Payment for Shares and Return of Shares. Payment to the Escrow Agent on behalf of the Founder or the Founder’s legal representative shall be made in cash within seventy five (75) calendar days after the date of the mailing of the written notice of exercise of the Unvested Share Repurchase Option. The Re-Purchase Price per share shall be the purchase price per share paid by the Founder pursuant to Section 1 above, adjusted appropriately to reflect any stock split, stock dividend, recapitalization, etc. Within thirty (30) calendar days after payment, the Escrow Agent shall deliver certificates representing the shares so purchased to individuals in the Founders Group and the Company, as appropriate, and shall give the payment received in respect thereof to the Founder or the Founder’s legal representative.
Payment for Shares and Return of Shares. Payment by the Company --------------------------------------- to the Escrow Agent on behalf of the Founder or the Founder's legal representative shall be made in cash within 60 days after the date of the mailing of the written notice of exercise of the Unvested Share Repurchase Option. For purposes of the foregoing, cancellation of any promissory note of the Founder to the Company shall be treated as payment to the Founder in cash to the extent of the unpaid principal and any accrued interest canceled. The purchase price per share being purchased by the Company pursuant to the Unvested Share Repurchase Option shall be $0.001 per share, adjusted appropriately to reflect any stock split, stock dividend, recapitalization, etc. Within 30 days after payment by the Company, the Escrow Agent shall give the shares which the Company has purchased to the Company and shall give the payment received from the Company to the Founder.
Payment for Shares and Return of Shares. Payment by the Corporation to University shall be made in cash within sixty (60) days after the date of the mailing of the written notice of exercise of the Unvested Share Repurchase Option. The purchase price per share being purchased by the Corporation shall be an amount equal to the Original Issue Price, as adjusted for stock splits, stock dividends, recapitalizations and the like after the date hereof. Within thirty (30) days after payment by the Corporation, University shall deliver to the Corporation a certificate for the shares which the Corporation has purchased.
Payment for Shares and Return of Shares. Payment by the Company to --------------------------------------- the Escrow Agent on behalf of the Purchaser or the Purchaser's legal representative shall be made in cash within sixty (60) days after the date of the mailing of the written notice of exercise of the Unvested Share Repurchase Option. For purposes of the foregoing, cancellation of any promissory note of the Purchaser to the Company shall be treated as payment to the Purchaser in cash to the extent of the unpaid principal and any accrued interest cancelled. The purchase price per share being purchased by the Company pursuant to the Unvested Share Repurchase Option shall be $0.01 per share, adjusted appropriately to reflect any stock split, stock dividend, recapitalization, etc. Within thirty (30) days after payment by the Company, the Escrow Agent shall give the shares which the Company has purchased to the Company and shall give the payment received from the Company to the Purchaser.
Payment for Shares and Return of Shares. Payment by the Company to the Optionee shall be made in cash within thirty (30) days after the date of the mailing of the written notice of exercise of the Share Repurchase Option. For purposes of the foregoing, cancellation of any indebtedness of the Optionee to any Participating Company shall be treated as payment to the Optionee in cash to the extent of the unpaid principal and any accrued interest canceled. The purchase price per share being repurchased by the Company shall be an amount equal to the fair market value of the shares as of the last day of the month which ended immediately preceding the date on which the Share Repurchase Option arose, as determined by the Board in good faith. If the Board elects to not determine the fair market value of the shares, the fair market value of the shares shall be determined by a duly-qualified appraiser designated by the Company. The shares being repurchased shall be delivered to the Company by the Optionee at the same time as the delivery of the purchase price to the Optionee.
Payment for Shares and Return of Shares. Payment by the Company to the Escrow Agent on behalf of the Purchaser or the Purchaser’s legal representative shall be made in cash within 30 days after the date of the mailing of the written notice of exercise of the Unvested Share Repurchase Option. The purchase price per share being purchased by the Company pursuant to the Repurchase Option shall be $0.125 per share, adjusted appropriately to reflect any stock split, stock dividend, recapitalization, etc. Within 30 days after payment by the Company, the Escrow Agent shall give the shares which the Company has purchased to the Company and shall give the payment received from the Company to the Purchaser.
Payment for Shares and Return of Shares. Payment for the repurchased shares by the Corporation to the Purchaser or the Purchaser's legal representative shall be made in cash within thirty (30) days after the date of the mailing of the written notice of exercise of the Unvested Share Repurchase Option. The purchase price per share for the shares being repurchased by the Corporation shall be an amount equal to $0.001 per share. Within three (3) business days after payment by the Corporation, the Purchaser shall deliver the shares which the Corporation has repurchased to the Corporation and shall deliver the payment received from the Corporation to the Purchaser.
Payment for Shares and Return of Shares. The purchase price for each Unvested Share being repurchased shall be an amount equal to the Employee's original cost per share (as adjusted pursuant to Section 5). Payment by the Company to the Employee or the Employee's legal representative shall be made in cash within thirty (30) days after the date of the mailing of the written notice of exercise of the Repurchase Option. For purposes of the foregoing, cancellation of any promissory note of the Employee to the Company shall be treated as payment to the Employee in cash to the extent of the unpaid principal and any accrued interest canceled. The shares being repurchased shall be delivered by the Employee to the Company at the same time as the delivery of the repurchase price to the Employee.
Payment for Shares and Return of Shares. Payment by the Company to --------------------------------------- the Escrow Agent on behalf of the Founder or the Founder's legal representative shall be made in cash within sixty (60) days after the date of the mailing of the written notice of exercise of the Unvested Share Repurchase Option. For purposes of the foregoing, cancellation of any promissory note of the Founder to the Company shall be treated as payment to the Founder in cash to the extent of the unpaid principal and any accrued interest canceled. The purchase price per share for the Founders' Stock being purchased by the Company shall be $0.01 per share. Within thirty (30) days after payment by the Company, the Escrow Agent shall give the shares which the Company has purchased to the Company and shall give the payment received from the Company to the Founder or the Founder's legal representative.
Payment for Shares and Return of Shares. Payment by the Company to the Optionee or the Optionee's legal representative shall be made in cash within thirty (30) days after the date of the mailing of the written notice of exercise of the Share Repurchase Option and receipt of the Optionee's Option Share certificate(s); provided, however, that for payments above $5,000, the Company, at its election, may pay in twelve (12) equal installments over a twelve (12) month period. For purposes of the foregoing, cancellation of any promissory note of the Optionee of the Company shall be treated as payment to the Optionee in cash to the extent of the unpaid principal and any accrued interest cancelled. The repurchase price per Option Share being purchased by the Company shall be the fair market value of the Shares as determined by the Board as of the date of the event giving rise to the Share Repurchase Option; provided,however, if the employment of the Optionee is terminated because of a Discharge for Cause or if the Optionee or the Optionee's legal representative has attempted to dispose of any Option Shares other than as allowed in this Agreement, the repurchase price per Option Share being purchased by the Company shall be an amount equal to the lesser of (i) the Optionee's original cost per Option Share or (ii) the fair market value of the Shares as determined by the Board as of the date of the event giving rise to the Share Repurchase Option.
