Unvested Share Repurchase Option. In the event of the termination of the License Agreement by the Corporation pursuant to Section 8.2 thereof, the Corporation shall have the right to reacquire the shares of the Stock which have not vested pursuant to the provisions of this Section 1 ("Unvested Shares") under the terms and subject to the conditions set forth in this Section 1 (the "Unvested Share Repurchase Option").
Appears in 4 contracts
Samples: Stock Restriction and Registration Rights Agreement (Santarus Inc), Exclusive License Agreement (Santarus Inc), Stock Purchase Agreement (Santarus Inc)
Unvested Share Repurchase Option. In the event of the termination of the License Agreement by the Corporation pursuant to Section 8.2 thereof, the Corporation shall have the right to reacquire the shares of the Stock which have not vested pursuant to the provisions of this Section 1 ("“Unvested Shares"”) under the terms and subject to the conditions set forth in this Section 1 (the "“Unvested Share Repurchase Option"”).
Appears in 1 contract
Samples: Exclusive License Agreement (Salix Pharmaceuticals LTD)
