Common use of REPURCHASE RIGHTS OF THE COMPANY Clause in Contracts

REPURCHASE RIGHTS OF THE COMPANY. (a) Upon the Termination of Employment at any time on or after the Bonus Date and for any reason, the Company shall have the right to repurchase from the Stockholder, and the Stockholder will at the request of the Company sell to the Company all (but not less than all) of the Shares at a purchase price per Share equal to the Market Value Per Share. (b) Upon the occurrence of a Bonus Shortfall Event, the Company shall have the right to repurchase from the Stockholder, and the Stockholder will at the request of the Company, sell to the Company all (but not less than all) of the Shortfall Shares at a purchase price per Share equal to the Original Purchase Price Per Share plus interest on such amount from the date hereof to the date of repurchase at the rate of 5% per annum.

REPURCHASE RIGHTS OF THE COMPANY. (a) Upon the Termination of Employment at any time on or after the Bonus Date and for any reason, the Company shall have the right to repurchase from the Stockholder, and the Stockholder will at the request of the Company sell to the Company all (but not less less, than all) of the Shares at a purchase price per Share equal to the Market Value Per Share. (b) Upon the occurrence of a Bonus Shortfall Event, the Company shall have the right to repurchase from the Stockholder, and the Stockholder will at the request of the Company, sell to the Company all (but not less than all) of the Shortfall Shares at a purchase price per Share equal to the Original Purchase Price Per Share plus interest on such amount from the date hereof to the date of repurchase at the rate of 5% per annum.