Option to Have Company Repurchase Stock and Options. If Executive dies while employed, the Company shall, subject to any restrictions contained in any credit or similar agreements or that exist under California state law, offer to purchase all of Executive’s stock and any outstanding options, which are vested at the time of death at fair market value.
Appears in 3 contracts
Samples: Employment Agreement (Redwood Scientific Technologies, Inc.), Employment Agreement (Redwood Scientific Technologies, Inc.), Employment Agreement (Redwood Scientific Technologies, Inc.)
Option to Have Company Repurchase Stock and Options. If Executive dies while employed, the Company shall, subject to any restrictions contained in any credit or similar agreements or that exist under California state law, offer to purchase all of Executive’s 's stock and any outstanding options, which are vested at the time of death at fair market value.
Appears in 1 contract
Samples: Employment Agreement (Redwood Scientific Technologies, Inc.)
