Share Repurchase Option Clause Samples

Share Repurchase Option. If the Optionee ceases to provide services to a Participating Company for any reason (including, but not limited to, termination by the Company with or without cause, death, disability and voluntary resignation), or if the Optionee or the Optionee’s legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of (other than pursuant to a Transfer of Control) any shares acquired upon exercise of the Option without complying with this Agreement, the Company shall have the right to repurchase the shares purchased pursuant to this Agreement under the terms and subject to the conditions of this Section 7. The repurchase option granted hereby is hereinafter referred to as the “Share Repurchase Option”.

Share Repurchase Option. In the event HCAM chooses to affect the Sponsor Share Purchases, HCAM shall have the option, in its sole discretion, to require GCAC to repurchase on the closing date of the Acquisitions all or any part of the shares acquired by HCAM through the Sponsor Share Purchases for an aggregate purchase price equal to the aggregate purchase price paid by HCAM for such shares (the “Share Repurchase Option”); provided, however, that such purchase shall be subject to the approval of a majority of the disinterested members of the Board if the purchase price for such shares is more than five percent (5%) greater than the per share amount to be received by GCAC shareholders that exercise their option to convert their shares to cash in accordance with the terms of GCAC’s Amended and Restated Certificate of Incorporation. The Share Repurchase Option may only be exercised by written notification from HCAM to GCAC that HCAM has chosen to exercise the Share Repurchase Option with respect to all or any part of the GCAC shares acquired through the Sponsor Share Purchases within one day prior to the Special Meeting. In the event HCAM exercises the Share Repurchase Option it will relinquish all of its rights under the Permanent Financing Exchange.

Share Repurchase Option. In the event the Optionee's employment with the Company is terminated for any reason, with or without cause, or if the Optionee or the Optionee's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of any Shares acquired upon exercise of the Option, the Company shall have the right to reacquire the Shares under the terms and subject to the conditions set forth in this Section 7.

Share Repurchase Option. On or after September 3, 2014, the Selling Shareholders and the Option Holders shall have the option upon written notice to Parent to put to Parent the Closing Shares and the Contingent Shares that have vested owned by such Selling Shareholders and Option Holders, in whole or in part, at a price of $6.75 per share (subject to adjustment for stock dividends, stock splits, reverse stock splits, combinations and the like) in the event Parent fails to consummate an underwritten initial public offering of shares of Parent Common Stock (the “IPO”) prior to the first anniversary of the Closing (the “Share Purchase Option”); provided, that the Share Purchase Option shall expire on the earlier of (i) March 1, 2016 and (ii) the closing of the IPO. Parent, on the one hand, and Selling Shareholders and the Option Holders, on the other hand, shall have ninety (90) days from the receipt by Parent of such written notice from the Selling Shareholders and the Option Holders to close on the share sale and shall use commercially reasonable efforts to close within such time period.

Share Repurchase Option