Termination Repurchase Option. ( a) If the Shareholder's employment with the Company or any of its Subsidiaries is terminated by the Company or any such Subsidiary for any reason whatsoever other than Cause or the Shareholder's resignation (including termination without Cause, death or disability), then all (but not less than all) of the Shareholder Stock (whether held by the Shareholder, any member of the Shareholder's Family Group or one or more transferees), shall be subject to repurchase by the Company at the Company's option at a price per share equal to Market Value and on the other terms and conditions set forth in this Section 3.
Appears in 2 contracts
Samples: Subscription and Shareholders Agreement (Winsloew Furniture Inc), Subscription and Shareholders Agreement (Winsloew Furniture Inc)
Termination Repurchase Option. ( a) If the Shareholder's employment with the Company or any of its Subsidiaries is terminated by the Company or any such Subsidiary for any reason whatsoever other than Cause or the Shareholder's resignation (including termination without Cause, death or disability), then all (but not less than all) of the Shareholder Stock (whether held by the Shareholder, any member of the Shareholder's Family Group or one or more transferees), shall be subject to repurchase by the Company at the Company's option at a price per share equal to Market Value and on the other terms and conditions set forth in this Section 3.
Appears in 2 contracts
Samples: Subscription and Shareholders Agreement (Winsloew Furniture Inc), Subscription and Shareholders Agreement (Winsloew Furniture Inc)
Termination Repurchase Option. ( (a) If the Shareholder's employment with the Company or any of its Subsidiaries is terminated by the Company or any such Subsidiary for any reason whatsoever other than Cause or by the Shareholder's resignation (including termination without Cause, death or disability)resignation, then all (but not less than all) of the Shareholder Stock (whether held by the Shareholder, any member of the Shareholder's Family Group or one or more transferees), ) shall be subject to repurchase by the Company at the Company's option at a price per share equal to the lower of Original Cost or Market Value and on the other terms and conditions set forth in this Section 3.
Appears in 1 contract
Samples: Subscription and Shareholders Agreement (Winsloew Furniture Inc)
