Common use of Unforeseen Personal Hardship Clause in Contracts

Unforeseen Personal Hardship. In the event that the Purchaser, ---------------------------- while in the employment of Holding or one of its Subsidiaries, experiences Unforeseen Personal Hardship, the Holding Board will carefully consider any request by the Purchaser that Holding repurchase the Purchaser's Shares at a price determined in accordance with Section 7 hereof, but Holding shall have no obligation to repurchase such Shares. The Holding Board shall consider such request with respect to Unforeseen Personal Hardship as soon as practicable after receipt by Holding of a written request by the Purchaser, such request to include sufficient details of the Purchaser's Unforeseen Personal Hardship to permit the Holding Board to review the request and the circumstances in an informed manner.

Appears in 1 contract

Samples: Management Stock Subscription Agreement (Qualifax Sa De Cv)

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Unforeseen Personal Hardship. In the event that the Purchaser, ---------------------------- while in the employment of Holding the Company or one any direct or indirect subsidiary of its Subsidiariesthe Company, experiences Unforeseen Personal Hardship, the Holding Board will carefully consider any request by the Purchaser that Holding the Company repurchase the Purchaser's Shares at a price determined in accordance with Section 7 hereof, but Holding the Company shall have no obligation to repurchase such Shares. The Holding Board shall consider such request with respect to Unforeseen Personal Hardship as soon as practicable after receipt by Holding the Company of a written request by the Purchaser, such request to include sufficient details of the Purchaser's Unforeseen Personal Hardship to permit the Holding Board to review the request and the circumstances in an informed manner.

Appears in 1 contract

Samples: Employment Agreement (Global Decisions Group LLC)

Unforeseen Personal Hardship. In the event that the Purchaser, ---------------------------- while in ---------------------------- the employment of Holding or one any direct or indirect subsidiary of its SubsidiariesHolding, experiences Unforeseen Personal Hardship, the Holding Board will carefully consider any request by the Purchaser that Holding repurchase the Purchaser's Shares at a price determined in accordance with Section 7 hereof, but Holding shall have no obligation to repurchase such Shares. The Holding Board shall consider such request with respect to Unforeseen Personal Hardship as soon as practicable after receipt by Holding of a written request by the Purchaser, such request to include sufficient details of the Purchaser's Unforeseen Personal Hardship to permit the Holding Board to review the request and the circumstances in an informed manner.

Appears in 1 contract

Samples: Management Stock Subscription Agreement (Raci Holding Inc)

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Unforeseen Personal Hardship. In the event that the Purchaser, ---------------------------- while in the employment of Holding the Company or one any direct or indirect subsidiary of its Subsidiariesthe Company, experiences Unforeseen Personal Hardship, the Holding Board will carefully consider any request by the Purchaser that Holding the Company repurchase the PurchaserPur- chaser's Shares at a price determined in accordance with Section 7 hereof, but Holding the Company shall have no obligation to repurchase such Shares. The Holding Board shall consider such request with respect to Unforeseen Personal Hardship as soon as practicable after receipt by Holding the Company of a written request by the Purchaser, such request to include sufficient details of the Purchaser's Unforeseen Personal Hardship to permit the Holding Board to review the request and the circumstances in an informed manner.

Appears in 1 contract

Samples: Stock Subscription Agreement (CDW Holding Corp)

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