Common use of Scope of Repurchase Right Clause in Contracts

Scope of Repurchase Right. 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"). Xxxxxxx shall not transfer, assign, encumber or otherwise dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to Roberto's spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxxxx for the benefit of Xxxxxxx or 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 Xxxxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to Xxxxxxx.

Scope of Repurchase Right. Five-Sixths (5/6ths) 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"). Xxxxxxx Xxxxx shall not transfer, assign, encumber or ------------------- otherwise dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxxxx Xxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to Roberto's Xxxxx'x spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxxxx Xxxxx for the benefit of Xxxxxxx Xxxxx or Roberto's 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 Xxxxxxx Xxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to XxxxxxxXxxxx.

Scope of Repurchase Right. Five-Sixths (5/6ths) 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"). Xxxxxxx shall not transfer, assign, encumber or otherwise dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to Roberto's Xxxxxxx'x spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxxxx for the benefit of Xxxxxxx or Roberto's 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 Xxxxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to Xxxxxxx.

Scope of Repurchase Right. Five-Sixths (5/6ths) 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"). Xxxxxxx shall not transfer, assign, ------------------- encumber or otherwise dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to Roberto's Xxxxxxx'x spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxxxx for the benefit of Xxxxxxx or Roberto's 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 Xxxxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to Xxxxxxx.

Scope of Repurchase Right. Five-Sixths (5/6ths) 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"). Xxxxxxx shall not transfer, assign, encumber or otherwise ------------- dispose of any unvested Restricted Shares, except as provided in the following sentence. Xxxxxxx may transfer any Restricted Shares, subject to the Right of Repurchase, (i) by beneficiary designation, will or intestate succession or (ii) to RobertoMalcolm's spouse, children or grandchildren or to a trust or family limited partnership established by Xxxxxxx for the benefit of Xxxxxxx or RobertoMalcolm'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 Xxxxxxx transfers any Restricted Shares, then this Section 1 shall apply to the Transferee to the same extent as to Xxxxxxx.