Vested Securities. With regard to any Vested Securities: (i) If a Repurchase Event occurs after the Effective Date as a result of Executive's termination by the Company or its Subsidiaries; (A) without Cause or (B) as a result of Executive's voluntary resignation, the Repurchase Price for any Vested Securities shall be the Fair Market Value of such Vested Securities. (ii) If a Repurchase Event occurs as a result of Executive's termination by the Company or its Subsidiaries for Cause at any time, the Repurchase Price for all Vested Securities then owned by Executive shall be $0.01 in the aggregate. As used in this Agreement, the term "Cause" shall be as defined in the Employment Agreement.
Appears in 7 contracts
Samples: Executive Purchase and Vesting Agreement (Coffeyville Resources, Inc.), Executive Purchase and Vesting Agreement (Coffeyville Resources, Inc.), Executive Purchase and Vesting Agreement (Coffeyville Resources, Inc.)
