Common use of Termination of Repurchase Option Clause in Contracts

Termination of Repurchase Option. The right under this paragraph -------------------------------- 3 of the Company and/or its assignees to repurchase Executive Stock shall terminate upon a Qualified Sale of the Company.

Appears in 4 contracts

Samples: Executive Stock Agreement and Employment Agreement (Focal Communications Corp), Executive Stock Agreement and Employment Agreement (Focal Communications Corp), Executive Stock Agreement and Employment Agreement (Focal Communications Corp)

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Termination of Repurchase Option. The right All rights under this paragraph -------------------------------- 3 of the Company and/or its assignees to repurchase Executive Stock Securities shall terminate upon a Qualified Sale of the Company.

Appears in 3 contracts

Samples: Executive Purchase Agreement (Allegiance Telecom Inc), Executive Purchase Agreement (Allegiance Telecom Inc), Executive Purchase Agreement (Allegiance Telecom Inc)

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