Scope of Repurchase Right. In the event that the Founder ceases to be a Company Person, the Restricted Shares shall be subject to a right (but not an obligation) of repurchase by the Company, at a price and on the other terms and conditions set forth below (the “Repurchase Right”). Exercise by the Company of the Repurchase Right shall require approval by a majority of the Board.
Appears in 2 contracts
Samples: Stock Restriction Agreement (Sigilon Therapeutics, Inc.), Stock Restriction Agreement (Sigilon Therapeutics, Inc.)
Scope of Repurchase Right. In the event that the Founder or Consultant ceases to be a Company Person, the Restricted Shares shall be subject to a right (but not an obligation) of repurchase by the Company, at a price and on the other terms and conditions set forth below (the “Repurchase Right”). Exercise by the Company of the Repurchase Right shall require approval by a majority of the Board.
Appears in 2 contracts
Samples: Stock Restriction Agreement (Sigilon Therapeutics, Inc.), Stock Restriction Agreement (Sigilon Therapeutics, Inc.)
