Common use of Repurchase of Shares upon Termination Clause in Contracts

Repurchase of Shares upon Termination. of Employment with -------------------------------------------------------- Subsidiary. Upon termination of Shareholder's employment with the Subsidiary, ---------- the Company shall have an option, but shall not be obligated, to repurchase (the "Purchase Option") from Shareholder or Shareholder's personal representative all or a portion of Shareholder's Shares, as set forth in the following subparagraphs.