Termination of Repurchase Option. All rights and obligations created pursuant to this Section 4 shall be extinguished upon the earlier of (i) a Sale of the Company or (ii) the consummation of an Initial Public Offering.
Appears in 4 contracts
Samples: Executive Stock Agreement (Town Sports International Holdings Inc), Executive Stock Agreement (Town Sports International Holdings Inc), Executive Stock Agreement (Town Sports International Holdings Inc)
Termination of Repurchase Option. All rights and obligations created pursuant to The provisions of this Section 4 shall be extinguished will terminate upon the earlier of (i) the consummation of a Public Offering and (ii) a Sale of the Company or (ii) the consummation of an Initial Public OfferingCompany.
Appears in 2 contracts
Samples: Stock Option Agreement (Therma Wave Inc), Stock Option Agreement (Therma Wave Inc)
Termination of Repurchase Option. All rights and obligations created pursuant to this Section 4 2 shall be extinguished upon the earlier of (i) a Sale of the Company or (ii) the consummation of an Initial Public Offering.
Appears in 1 contract
Samples: Executive Stock Agreement (Town Sports International Holdings Inc)
Termination of Repurchase Option. All rights and obligations created pursuant to The provisions of this Section 4 shall be extinguished will terminate upon the earlier of (i) a Sale of the Company or (ii) the consummation of an Initial a Qualified Public Offering.
Appears in 1 contract
Termination of Repurchase Option. All rights and obligations created pursuant to this Section 4 3 shall be extinguished upon the earlier of (i) a Sale of the Company or (ii) the consummation of an Initial Public Offering.
Appears in 1 contract
Samples: 2003 Executive Stock Agreement (Town Sports International Holdings Inc)
