Rights of the Company and the Initial Investors. If the Employee’s employment with the Company terminates for any reason prior to a Public Offering, the Company may elect to purchase all or a portion of the Shares by written notice to the Employee delivered on or before the
Rights of the Company and the Initial Investors. If the Employee’s employment with the Company terminates for any reason prior to a Public Offering, the Company may elect to purchase all or a portion of the Shares by written notice to the Employee delivered on or before the 60th day after the Determination Date (the “First Option Period”). The Initial Investors may elect to purchase all or any portion of the Shares that the Company has not elected to purchase by written notice to the Employee delivered at any time on or before the 80th day after the Determination Date (the “Second Option Period”).
Rights of the Company and the Initial Investors. If the Director’s service on the Board terminates for any reason prior to a Public Offering, the Company may elect to purchase all or a portion of the Shares by written notice to the Director delivered on or before the 60th day after the Director’s termination of service (the “First Option Period”). The CD&R Investors may elect to purchase all or any portion of the Shares that the Company has not elected to purchase by written notice to the Director delivered at any time on or before the 80th day after the Director’s termination of service (the “Second Option Period”).
Rights of the Company and the Initial Investors. If the Employee’s employment with the Company terminates for any reason prior to a Public Offering, the Company may elect to purchase all or a portion of the Shares by written notice to the Employee delivered on or before the 60th day after the Employee’s termination of employment (the “First Option Period”). The CD&R Investors may elect to purchase all or any portion of the Shares that the Company has not elected to purchase by written notice to the Employee delivered at any time on or before the 80th day after the Employee’s termination of employment (the “Second Option Period”).
