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

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 Company --------------------------------------- to the Escrow Agent on behalf of the Founder Purchaser or the FounderPurchaser's legal representative shall be made in cash within 60 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 Purchaser to the Company shall be treated as payment to the Founder Purchaser in cash to the extent of the unpaid principal and any accrued interest canceledcancelled. The purchase price per share being purchased by the Company pursuant to the Unvested Share Repurchase Option shall be $0.001 0.01 per share, adjusted appropriately to reflect any stock split, stock dividend, recapitalization, etc. Within 30 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 FounderPurchaser.