Common use of Profits on the Sale of Certain Shares; Redemption Clause in Contracts

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs services for the Company in the capacity for which the Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs is performing services for the Company in the capacity for which the Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs last performed services for as an employee of the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written employment agreement), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Optionsthis Option, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith immediately paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options this Option by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs performed services for the Company in the capacity for which the Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs services for Director is a director of the Company in the capacity for which the Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee Director to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeDirector. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date the Optionee performs services for is no longer either an employee or director of the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(a) of this Agreement occur within one year from the last date the Optionee performs services for the Company in the capacity for which the Options were granted (the “Termination Date”)of this Agreement, all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date date of this Agreement shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date date of this Agreement but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) 24 of this Agreement the Plan occur within one year from the last date the Optionee performs services for the Company in the capacity for which the Incentive Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Incentive Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Incentive Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 6 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from following the last date the Optionee performs last performed services for the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith immediately paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date of employment of the Optionee performs services for with the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs performed services for the Company in the capacity for which the Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs performed services for the Company in the capacity for which the Options were granted as a consultant (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Optionsthis Option, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith immediately paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options this Option by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date of the consulting relationship or employment of the Optionee performs services for with the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date of [employment or service as a director of the Optionee performs services for the Company in the capacity for which the Options were granted Company] (the “Termination Date”) (or such longer period required by any written employment agreement), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs is performing services for the Company in the capacity for which the Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs performed services for the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Optionsthis Option, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith immediately paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options this Option by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date services are performed by the Optionee performs services for the Company in the capacity for which the Options were granted (the “"Termination Date”") (or such longer period required by any written agreement), all profits earned from the sale of the Company’s 's securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s 's rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs last performed services for as an director of the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Optionsthis Option, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith immediately paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options this Option by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs of employment with, or performance of services for for, the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written employment agreement), all profits earned from the Optionee’s sale of the Company’s 's securities, including the sale of shares of common stock Common Stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock Common Stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s 's rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs services for is a director of the Company in the capacity for which the Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date of the Optionee performs services for Optionee’s consulting relationship or director position with the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(d) of this Agreement occur within one year from the last date the Optionee performs services for is employed by the Company in the capacity for which the Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date of the Optionee performs services for Optionee’s employment with the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs is performing services for the Company in the capacity for which the Options were granted (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date the Optionee performs services for is no longer either an employee with or director of the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date the Optionee performs services for the Company in the capacity for which the Options were granted as an employee (the “Termination Date”), all profits earned from the sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the Optionee. The Company’s rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date of employment of the Optionee performs services for with the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be at the option of the Board forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date of the Optionee performs services for the Company consulting relationship referred to in the capacity for which the Options were granted Section 3(a) (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date with the Optionee performs services for is no longer an advisory board member of the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c3(b) of this Agreement occur within one year from the last date of the consulting relationship of the Optionee performs services for with the Company in the capacity for which the Options were granted (the “Termination Date”) (or such longer period required by any written agreement), all profits earned from the Optionee’s sale of the Company’s securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall at the option of the Board be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events ------------------------------------------------- specified in Section 3(c2(c) of this Agreement occur within one year from the last date the Optionee performs services for the Company in the capacity for which the Options were granted of employment (the “"Termination Date”") (or such longer period required by any written employment agreement), all profits earned from the sale of the Company’s 's securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee Employee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s 's rights under this Section 5 4 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.

Profits on the Sale of Certain Shares; Redemption. If any of the events specified in Section 3(c) of this Agreement occur within one year from the last date of service by the Optionee performs services for the Company in the capacity for which the Options were granted as a Director or Director Advisor (the “"Termination Date”"), all profits earned from the sale of the Company’s 's securities, including the sale of shares of common stock underlying the Options, during the two-year period commencing one year prior to the Termination Date shall be forfeited and forthwith paid by the Optionee to the Company. Further, in such event, the Company may at its option redeem shares of common stock acquired upon exercise of the Options by payment of the exercise price to the OptioneeOptions. The Company’s 's rights under this Section 5 do not lapse one year from the Termination Date but are a contract right subject to any appropriate statutory limitation period.