Common use of Repurchase Procedure Clause in Contracts

Repurchase Procedure. Upon notice from the Company of exercise of -------------------- its rights under this Section 8 and determination of the purchase price for the Shares so repurchased, the Optionee shall transfer the Shares or appropriate part thereof to the Company against payment by the Company of the purchase price therefor. If upon the expiration of the 90-day period following the Optionee's termination of employment the Company shall have failed to elect to repurchase all of the Shares, the repurchase rights with respect to the Shares not so elected to be repurchased imposed by this Section 8 shall terminate, and the Optionee or his or her legal representatives may thereafter transfer such Shares. The Optionee or his or her legal representatives may in no event transfer any Shares prior thereto, other than to the Company.

Repurchase Procedure. Upon notice from the Company of exercise of its -------------------- its rights under this Section 8 5 and determination of the purchase price for the Option Shares so repurchased, the Optionee Participant shall transfer the Option Shares or appropriate part thereof to the Company against payment by the Company of the purchase price therefor. If upon the expiration of the 90-day period following the OptioneeParticipant's termination of employment the Company shall have failed to elect to repurchase all of the Option Shares, the repurchase rights with respect to the Option Shares not so elected to be repurchased imposed by this Section 8 5 shall terminate, and the Optionee Participant or his or her legal representatives may thereafter transfer such Option Shares. The Optionee Participant or his or her legal representatives may in no event transfer any Option Shares prior thereto, other than to the Company.

Repurchase Procedure. Upon notice from the Company of exercise of -------------------- its rights under this Section 8 7 and determination of the purchase price for the Shares so repurchased, the Optionee shall transfer the Shares or appropriate part thereof to the Company against payment by the Company of the purchase price therefor. If upon the expiration of the 90-day period following the Optionee's ’s termination of employment the Company shall have failed to elect to repurchase all of the Shares, the repurchase rights with respect to the Shares not so elected to be repurchased imposed by this Section 8 7 shall terminate, and the Optionee or his or her legal representatives may thereafter transfer such Shares. The Optionee or his or her legal representatives may in no event transfer any Shares prior thereto, other than to the Company.