Termination of Repurchase Option. The rights under this Section 3 of the LLC and/or its assignees to repurchase Vested Securities (but not Unvested Securities) shall terminate upon the consummation of a Public Offering. All rights under this Section 3 of the LLC and/or its assignees to repurchase Executive Securities (including both Vested Securities and Unvested Securities) shall terminate upon a Qualified Sale of the Corporation.
Appears in 6 contracts
Samples: Executive Purchase Agreement (Choice One Communications Inc), Executive Purchase Agreement (Choice One Communications Inc), Executive Purchase Agreement (Choice One Communications Inc)
Termination of Repurchase Option. The rights under this Section paragraph 3 of the LLC and/or its assignees to repurchase Vested Securities (but not Unvested Securities) shall terminate upon the consummation of a Public Offering. All rights under this Section paragraph 3 of the LLC and/or its assignees to repurchase Executive Securities (including both Vested Securities and Unvested Securities) shall terminate upon a Qualified Sale of the CorporationCompany.
Appears in 4 contracts
Samples: Executive Purchase Agreement (Allegiance Telecom Inc), Executive Purchase Agreement (Allegiance Telecom Inc), Executive Purchase Agreement (Allegiance Telecom Inc)
