Repurchase; Repurchase Option Sample Clauses

Repurchase; Repurchase Option. In the event that Grantee's employment with the Company is terminated for any reason, the Option Shares held by Grantee and Grantee's Permitted Transferees (collectively, the "Grantee Group") will be repurchased by the Company pursuant to the terms and conditions set forth in this Section 6 (the "Repurchase") at a price per share equal to the Fair Market Value thereof determined as of the Termination Date; provided that, in the case of a Termination for Cause by the Company or a voluntary termination of employment by Grantee (other than due to Retirement), such Repurchase shall be at the option of the Company (the "Repurchase Option").