Common use of Repurchase Option Clause in Contracts

Repurchase Option. In the event of any voluntary or involuntary termination of the Optionee’s Business Relationship with the Company for any or no reason, including by reason of death or disability, the Company shall, upon and from the date of such termination (as reasonably fixed and determined by the Company) have an irrevocable, exclusive, assignable option (the “Repurchase Option”) for a period of ninety (90) days following the termination of such Business Relationship (the “Repurchase Option Period”) to repurchase all or any portion of the Unvested Units held by the Optionee at the original purchase price per unit paid by the Optionee. Such option may be exercised by the Company by sending written notice to the Optionee, which notice shall specify the number of Unvested Units being so repurchased and which notice shall be accompanied by the Company’s check for the purchase price of those units. Upon the sending of such notice and check, the Company shall become the legal and beneficial owner of the Unvested Units being repurchased and all rights and interests therein or relating thereto, and the Company shall have the right to retain and transfer to its own name the number of Unvested Units being repurchased by the Company.

Repurchase Option. In the event of any voluntary or involuntary termination of the OptioneeEmployee’s Business Relationship with employment by the Company for any or no reason, including by reason of death or disability, the Company shall, upon and from the date of such termination (as reasonably fixed and determined by the Company) have an irrevocable, exclusive, assignable option (the “Repurchase Option”) for a period of ninety (90) days following the termination of such Business Relationship (the “Repurchase Option Period”) to repurchase all or any portion of the Employee’s Unvested Units held by the Optionee Shares at the original purchase price per unit share paid by the OptioneeEmployee. Such option may be exercised by the Company by sending written notice to the OptioneeEmployee, which notice shall specify the number of Unvested Units Shares being so repurchased and which notice shall be accompanied by the Company’s check for the purchase price of those unitsshares. Upon the sending of such notice and check, the Company shall become the legal and beneficial owner of the Unvested Units Shares being repurchased and all rights and interests therein or relating thereto, and the Company shall have the right to retain and transfer to its own name the number of Unvested Units Shares being repurchased by the Company.

Repurchase Option. In the event of any voluntary or involuntary termination of the Optionee’s 's Business Relationship with the Company or any Related Corporation for any or no reason, including by reason of death or disability, the Company shall, upon and from the date of such termination (as reasonably fixed and determined by the Company) have an irrevocable, exclusive, assignable option (the “"Repurchase Option”") for a period of ninety (90) days following the termination of such Business Relationship (the “"Repurchase Option Period”") to repurchase all or any portion of the Unvested Units Shares held by the Optionee at the original purchase price per unit share paid by the Optionee. Such option may be exercised by the Company by sending written notice to the Optionee, which notice shall specify the number of Unvested Units Shares being so repurchased and which notice shall be accompanied by the Company’s 's check for the purchase price of those unitsshares. Upon the sending of such notice and check, the Company shall become the legal and beneficial owner of the Unvested Units Shares being repurchased and all rights and interests therein or relating thereto, and the Company shall have the right to retain and transfer to its own name the number of Unvested Units Shares being repurchased by the Company.

Repurchase Option. In the event of any voluntary or involuntary termination of the OptioneeParticipant’s Business Relationship with the Company for any or no reason, including by reason of death or disability, the Company shall, upon and from the date of such termination (as reasonably fixed and determined by the Company) have an irrevocable, exclusive, assignable option (the “Repurchase Option”) for a period of ninety (90) days following the termination of such Business Relationship (the “Repurchase Option Period”) to repurchase all or any portion of the Participant’s Unvested Units held by the Optionee Shares at the original purchase price per unit share paid by the OptioneeParticipant. Such option may be exercised by the Company by sending written notice to the OptioneeParticipant, which notice shall specify the number of Unvested Units Shares being so repurchased and which notice shall be accompanied by the Company’s check for the purchase price of those unitsshares. Upon the sending of such notice and check, the Company shall become the legal and beneficial owner of the Unvested Units Shares being repurchased and all rights and interests therein or relating thereto, and the Company shall have the right to retain and transfer to its own name the number of Unvested Units Shares being repurchased by the Company.