Termination of the Repurchase Right. The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 2.2. In addition, the Repurchase Right shall terminate and cease to be exercisable with respect to any and all Unvested Shares in which Participant vests in accordance with the Vesting Schedule set forth in Exhibit B. Notwithstanding the foregoing, the Unvested Shares shall become fully vested and shall no longer be subject to the Repurchase Right upon a “Change of Control” in connection with the Change in Control, as determined by the Company in good faith, all Unvested Shares shall become fully vested and shall no longer be subject to the Repurchase Right.
Appears in 5 contracts
Samples: Restricted Stock Ownership Agreement (Monitronics International Inc), Restricted Stock Ownership Agreement (Monitronics International Inc), Restricted Stock Ownership Agreement (Monitronics International Inc)
