Repurchase of Restricted Shares. If the Participant’s employment with the Company terminates for any reason, the Company shall have the right, but not the obligation to purchase all or any portion of the Restricted Shares owned by the Participant. Such option shall be exercisable by the Company within six (6) months following the date of the termination of the Participant’s employment with the Company by delivery of a written notice to the Participant. The Company may assign its rights under this Section 2.3 to the stockholders of the Company (other than the Participant), at any time, on a pro rata basis. The purchase price per share of all purchases under this Section 2.3 of Restricted Shares shall be the Option Price.
Repurchase of Restricted Shares. The repurchase of Restricted Shares by the Company pursuant to this Section 2 shall be consummated (the “Repurchase Event”) on the date designated by the Company in a written notice by the Company to the Purchaser or, if relevant, any Permitted Transferee, of the Company’s exercise of its option pursuant to Section 2(a), which date shall not be more than sixty (60) days after the date of such written notice. The Repurchase Event shall take place at the Company’s executive offices. At the Repurchase Event, the Company shall pay the Repurchase Price (as defined below) in the manner specified in Section 3 hereof and, without any further action by the Purchaser or, as the case may be, Permitted Transferee, such Restricted Shares shall be assigned to the Company or its nominee, free and clear of any liens or encumbrances. The Company shall be entitled to receive representations and warranties with respect to title, authority and liens and other documentation from the Purchaser or, as the case may be, any Permitted Transferee, in connection with the repurchase of such Restricted Shares.
Repurchase of Restricted Shares. Upon termination of the Service Period, the Company shall have the right, but not the obligation, to purchase all or any portion of the Restricted Shares owned by the Participant. Such option shall be exercisable by the Company within six (6) months following the date of the termination of the Service Period by delivery of a written notice to the Participant. The Company may assign its rights under this Section 2.3 to the stockholders of the Company (other than the Participant), at any time, on a pro rata basis. The purchase price per share of all purchases under this Section 2.3 of Restricted Shares shall be the Option Price.
Repurchase of Restricted Shares. (a) In the event of Employee’s Termination of Employment, the Company shall have the right and option, but not obligation, to purchase from Employee, or Employee’s personal representative, as the case may be, any or all of the Restricted Shares which are subject to such right and option as of the date of the Termination of Employment, at the lesser of (i) the per share purchase price paid by Employee for such Restricted Shares, or (ii) the then current Fair Market Value of such Restricted Shares. Such right and option shall be referred to herein as the “Repurchase Option.” The Company shall have the right to assign at any time the Repurchase Option, whether or not the Repurchase Option is then exercisable, to one or more persons as may be selected by the Company.
Repurchase of Restricted Shares. If your employment by the Company, Pierre Foods, Inc. or its Subsidiaries shall cease for any reason whatsoever, including but not limited to, upon your death, disability, resignation or termination with or without cause (such cessation of service a “Termination” and the date on which such cessation occurs being referred to as the “Termination Date”), the Company and/or MDCP shall have the option to repurchase your unvested Restricted Shares (the “Unvested Shares”) and vested Restricted Shares (the “Vested Shares”), in accordance with this paragraph 5(a), at the price determined in accordance with the provisions of paragraph 5(c) (the option to purchase Unvested Shares is referred to herein as the “Unvested Share Repurchase Option” and the option to purchase Vested Shares is referred to herein as the “Vested Share Repurchase Option”).
Repurchase of Restricted Shares. (a) In the event of the termination of the Management Services Agreement pursuant to Section 13 thereof (the "Repurchase Event") on or before the fourth anniversary of the date hereof, the Company shall have the right (but not the obligation) (the "Repurchase Option"), to be exercised in its sole discretion, to repurchase all or any portion of the Restricted Shares (whether vested or unvested and whether held by the Stockholder or one or more of the Stockholder's Permitted Transferees) pursuant to the terms and conditions set forth in this Section 3.
Repurchase of Restricted Shares. Notwithstanding anything to the contrary in this Agreement, if Employee shall cease to be an employee of the Company or any of its subsidiaries for any reason other than retirement from employment with the Company or any of its subsidiaries at age sixty-five (65) or later with the written consent of the Compensation Committee of the Board of Directors of the Company, including, without limitation, death, disability, resignation, termination for cause or termination without cause, then unless the Company shall determine otherwise, the Company shall repurchase each then unvested Restricted Share at a purchase price equal to the Purchase Price per share.
Repurchase of Restricted Shares. Notwithstanding anything to the contrary contained in this Agreement, if Participant shall cease to be an employee or independent contractor of the Company or any of its subsidiaries for any reason, or for no reason, then, unless the Committee shall determine otherwise, the Company shall repurchase each then unvested Restricted Share at a purchase price equal to the Cash Purchase Price per share.
Repurchase of Restricted Shares. If, during the Vesting Schedule set forth in section 2 herein, any conditions other than simple timing conditions were not fulfilled, the Company has the right to repurchase any unvested Restricted Shares, and any of the events in section 6 of the Restricted Share Purchase Agreement occurs, the Company may reacquire a certain number of Restricted Shares from the Grantee at USD0.0001 per share, if the penalty payments incurred from such occurrences are not received by the Company by their corresponding due date. The number of Restricted Shares that the Company may reacquire equals to the amount of unpaid penalties divided by the closing price of the publicly traded shares of the Company on the first trading day after Penalty Due Date. Any currency exchange rate used for this repurchase shall be calculated using the median exchange rate announced by the Bank of China upon the first trading date after Penalty Due Date. To repurchase Restricted Shares to satisfy the unpaid penalties incurred from the breaches, the Company shall first reacquire the unvested Restricted Shares to satisfy the unpaid penalties for the breaches. If the number of the unvested Restricted Shares is less than the number of Restricted Shares that the Company may reacquire, the Company may reacquire the vested Restricted Shares; if still insufficient, the Grantee or Mr. Xianle Ni shall pay the difference between the unpaid penalties and the value of the repurchased Restricted Shares in cash.
Repurchase of Restricted Shares. Upon the occurrence of a Termination Event, the Company or its assigns shall have the right and option to repurchase (the "Repurchase Right") all or any portion of the Restricted Shares held by the Grantee or any Permitted Transferee as of the date of such Termination Event at the per share purchase price set forth above, subject to adjustment as provided herein. The Repurchase right specified herein shall survive and remain in effect as to Restricted Shares following and notwithstanding any Liquidity Event or other transaction involving the Company and certificates representing such Restricted Shares shall bear legends to such effect.
