Common use of Repurchase Right on Termination Other Than for Cause Clause in Contracts

Repurchase Right on Termination Other Than for Cause. For the purposes of this Section, a "Repurchase Event" shall mean an occurrence of one of (i) termination of Grantee's employment or service as a director/consultant by the Company, voluntary or involuntary and with or without cause; (ii) retirement or death of Grantee; (iii) bankruptcy of Grantee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is filed with a court of competent jurisdiction; (iv) dissolution of the marriage of Grantee, to the extent that any of the Shares are allocated as the sole and separate property of Grantee's spouse pursuant thereto (in which case, this Section shall only apply to the Shares so affected); or (v) any attempted transfer by the Grantee of Shares, or any interest therein, in violation of this Agreement. Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to repurchase all or any portion of the Shares of Grantee at a price equal to the fair value of the Shares as of the date of the Repurchase Event.

Repurchase Right on Termination Other Than for Cause. For the purposes of this Section, a "“Repurchase Event" ” shall mean an occurrence of one of (i) termination of Grantee's Optionee’s employment or service as a director/consultant by the Company, voluntary or involuntary and with or without cause; (ii) retirement or death of GranteeOptionee; (iii) bankruptcy of GranteeOptionee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is filed with a court of competent jurisdiction; (iv) dissolution of the marriage of GranteeOptionee, to the extent that any of the Shares are allocated as the sole and separate property of Grantee's Optionee’s spouse pursuant thereto (in which case, case this Section shall only apply to the Shares so affected); or (v) any attempted transfer by the Grantee Optionee of Shares, or any interest therein, in violation of this Agreement. Agreement Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to repurchase all or any portion of the Shares of Grantee Optionee at a price equal to the fair value of the Shares as of the date of the Repurchase Event.

Repurchase Right on Termination Other Than for Cause. For the purposes of this Section, a "“Repurchase Event" ” shall mean an occurrence of one of (i) termination of Grantee's ’s employment [or service as a director/consultant consultant] by the Company, voluntary or involuntary and with or without cause; (ii) retirement or death of Grantee; (iii) bankruptcy of Grantee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is filed with a court of competent jurisdiction; (iv) dissolution of the marriage of Grantee, to the extent that any of the Shares are allocated as the sole and separate property of Grantee's ’s spouse pursuant thereto (in which case, this Section shall only apply to the Shares so affected); or (v) any attempted transfer by the Grantee of Shares, or any interest therein, in violation of this Agreement. Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to repurchase purchase all or any portion of the Shares of Grantee Grantee, at a price equal to the fair value of the Shares as of the date of the Repurchase Event.

Repurchase Right on Termination Other Than for Cause. For the purposes of this Section, a "Repurchase EventREPURCHASE EVENT" shall mean an occurrence of one of (i) termination of Grantee's employment or service as a director[OR SERVICE AS A DIRECTOR/consultant CONSULTANT] by the Company, voluntary or involuntary and with or without cause; (ii) retirement or death of Grantee; (iii) bankruptcy of Grantee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is filed with a court of competent jurisdiction; (iv) dissolution of the marriage of Grantee, to the extent that any of the Shares are allocated as the sole and separate property of Grantee's spouse pursuant thereto (in which case, this Section shall only apply to the Shares so affected); or (v) any attempted transfer by the Grantee of Shares, or any interest therein, in violation of this Agreement. Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to repurchase all or any portion of the Shares of Grantee at a price equal to the fair value of the Shares as of the date of the Repurchase Event.

Repurchase Right on Termination Other Than for Cause. For the purposes of this Section, a "Repurchase Event" shall mean an occurrence of one of (i) termination retirement or death of Grantee's employment or service as a director/consultant by the Company, voluntary or involuntary and with or without causeOptionee; (ii) retirement or death of Grantee; (iii) bankruptcy of GranteeOptionee, which shall be deemed to have occurred as of the date on which a voluntary or involuntary petition in bankruptcy is filed with a court of competent jurisdiction; (iviii) dissolution of the marriage of GranteeOptionee, to the extent that any of the Shares are allocated as the sole and separate property of GranteeOptionee's spouse pursuant thereto (in which case, this Section shall only apply to the Shares so affected); or (viv) any attempted transfer by the Grantee Optionee of Shares, or any interest therein, in violation of this Agreement. Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to repurchase all or any portion of the Shares of Grantee Optionee at a price equal to the fair value of the Shares as of the date of the Repurchase Event.