Repurchase of Restricted Stock. (a) Except as provided in paragraph 3(g), in the event of a Repurchase Event, as defined in paragraph 3(b) below, the Company may elect to repurchase the Restricted Stock (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 paragraph 3 (the "Repurchase Option").
Repurchase of Restricted Stock. The Corporation may repurchase the Restricted Stock from the Executive upon the terms and conditions hereinafter set forth within sixty (60) days after termination of the Executive by the Corporation for Cause. In the event the Corporation exercises its right to repurchase, the Corporation shall promptly pay to the Executive an amount per share equal to the original purchase price paid per share (i.e., $0.001 per share) by the Executive for the Restricted Stock shares, as adjusted from time to time for stock splits, stock dividends, stock combinations and other recapitalizations.
Repurchase of Restricted Stock. (a) On and after the occurrence of a Repurchase Event, the Corporation shall have the right to purchase from the Initial Stockholder and any member of the Group of the Initial Stockholder, and the Initial Stockholder and any member of the Group of the Initial Stockholder shall sell to the Corporation upon the exercise of such right, at a purchase price per share of $.005, up to the number of shares of Restricted Stock less the number of Vested Shares (as hereinafter defined). As used herein:
Repurchase of Restricted Stock. The Administrator may provide in the terms of each individual Award Agreement that the Company shall have the right to repurchase from the Holder the Restricted Stock then subject to restrictions under the Award Agreement at the time of such Holder’s Termination of Employment, at a price per share equal to the lesser of (i) the price paid by the Holder for such Restricted Stock or (ii) the then current Fair Market Value of such Restricted Stock, as determined by the Administrator in good faith. The repurchase price for any such shares of Restricted Stock shall be paid in either cash (or cash equivalent) or cancellation of all or any portion of any indebtedness owed to the Company incurred by the Holder in satisfaction of the Holder’s tax withholding obligations.
Repurchase of Restricted Stock. Immediately upon the Restricted Stockholder’s Termination of Employment, Termination of Directorship or Termination of Consultancy (as applicable) for any reason, the Company or the Employer shall have the right to repurchase from the Restricted Stockholder any or all shares of Restricted Stock then subject to Restrictions at a cash price per share equal to the price paid by the Restricted Stockholder for such Restricted Stock; provided, however, that provision may be made by the Committee in its sole and absolute discretion that no such right of repurchase shall exist in the event of:
Repurchase of Restricted Stock. Until a share of Restricted Stock vests as set forth in this Agreement, including vesting relating to a Change of Control under Section 5(b), the Company shall have the right to repurchase from the Recipient (or his or her legal representative(s), guardian(s) or permitted transferee) the unvested shares of Restricted Stock (including any shares received by the holder with respect to such share of Restricted Stock as a result of stock dividends, stock splits or other forms of recapitalization) immediately upon a termination of employment (with or without cause and for any reason whatsoever) or, if applicable, upon a termination of any other business relationship (with or without cause and for any reason whatsoever) between the Recipient and the Company and/or a Affiliated Entity, at the Purchase Price, increased on an annual basis by seven percent (7%) per annum.
Repurchase of Restricted Stock. Megaro is a parxx xx Stock Restriction Agreements with the Company dated May 2, 1997, June 2, 1997 and June 11, 1997 (collectively, the "Stock Restriction Agreements"). In connection with the provisions of paragraphs 2 and 3 of each of the Stock Restriction Agreements, the Company hereby waives its right to exercise its Purchase Options with respect to all unvested shares of the Company's common stock previously purchased by Megaro under sxxx Xtock Restriction Agreements. All shares of common stock previously purchased by Megaro under xxx Xtock Restriction Agreements (the "Restricted Shares") are, therefore, fully vested in Megaro (subject xx xxe Company's rights under Stock Pledge Agreements between Megaro and the Xxxxany dated May 2, 1997, June 2, 1997, and June 11, 1997 (collectively, the "Stock Pledge Agreements")). Upon full payment of the Notes referenced in Section 4 above, all of the Restricted Shares shall be released from the applicable Stock Pledge Agreements in accordance with the respective terms of such Stock Pledge Agreements, and any certificates in the Company's custody shall be delivered to Megaro, and shxxx xxar all applicable legends designating the shares as restricted. As transfer restrictions imposed by federal securities laws (including, but not limited to, restrictions under Rule 144 of the Securities Act of 1933, as amended) lapse, the Company will cooperate with Megaro in remoxxxx the related restrictive legends appearing on the certificates for the Restricted Shares 3 and at the appropriate time, the Company will provide a satisfactory opinion of counsel that any such Rule 144 holding periods applicable to the Restricted Shares have been satisfied.
Repurchase of Restricted Stock. In the event that the Restricted Stockholder’s employment with the Company is terminated for any reason, the Company shall have the right to repurchase from the Restricted Stockholder any or all shares of Restricted Stock then subject to Restrictions at a cash price per share equal to the price paid by the Restricted Stockholder for such Restricted Stock. The Company shall exercise such repurchase right by delivering written notice to the Restricted Stockholder within one hundred eighty (180) days after the date on which the Restricted Stockholder’s employment terminates, specifying the number of shares of Restricted Stock to be purchased, the purchase price, and the time and place of the closing of such repurchase.
Repurchase of Restricted Stock. Employee hereby grants the Company the right (the "Repurchase Right") to repurchase the Restricted Stock, at any time or from time to time, for a purchase price of $0.05 per share, or an aggregate purchase price of $50,000. The Company may exercise the Repurchase Right upon written notice to Employee, accompanied by the Purchase Price therefor. At the same time as such delivery, Employee shall duly convey and transfer the Restricted Stock to the Company.
Repurchase of Restricted Stock. The Company shall have the ------------------------------ right to repurchase from the Executive the Restricted Stock then subject to restrictions hereunder and under the Restricted Stock Agreement immediately upon the termination of the Executive's employment for any reason at a cash price per share equal to the price paid by the Executive for such Restricted Stock; provided, however, that no such right of repurchase shall exist in the event of a termination of employment pursuant to Sections 5.1, 5.2, 5.4, 5.5 or 5.7 hereof.
