period.
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