Common use of Repurchase Options Clause in Contracts

Repurchase Options. In addition to any restrictions imposed by the Bylaws of the Company, the Company has two independent options to repurchase the Repurchasable Stock: Performance; and Time-Based (collectively referred to herein as the "Repurchase Options"). Each reference to Repurchasable Stock in this Agreement shall mean the number of shares of Repurchasable Stock after giving effect to any adjustment in the aggregate number of shares of Repurchasable Stock as a result of the exercise of any of the preceding Repurchase Options. The Repurchase Options may be triggered by one of the following Repurchase Events ("Repurchase Event"):

Repurchase Options. In addition to any restrictions imposed by the Bylaws of the CompanyCompany and indemnification and holdback provisions contained in the Stock Purchase Agreement, the Company has two independent options to repurchase the Repurchasable Stock: Performance; and Time-Based (collectively referred to herein as the "“Repurchase Options"”). Each reference to Repurchasable Stock in this Agreement shall mean the number of shares of Repurchasable Stock after giving effect to any adjustment in the aggregate number of shares of Repurchasable Stock as a result of the exercise of any of the preceding Repurchase Options. The Repurchase Options may be triggered by one of the following Repurchase Events ("“Repurchase Event"”):