Termination of Repurchase Right. The rights of the Company and the Investors to repurchase Executive Units pursuant to this Section 3 shall terminate upon a Sale of the Company.
Termination of Repurchase Right. The rights of Holdings, ACR ------------------------------- Management and Bain/ACR to repurchase Executive Units pursuant to this Section 3 shall terminate upon the earlier of (i) a Sale of the Company or (ii) a Public Offering.
Termination of Repurchase Right. The right of the Company and the Investors to repurchase shares of Repurchase Shares pursuant to this Section 9 shall terminate upon the consummation of a Change of Control.
Termination of Repurchase Right. The Call Option, and the associated rights of the Calling Person to purchase Executive Securities pursuant to Section 9(b) shall terminate upon the completion of a Public Sale or a Sale of the Company.
Termination of Repurchase Right. The provisions of this Section 3 will terminate at the time of a Sale of the Company or a Qualified Initial Public Offering if Executive is still employed at the Company or any of its Subsidiaries at the time of such Sale of the Company or a Qualified Initial Public Offering, as the case may be.
Termination of Repurchase Right. The repurchase right set forth in this Section 2.5 shall terminate upon the earliest of the following: (i) the written agreement of the Company and Participant, or (ii) the Initial Public Offering.
Termination of Repurchase Right. In addition, the Repurchase Right shall terminate and cease to be exercisable with respect to any and all Purchased Shares in which Optionee vests in accordance with the Vesting Schedule, subject, however, to Section 4(g). All Purchased Shares as to which the Repurchase Right lapses shall, however, remain subject to (i) the First Refusal Right and (ii) the Market Stand-Off.
Termination of Repurchase Right. The Repurchase Right shall terminate with respect to any Management Purchased Shares for which notice of exercise is not timely delivered by the Investor within the Repurchase Right Period. In addition, if the Investor assigns any of its rights under a Note to any third party who is not an affiliate of the Investor or is a direct competitor of the Company in the PRC, the Repurchase Rights shall automatically terminate with respect to such portion of the Note that has been assigned. For the avoidance of doubt, a Transfer of any Management Purchased Shares for the purpose of enforcing a security interest under the Security Documents or any pledge of a Note (or the grant of any other security interests in respect of a Note) by the Investor to any third party shall not constitute an assignment for purposes of such automatic termination.
Termination of Repurchase Right. Upon the death, Disability or Constructive Termination of the Optionee or upon the termination by the Company or its subsidiaries of the Optionee’s employment with the Company and its subsidiaries without Cause, all Repurchasable Shares at the time of such death, Disability or constructive or actual termination shall become Non-Repurchasable Shares.
Termination of Repurchase Right. The Repurchase Right shall terminate automatically with respect to any Shares for which the Repurchase Right is not timely exercised under Paragraph 21(b)(i). In addition, the Repurchase Right shall terminate on the consummation by the Company of an underwritten initial public offering of its common stock, registered under the Securities Act.
