Common use of Repurchase of Restricted Shares Clause in Contracts

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. If the Participant’s employment with the Company terminates for any reason, the Company shall have the right, but not the obligation, 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. If the Participant’s employment with the Company and/or its Subsidiaries terminates for any reason, the Company shall have the right, but not the obligation, 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 and/or its Subsidiaries 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. If the Participant’s employment with service as a director of 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 such termination of such service by the Participant’s employment with the Company Participant 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. If the Participant’s employment with the Company and/or its Subsidiaries 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 thirty (630) months days following the date of the termination of the Participant’s employment with the Company and/or its Subsidiaries by delivery of a written notice to the Participant, and if not so exercised shall be deemed irrevocably waived. 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 for all purchases under this Section 2.3 of Restricted Shares shall be the Option Price.

Repurchase of Restricted Shares. If the Participant’s employment with the Company and/or its Subsidiaries terminates for any reason, the Company shall have the right, but not the obligation, 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 thirty (630) months days following the date of the termination of the Participant’s employment with the Company and/or its Subsidiaries by delivery of a written notice to the Participant, and if not so exercised shall be deemed irrevocably waived. 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 for all purchases under this Section 2.3 of Restricted Shares shall be the Option Price.