Common use of Purchase of Stock Upon Employee's Death Upon Termination Without Cause or for Disability Clause in Contracts

Purchase of Stock Upon Employee's Death Upon Termination Without Cause or for Disability. Upon the Employee's death, or termination of the Employee's employment by the Company without Cause, or for Disability, Systems may require the Employee and any Transferees to sell all but not less than all of the Stock owned by the Employee and any such Transferees in accordance with the provisions of this Section 14 of this Agreement. Systems may exercise such option by notice to the Employee and any such Transferees given within six (6) months after the Employee's death or termination. Upon the giving of such notice, Systems shall be obligated to purchase and the Employee and any such Transferees shall be obligated to sell the Stock at Fair Market Value per share.