Common use of Repurchase of Vested Shares Clause in Contracts

Repurchase of Vested Shares. Subject to Sections 6(e) and 7 hereof, following the Termination of Employment due to death or Disability described above, any Class A Shares held by the Employee as a result of the vesting of Class A Restricted Shares may be repurchased by the Company at any time and from time to time following the date of such Termination of Employment at a purchase price per Class A Share equal to the Fair Market Value of such Class A Share as of the date of such Termination of Employment.

Appears in 4 contracts

Samples: Restricted Share Agreement, Restricted Share Agreement (Intelsat LTD), Restricted Share Agreement (Intelsat LTD)

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