Common use of Option Exercise Procedures Clause in Contracts

Option Exercise Procedures. The Company may elect to purchase all or any portion of such 2006 Employee Investor’s Employee Units by delivering written notice (the “Repurchase Notice”) to the holder or holders of such Employee Units within 90 days after such 2006 Employee Investor’s Termination. The Repurchase Notice shall set forth the number of Unvested Units and Vested Units to be acquired from each holder of such 2006 Employee Investor’s Employee Units, the aggregate consideration to be paid for such Employee Units and the time and place for the closing of the transaction. The number of Employee Units to be repurchased by the Company shall first be satisfied to the extent possible from the Employee Units held by such 2006 Employee Investor at the time of delivery of the Repurchase Notice. If the number of Employee Units then held by such 2006 Employee Investor is less than the total number of Employee Units the Company has elected to purchase, the Company shall purchase the remaining Employee Units elected to be purchased from the other holder(s) of such 2006 Employee Investor’s Employee Units under this Agreement, pro rata according to the number of such 2006 Employee Investor’s Employee Units held by such other holder(s) at the time of delivery of such Repurchase Notice (determined as close as practicable to the nearest whole units). The number of Unvested Units and Vested Units to be repurchased hereunder shall be allocated among such 2006 Employee Investor and the other holders of such 2006 Employee Investor’s Employee Units (if any) pro rata according to the number of such 2006 Employee Investor’s Employee Units to be purchased from such persons in accordance with the preceding sentence.

Option Exercise Procedures. The Company may elect to purchase all or any portion of such 2006 the 2008 Employee Investor’s Employee Units by delivering written notice (the “Repurchase Notice”) to the holder or holders of such Employee Units within 90 days after such 2006 the 2008 Employee Investor’s Termination. The Repurchase Notice shall set forth the number of Unvested Units and Vested Units to be acquired from each holder of such 2006 the 2008 Employee Investor’s Employee Units, the aggregate consideration to be paid for such Employee Units and the time and place for the closing of the transaction. The number of Employee Units to be repurchased by the Company shall first be satisfied to the extent possible from the Employee Units held by such 2006 the 2008 Employee Investor at the time of delivery of the Repurchase Notice. If the number of Employee Units then held by such 2006 the 2008 Employee Investor is less than the total number of Employee Units the Company has elected to purchase, the Company shall purchase the remaining Employee Units elected to be purchased from the other holder(s) of such 2006 the 2008 Employee Investor’s Employee Units under this Agreement, pro rata according to the number of such 2006 the 2008 Employee Investor’s Employee Units held by such other holder(s) at the time of delivery of such Repurchase Notice (determined as close as practicable to the nearest whole units). The number of Unvested Units and Vested Units to be repurchased hereunder shall be allocated among such 2006 the 2008 Employee Investor and the other holders of such 2006 the 2008 Employee Investor’s Employee Units (if any) pro rata according to the number of such 2006 the 2008 Employee Investor’s Employee Units to be purchased from such persons in accordance with the preceding sentence.

Option Exercise Procedures. The Company may elect to purchase all or any portion of such 2006 Employee Director Investor’s Employee Director Units by delivering written notice (the “Repurchase Notice”) to the holder or holders of such Employee Director Units within 90 days after such 2006 Employee Director Investor’s Termination. The Repurchase Notice shall set forth the number of Unvested Units and Vested Units to be acquired from each holder of such 2006 Employee Director Investor’s Employee Director Units, the aggregate consideration to be paid for such Employee Director Units and the time and place for the closing of the transaction. The number of Employee Director Units to be repurchased by the Company shall first be satisfied to the extent possible from the Employee Director Units held by such 2006 Employee Director Investor at the time of delivery of the Repurchase Notice. If the number of Employee Director Units then held by such 2006 Employee Director Investor is less than the total number of Employee Director Units the Company has elected to purchase, the Company shall purchase the remaining Employee Director Units elected to be purchased from the other holder(s) of such 2006 Employee Director Investor’s Employee Director Units under this Agreement, pro rata according to the number of such 2006 Employee Director Investor’s Employee Director Units held by such other holder(s) at the time of delivery of such Repurchase Notice (determined as close as practicable to the nearest whole units). The number of Unvested Units and Vested Units to be repurchased hereunder shall be allocated among such 2006 Employee Director Investor and the other holders of such 2006 Employee Director Investor’s Employee Director Units (if any) pro rata according to the number of such 2006 Employee Director Investor’s Employee Director Units to be purchased from such persons in accordance with the preceding sentence.

Option Exercise Procedures. The Company may elect to purchase all or any portion of such 2006 Employee Investor’s 's Employee Units by delivering written notice (the “Repurchase Notice”"REPURCHASE NOTICE") to the holder or holders of such Employee Units within 90 days after such 2006 Employee Investor’s 's Termination. The Repurchase Notice shall set forth the number of Unvested Units and Vested Units to be acquired from each holder of such 2006 Employee Investor’s 's Employee Units, the aggregate consideration to be paid for such Employee Units and the time and place for the closing of the transaction. The number of Employee Units to be repurchased by the Company shall first be satisfied to the extent possible from the Employee Units held by such 2006 Employee Investor at the time of delivery of the Repurchase Notice. If the number of Employee Units then held by such 2006 Employee Investor is less than the total number of Employee Units the Company has elected to purchase, the Company shall purchase the remaining Employee Units elected to be purchased from the other holder(s) of such 2006 Employee Investor’s 's Employee Units under this Agreement, pro rata according to the number of such 2006 Employee Investor’s 's Employee Units held by such other holder(s) at the time of delivery of such Repurchase Notice (determined as close as practicable to the nearest whole units). The number of Unvested Units and Vested Units to be repurchased hereunder shall be allocated among such 2006 Employee Investor and the other holders of such 2006 Employee Investor’s 's Employee Units (if any) pro rata according to the number of such 2006 Employee Investor’s 's Employee Units to be purchased from such persons in accordance with the preceding sentence.