Repurchase of Executive Securities. (a) In the event Executive ceases to be employed by the Company or any of its Subsidiaries for any reason (the “Separation”), the Executive Securities (whether held by Executive or one or more of Executive’s transferees, other than the Company and the Investors) will be subject to repurchase, in each case by the Company and the Investors pursuant to the terms and conditions set forth in this Section 3 (the “Repurchase Option”). The Company may assign its repurchase rights set forth in this Section 3 to any Person.
Appears in 7 contracts
Samples: Senior Management Agreement (Capella Healthcare, Inc.), Senior Management Agreement (NPMC Holdings, LLC), Senior Management Agreement (NPMC Holdings, LLC)
