Common use of Scope of Repurchase Right Clause in Contracts

Scope of Repurchase Right. All of the Restricted Shares shall be ------------------------- subject to a limited right (but not an obligation) of repurchase by the Company (the "Right of Repurchase"). Xxxxx shall not transfer, assign, encumber or ------------------- otherwise dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to Xxxxx'x spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxx for the benefit of Xxxxx or Xxxxx'x spouse, children or grandchildren, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If Xxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to Xxxxx.

Scope of Repurchase Right. All Five-Sixths (5/6ths) of the ------------------------- Restricted Shares shall be ------------------------- subject to a limited right (but not an obligation) of repurchase by the Company (the "Right of Repurchase"). Xxxxx Xxxxxxx shall not transfer, assign, encumber or ------------------- otherwise dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxx Xxxxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to Xxxxx'x Roberto's spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxx Xxxxxxx for the benefit of Xxxxx Xxxxxxx or Xxxxx'x Roberto's spouse, children or grandchildren, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If Xxxxx Xxxxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to XxxxxXxxxxxx.

Scope of Repurchase Right. All 25/36ths of the Restricted Shares ------------------------- shall be ------------------------- subject to a limited right (but not an obligation) of repurchase by the Company (the "Right of Repurchase"). Xxxxx Xxxxxxx shall not transfer, assign, ------------------- encumber or ------------------- otherwise dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxx Xxxxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to Xxxxx'x Xxxxxxx'x spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxx Xxxxxxx for the benefit of Xxxxx Xxxxxxx or Xxxxx'x Xxxxxxx'x spouse, children or grandchildren, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If Xxxxx Xxxxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to XxxxxXxxxxxx.

Scope of Repurchase Right. All of the The Restricted Shares shall be ------------------------- subject to a ------------------------- limited right (but not an obligation) of repurchase by the Company (the "Right ----- of Repurchase"). Xxxxx Xxxxxxx shall not transfer, assign, encumber or ------------------- otherwise ------------- dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxx Xxxxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to Xxxxx'x Malcolm's spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxx Xxxxxxx for the benefit of Xxxxx Xxxxxxx or Xxxxx'x Malcolm's spouse, children or grandchildren, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If Xxxxx Xxxxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to XxxxxXxxxxxx.

Scope of Repurchase Right. All 25/36ths of the Restricted Shares ------------------------- shall be ------------------------- subject to a limited right (but not an obligation) of repurchase by the Company (the "Right of Repurchase"). Xxxxx Xxxxxxx shall not transfer, assign, encumber or ------------------- otherwise dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxx Xxxxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to Xxxxx'x Xxxxxxx'x spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxx Xxxxxxx for the benefit of Xxxxx Xxxxxxx or Xxxxx'x Xxxxxxx'x spouse, children or grandchildren, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If Xxxxx Xxxxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to XxxxxXxxxxxx.