Minimum Repurchase Right Exercise Requirements Sample Clauses

Minimum Repurchase Right Exercise Requirements. The minimum number ---------------------------------------------- of Repurchase Rights allowed to be exercised at any one time by Recipient shall be equal to that vested number of shares of Restricted Stock which are part of a single block of such Stock granted to Recipient on a particular date under the Plan. Restricted Stock granted for different reasons under the Plan (e.g., in lieu of salary increases, bonuses or as part of the Corporation's long term incentive plan) will each be considered a separate block of Restricted Stock for purposes of these minimum exercise requirements.