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 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 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. 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 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 escrow agent on behalf of the Optionee or the Optionee's legal representative shall be made in cash at the time the written notice of exercise is given by the Company pursuant to paragraph 8(c), above. For purposes of the foregoing, cancellation of any promissory note of the Optionee to 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 purchase price per share being purchased by the Company shall be an amount equal to the lesser of (i) the Optionee's original cost per 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 Unvested Share Repurchase Option. 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 Optionee.
Payment for Shares and Return of Shares. Payment of the Repurchase Price (as defined below) shall be made in cash in five equal installments. The first payment hereunder shall be due and payable six months after the date specified in the written notice to the Employee Holder delivered to Section 3.2 above (the "Repurchase Date"). Each subsequent payment shall be due and payable six months after the date on which the previous payment became due and payable. Interest at the rate of 6% per annum, compounded annually, shall accrue on the unpaid portions of the Repurchase Price from the Repurchase Date. The shares being repurchased shall be delivered to the Company by the Employee Holder on the Repurchase Date.
Payment for Shares and Return of Shares. Payment by the Company to the Executive or the Executive'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. The purchase price per share for the shares being repurchased by the Company shall be an amount equal to the Purchase Price.
