Rights of the Company and the Investor. 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 Investor 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”).
Appears in 2 contracts
Samples: Employee Stock Subscription Agreement (VWR International, Inc.), Employee Stock Subscription Agreement (VWR International, Inc.)
Rights of the Company and the Investor. 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 Covered Options by written notice to the Employee delivered at any time on or before the 60th 40th day after the Determination Date (the “First Option Purchase Period”). The Investor may elect to purchase all or any portion of the Shares Covered Options that the Company has not elected to purchase by written notice to the Employee delivered at any time on or before the 80th 60th day after the Determination Date (the “Second Option Period”)Date.
Appears in 2 contracts
Samples: Employee Stock Option Agreement (VWR International, Inc.), Employee Stock Option Agreement (VWR International, Inc.)
