Procedure for Exercise of Reconveyance Option. For sixty (60) days after the Termination Date or other event described in this Section 4, the Company may exercise the Repurchase Right by giving Purchaser and/or any other person obligated to sell written notice of the number of Unvested Shares which the Company desires to purchase. The Repurchase Price for the Unvested Shares shall be payable, at the option of the Company, by check or by cancellation of all or a portion of any outstanding indebtedness of Purchaser to the Company, or by any combination thereof.
Appears in 16 contracts
Samples: Restricted Stock Award Agreement (Powerwave Technologies Inc), Restricted Stock Award Agreement (Kal Energy Inc), Restricted Stock Purchase Agreement (Collectors Universe Inc)
Procedure for Exercise of Reconveyance Option. For sixty (60) days after the Termination Date date of termination of Purchaser’s Continuous Service or other event described in this Section 4, the Company may exercise the Repurchase Right by giving Purchaser and/or any other person obligated to sell written notice of the number of Unvested Shares which the Company desires to purchase. The Repurchase Price for the Unvested Shares shall be payable, at the option of the Company, by check or by cancellation of all or a portion of any outstanding indebtedness of Purchaser to the Company, or by any combination thereof.
Appears in 2 contracts
Samples: Restricted Stock Purchase Agreement (Biolife Solutions Inc), Restricted Stock Purchase Agreement (Oncogenex Pharmaceuticals, Inc.)
