Common use of Procedure for Exercise of Reacquisition Right Clause in Contracts

Procedure for Exercise of Reacquisition Right. For sixty (60) days after the effective date of the cessation of Executive’s Continuous Service or the failure of the Plan Performance Goal, as the case may be, the Company may exercise the Reacquisition Right by giving Executive, or any Permitted Assign (as defined in Section 6 below) of Executive who has acquired ownership of any of the Unvested Shares, written notice (a “Reacquisition Notice”) of the number of the then Unvested Shares which the Company is entitled, pursuant to Section 5.1, and has elected to reacquire (the “Reacquisition Shares”).

Procedure for Exercise of Reacquisition Right. For sixty (60) days after the effective date of the cessation of Executive’s Continuous Service or the failure of the Plan Financial Performance Goal, as the case may be, the Company may exercise the Reacquisition Right by giving Executive, or any Permitted Assign (as defined in Section 6 below) of Executive who has acquired ownership of any of the Unvested Shares, written notice (a “Reacquisition Notice”) of the number of the then Unvested Shares which the Company is entitled, pursuant to Section 5.1, and has elected to reacquire (the “Reacquisition Shares”).