Common use of Repurchase Option Clause in Contracts

Repurchase Option. (i) In the event of the voluntary or involuntary termination of Purchaser's employment or consulting relationship with the Company for any reason (including death or disability), with or without cause, the Company shall upon the date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") to repurchase all or any portion of ----------------- the Shares held by Purchaser as of the Termination Date which have not yet been released from the Company's Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 6 contracts

Samples: Common Stock Purchase Agreement (Onvia Com Inc), Common Stock Purchase Agreement (Onvia Com Inc), Common Stock Purchase Agreement (Onvia Com Inc)

AutoNDA by SimpleDocs

Repurchase Option. (i) In the event of the voluntary or involuntary termination of Purchaser's employment or consulting relationship with the Company for any reason (including death or disability), with or without cause, the Company shall upon the date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option ---------------- (the "Repurchase Option") to repurchase all or any portion of ----------------- the Shares held by ----------------- Purchaser as of the Termination Date which have not yet been released from the Company's Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (Onvia Com Inc), Common Stock Purchase Agreement (Onvia Com Inc), Common Stock Purchase Agreement (Onvia Com Inc)

Repurchase Option. (i) In the event of the voluntary or involuntary termination of Purchaser's employment or consulting relationship with the Company for any reason (including death or disability), with or without cause, the Company shall upon have an irrevocable, exclusive option (the "Repurchase Option") for a period of 60 days from the effective date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") to repurchase all or any portion of ----------------- the Shares held by Purchaser as of the Termination Date which have not yet been released from the Company's Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement (Simplex Solutions Inc), Restricted Stock Purchase Agreement (Simplex Solutions Inc), Restricted Stock Purchase Agreement (Simplex Solutions Inc)

Repurchase Option. (i) In the event of the voluntary or involuntary termination of Purchaser's Shareholder’s employment or consulting relationship with the Company for any reason (including death or disability), with or without cause, the Company shall upon the date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") to repurchase all or any portion of ----------------- the Shares held by Purchaser Shareholder as of the Termination Date which have not yet been released from the Company's ’s Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 2 contracts

Samples: Stock Restriction Agreement (Hoku Scientific Inc), Stock Restriction Agreement (Hoku Scientific Inc)

Repurchase Option. (i) In the event of the voluntary or involuntary termination of If Purchaser's employment Continuous Status as an Employee or consulting relationship with the Company Consultant terminates for any reason (including for cause, death or disability), with or without cause, the Company shall upon the date of such termination (the "Termination Date") have an ---------------- irrevocable, ---------------- exclusive option (the "Repurchase Option") for a period of 60 days ----------------- from such date to repurchase all or any portion of ----------------- the Unvested Shares held by Purchaser as of the Termination Date which have not yet been released from the Company's Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 2 contracts

Samples: Joint Escrow Instructions (Crossworlds Software Inc), Joint Escrow Instructions (Crossworlds Software Inc)

Repurchase Option. (i) In Subject to Section 1(b)(iv)-(v) below, in the event of the voluntary or involuntary termination of Purchaser's employment or consulting relationship with the Company Stockholder ceases for any reason (including death or permanent disability), with or without cause) to be a Service Provider, the Company shall upon the date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") to repurchase all or any portion of ----------------- the Shares held by Purchaser the Stockholder as of the Termination Date which have not yet been released from the Company's ’s Repurchase Option at the original purchase a price per Share specified in Section 1 share [paid by the Stockholder for the Shares] (as adjusted for any stock splits, stock dividends and the like) (the “Repurchase Price”).

Appears in 2 contracts

Samples: Stock Restriction Agreement (Homeunion Holdings, Inc.), Stock Restriction Agreement (Homeunion Holdings, Inc.)

Repurchase Option. (i) In the event of the voluntary or involuntary termination of Purchaser's employment or consulting relationship ’s Continuous Service Status with the Company for any reason (including death or disabilityDisability), with or without causeCause, the Company shall upon the date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") for a period of 3 months from such date to repurchase all or any portion of ----------------- the Unvested Shares (as defined below) held by Purchaser as of the Termination Date which have not yet been released from the Company's Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).) specified in Section 2. As used herein, “

Appears in 1 contract

Samples: Exercise Agreement (Confluent, Inc.)

Repurchase Option. (i) In the event of the voluntary or involuntary termination of Purchaser's employment or consulting relationship with the Company for any reason (including death or disability), with or without cause, the Company shall upon have an irrevocable, exclusive option (the "Repurchase Option") for a period of 60 days from the effective date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") to repurchase all ail or any portion of ----------------- the Shares held by Purchaser as of the Termination Date which have not yet been released from the Company's Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Simplex Solutions Inc)

AutoNDA by SimpleDocs

Repurchase Option. (i) In the event of the voluntary or involuntary termination of Purchaser's ’s employment or consulting relationship with the Company for any reason (including death or disability), with or without cause, the Company shall upon the date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") for period of 90 days from such date to repurchase all or any portion of ----------------- the Shares held by Purchaser as of the Termination Date which have not yet been released from the Company's ’s Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 1 contract

Samples: Agreement (Nexx Systems Inc)

Repurchase Option. (i) 1. In the event of the voluntary or involuntary termination of Purchaser's ’s employment or consulting relationship with the Company for any reason (including death or disability), with or without cause, the Company shall upon the date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") for a period of 90 days from such date to repurchase all or any portion of ----------------- the Shares held by Purchaser as of the Termination Date which have not yet been released from the Company's ’s Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 1 contract

Samples: Stock Plan (Expensify, Inc.)

Repurchase Option. (ia) In the event of the voluntary or involuntary termination of Purchaser's employment or consulting relationship with the Company ’s Continuous Service for any reason (including death or disability), with or without cause, the Company shall upon the date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") for a period of 90 days from such date to repurchase all or any portion of ----------------- the Shares held by Purchaser as of the Termination Date which have not yet been released from the Company's ’s Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Ap Pharma Inc /De/)

Repurchase Option. (i) In the event of the voluntary or involuntary termination of Purchaser's employment or consulting relationship with the Company ’s Service for any reason (including death or disabilityDisability (as defined in the Sub-Plan to the Restated 2004 Stock Incentive Plan), with or without cause, the Company shall upon the date of such termination (the "Termination Date") have an irrevocable, ---------------- exclusive option (the "Repurchase Option") for a period of three (3) months from such date to repurchase any or all or any portion of ----------------- the Shares held by Purchaser as of the Termination Date which have not yet been released from the Company's ’s Repurchase Option at the original purchase price per Share specified in Section 1 (adjusted for any stock splits, stock dividends and the like).

Appears in 1 contract

Samples: 2004 Stock Incentive Plan (EnergyConnect Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!