Common use of Restrictions on Repurchase Clause in Contracts

Restrictions on Repurchase. Notwithstanding anything to the contrary contained in this Agreement, all repurchases of Unvested Shares by ACP shall be subject to applicable restrictions contained in the Delaware General Corporation Law and in the applicable debt and equity financing agreements of the Company Group. If any such restrictions prohibit the repurchase of Executive Shares hereunder that ACP is otherwise entitled or required to make hereunder, ACP may repurchase such Executive Shares as soon as it is permitted to do so under the Delaware General Corporation Law or such applicable agreement restrictions.

Appears in 9 contracts

Samples: Employment Agreement and Restricted Stock Grant (Deeter Foundry Inc), Employment Agreement and Restricted Stock Grant (Deeter Foundry Inc), Employment Agreement and Restricted Stock Grant (Deeter Foundry Inc)

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