Repurchase Upon Termination. Subject to certain conditions, and provided the sub-distributor is not terminated for cause or in default of any material obligation, sub-distributor agrees to sell and AMD agrees to repurchase products upon termination of agreement.
Repurchase Upon Termination. If any Service Member’s employment or service with the Employer is terminated for any reason, then:
(i) in the event of termination of employment of the Service Member for any reason other by the Employer for Cause, the Company shall have the right, but not the obligation, pursuant to procedures described in Section 7.9(c) above, to purchase all of such Service Member’s Units for an aggregate price equal to the Fair Market Value of such Units to be purchased as of the date of such termination of employment; and
(ii) in the event of termination of employment of the Service Member by the Employer for Cause, the Company shall have the right, but not the obligation, pursuant to procedures described in Section 7.9(c) above, to purchase all of such Service Member’s Units for an aggregate price equal to the lesser of (A) the Fair Market Value of such Units to be purchased as of the date of such termination of employment, and (B) the issue price of such Units.
Repurchase Upon Termination. (a) The Company's Repurchase Option. Until August 30, 1997, in the ------------------------------- event that Participant's employment with the Company and all of its directly or indirectly majority or wholly owned entities (individually, a "Subsidiary," and collectively, the "Subsidiaries") terminates for any reason (including, without limitation, by reason of Participant's death, disability, retirement, voluntary resignation or dismissal by the Company or any of its Subsidiaries, with or without cause), the Company shall have the option (the "Repurchase Option") to purchase from Participant all or any portion of the Shares for a period of 60 days after the effective date of such termination (the effective date of termination is hereinafter referred to as the "Termination Date"). The purchase price (the "Repurchase Price") for each Share to be purchased pursuant to the Repurchase Option shall equal the Fair Market Value (as hereinafter defined) for each Share repurchased hereunder.
Repurchase Upon Termination. Upon termination of this Agreement for any reason, Wxxxxx shall purchase from Redhook all Redhook inventory of Wxxxxx Product, including any Wxxxxx Product in process at the time of termination, at the prices set forth on Exhibit B; provided that all such Wxxxxx Product must be timely delivered and be manufactured in compliance with the terms of this Agreement. If Wxxxxx terminates this Agreement without cause or Redhook terminates this Agreement for cause as defined in Section 11.2, Wxxxxx shall also purchase from Redhook at Redhook’s direct out of pocket costs, the raw materials inventory that is intended to be used by Redhook to manufacture, bottle, or package Wxxxxx Products and is purchased by Redhook prior to the date the notice of termination was delivered; provided that the quantity of raw materials is reasonable and shall not exceed the amount reasonably necessary to manufacture the quantity of Wxxxxx Products reasonably expected to be manufactured by Redhook over the 180 day period immediately following such termination. If this Agreement expires or is terminated for any other reason, no such raw material purchase obligation shall exist.
Repurchase Upon Termination. As promptly as practicable following --------------------------- the termination of Executive's employment for any reason, Executive shall sell to Triton, and Triton shall purchase from Executive, all of the Shares that have not theretofore vested in accordance with the terms of Schedule IV (the ----------- "Unvested Shares") at a price per Share equal to Executive's original per Share purchase price ($0.01).
Repurchase Upon Termination. Following the termination of --------------------------- this Agreement for any reason, each Restricted Holder shall sell to the Company, and the Company shall purchase from each Restricted Holder: (v) first, if and only if the termination occurs prior to the occurrence of an Extraordinary Event, such Restricted Holder's Extraordinary Event Shares, (w) second, if and only if the termination occurs after the occurrence of an Extraordinary Event, such Restricted Holder's Extraordinary Event Shares that have not theretofore vested pursuant to Schedule B; (x) third, such Restricted Holder's Base Shares that have not theretofore vested pursuant to Schedule B, and (y) fourth, the number of shares of Series E Preferred Stock and Class A Common Stock subject to repurchase pursuant to Sections 5(f) and 6(e).
Repurchase Upon Termination. If EATware or PackItGreen terminates this Agreement for cause as defined in Section 12.2, EATware shall (a) purchase from PackItGreen at PackItGreen's direct out of pocket costs, the raw materials inventory that is intended to be used by PackItGreen to manufacture the Product and is purchased by PackItGreen prior to the date the notice of termination was delivered and (b) assume the executory portions of the obligations of PackItGreen for any noncancellable contracts to purchase such raw materials; provided that the quantity of raw materials must be reasonable and shall not exceed the amount reasonably necessary to the quantity of the Product manufactured over the 120 day period immediately preceding such termination. If this Agreement expires or is terminated for any other reason, no purchase obligation shall exist.
Repurchase Upon Termination of Employment of a Partner After the IPO. -------------------------------------------------------------------- After the IPO, the disposition of the Common Stock of any Partner whose employment relationship with the Company ceases for any reason shall be governed exclusively by the Diamond Technology Partners, Inc. Partner Compensation Program, as in effect at the time (the "Partner Compensation Program").
Repurchase Upon Termination of Employment of a Non-Partner Employee ------------------------------------------------------------------- Shareholder After the IPO. -------------------------
Repurchase Upon Termination. If Xxxxxx terminates this Agreement without cause or Redhook terminates this Agreement for cause as defined in Section 12.3, Xxxxxx shall (a) purchase from Redhook at Redhook's direct out of pocket costs, the raw materials inventory that is intended to be used by Redhook to manufacture the Product and is purchased by Redhook prior to the date the notice of termination was delivered and (b) assume the executory portions of the obligations of Redhook for any noncancellable contracts to purchase such raw materials; provided that the quantity of raw materials must be reasonable and shall not exceed the amount reasonably necessary to the quantity of the Product manufactured over the 120 days period immediately preceding such termination. If this Agreement expires or is terminated for any other reason, no purchase obligation shall exist.
