Common use of Termination of Repurchase Option Clause in Contracts

Termination of Repurchase Option. The right of Holdings to repurchase Executive Securities pursuant to this paragraph 4.B shall terminate upon the first to occur of (i) the Sale of Holdings, or (ii) the Sale of the Company. The Repurchase Option set forth in this paragraph 4.B will continue with respect to such Executive Securities following any transfer thereof other than a transfer to Holdings.

Appears in 1 contract

Samples: Employment Agreement (CTN Media Group Inc)

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Termination of Repurchase Option. The right of Holdings to repurchase Executive Securities pursuant to this paragraph 4.B 6 shall terminate upon the first to occur of FIRST TO OCCUR OF (i) the Sale of Holdings, or (ii) the Sale of the Company. The Repurchase Option set forth in this paragraph 4.B 6 will continue with respect to such Executive Securities following any transfer thereof other than a transfer to Holdings.

Appears in 1 contract

Samples: Employment Agreement (CTN Media Group Inc)

Termination of Repurchase Option. The right of Holdings to -------------------------------- repurchase Unvested Executive Securities pursuant to this paragraph 4.B 7 shall terminate upon the first to occur of (i) the Sale of Holdings, or (ii) the Sale ----------------- of the Company. The Repurchase Option set forth in this paragraph 4.B 7 will continue with respect to such the Unvested Executive Securities following any transfer thereof other than a transfer to Holdings.

Appears in 1 contract

Samples: Employment Agreement (College Television Network Inc)

Termination of Repurchase Option. The right of Holdings to -------------------------------- repurchase Unvested Executive Securities pursuant to this paragraph 4.B 6 shall terminate upon the first to occur of (i) the Sale of Holdings, or (ii) the Sale ----------------- of the Company. The Repurchase Option set forth in this paragraph 4.B 6 will continue with respect to such Executive Securities following any transfer thereof other than a transfer to Holdings.

Appears in 1 contract

Samples: Employment Agreement (College Television Network Inc)

Termination of Repurchase Option. The right of Holdings to -------------------------------- repurchase Executive Securities Management Units pursuant to this paragraph 4.B 5 shall terminate upon the first to occur of (i) the Sale of Holdings, or (ii) the Sale of the Company. The Repurchase Option set forth in this paragraph 4.B 6 will continue with respect to such Executive Securities Management Units following any transfer thereof other than a transfer to Holdings.

Appears in 1 contract

Samples: Consulting and Equity Purchase Agreement (College Television Network Inc)

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Termination of Repurchase Option. The right of Holdings to -------------------------------- repurchase Executive Securities pursuant to this paragraph 4.B 7 shall terminate upon the first ----- to occur of (i) the Sale of Holdings, or (ii) the Sale of the Company. The ----------- Repurchase Option set forth in this paragraph 4.B 7 will continue with respect to such Executive Securities following any transfer thereof other than a transfer to Holdings.

Appears in 1 contract

Samples: Employment Agreement (College Television Network Inc)

Termination of Repurchase Option. The right of Holdings to -------------------------------- repurchase Executive Securities Management Units pursuant to this paragraph 4.B 6 shall terminate upon the first to occur of (i) the Sale of Holdings, or (ii) the Sale of the Company. The Repurchase Option set forth in this paragraph 4.B 6 will continue with respect to such Executive Securities Management Units following any transfer thereof other than a transfer to Holdings.

Appears in 1 contract

Samples: Employment Agreement (College Television Network Inc)

Termination of Repurchase Option. The right of Holdings to repurchase -------------------------------- Unvested Executive Securities pursuant to this paragraph 4.B 7 shall terminate upon the first to occur of (i) the Sale of Holdings, or (ii) the Sale of the Company. ----------------- The Repurchase Option set forth in this paragraph 4.B 7 will continue with respect to such Executive Securities following any transfer thereof other than a transfer to Holdings.

Appears in 1 contract

Samples: Employment Agreement (College Television Network Inc)

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