Common use of Reacquisition Clause in Contracts

Reacquisition. All shares of Restricted Stock issued to the Employee pursuant to Section 2.1 are initially subject to reacquisition by the Company immediately if the employee-employer relationship between the Employee and the Company is terminated: (i) by the Company pursuant to Section 2(c)(ii) of the Employment Agreement or (ii) by Employee other than (A) pursuant to Section 2(d) of the Employment Agreement, (B) pursuant to Section 2(e) of the Employment Agreement or (C) pursuant to Section 2(f) of the Employment Agreement (other than in connection with Employee's removal as a director for cause under the corporation laws of the State of Maryland), or (D) due to the fact that the Employment Agreement expired and was not renewed pursuant to Section 2(b) of the Employment Agreement. Following such a reacquisition by the Company, the Company shall promptly pay to the Employee an amount equal to the product of $.01 times the number of shares of Restricted Stock reacquired. The restriction that such shares of Restricted Stock be subject to reacquisition by the Company shall not apply to any "Vested Shares" held by the Employee.

Reacquisition. All shares of Restricted Stock issued to the Employee pursuant to Section 2.1 are initially subject to reacquisition by the Company immediately if the employee-employer relationship between the Employee and the Company is terminated: (i) by the Company pursuant to Section 2(c)(ii) of the Employment Agreement or (ii) by Employee other than (A) pursuant to Section 2(d) of the Employment Agreement, (B) pursuant to Section 2(e) of the Employment Agreement or (C) pursuant to Section 2(f) of the Employment Agreement (other than in connection with Employee's removal as a director for cause under the corporation laws of the State of Maryland), or (D) due to the fact that the Employment Agreement expired and was not renewed pursuant to Section 2(b) of the Employment Agreement. Following such a reacquisition by the Company, the Company shall promptly Company shall promptly pay to the Employee an amount equal to the product of $.01 times the number of shares of Restricted Stock reacquired. The restriction that such shares of Restricted Stock be subject to reacquisition by the Company shall not apply to any "Vested Shares" held by the Employee.