Common use of Payment for Shares and Return of Shares Clause in Contracts

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 to the Escrow Agent on behalf of the Founder Purchaser or the FounderPurchaser’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 repurchase price per share shall be the purchase price per share paid by the Founder Purchaser 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, Company and shall give the payment received in respect thereof to the Founder Purchaser or the FounderPurchaser’s legal representative.