Repurchase Right Clause Example with 4 Variations from Business Contracts

Repurchase Right. If the provisions of an Award Agreement grant to the Company the right to repurchase Shares upon termination of the Grantee's Continuous Service, the Award Agreement shall (or may, with respect to Awards granted or issued to Officers, Directors or Consultants) provide that: (a) the right to repurchase must be exercised, if at all, within ninety (90) days six (6) months of the termination of the Grantee's Continuous Service (or in the case of Shares issued upon exercise of Awards after the date o...f termination of the Grantee's Continuous Service, within ninety (90) days six (6) months after the date of the Award exercise); 13 (b) the consideration payable for the Shares upon exercise of such repurchase right shall be made in cash or by cancellation of purchase money indebtedness within the ninety (90) day six (6) month periods specified in Section 12(a); 16 (c) the amount of such consideration shall (i) be equal to the original purchase price paid by Grantee for each such Share; provided, that the right to repurchase such Shares at the original purchase price shall lapse at the rate of at least twenty percent (20%) of the Shares subject to the Award per year over five (5) years from the date the Award is granted (without respect to the date the Award was exercised Share or became exercisable), and (ii) with respect to Shares, other than Shares subject to repurchase at the original purchase price pursuant to clause (i) above, not less than the Fair Market Value of the Shares to be repurchased on the date of termination of Grantee's Continuous Service; and (d) the right to repurchase Shares, other than the a right to repurchase under which Shares may be repurchased at the original purchase price pursuant to clause (i) of Section 12(c), price, shall terminate on the Registration Date. View More

Repurchase Right. If the provisions of an Award Agreement grant to the Company the right to repurchase Shares upon termination of the Grantee's Continuous Service, then, except in the case where the Plan complies with the California 25102(o) Exemption and all applicable conditions of Rule 701, the Award Agreement shall (or may, with respect to Awards granted or issued to Officers, Directors or Consultants) provide that: (a) the right to repurchase must be exercised, if at all, within ninety (90) days of the termi...nation of the Grantee's Continuous Service (or in the case of Shares issued upon 16 Home Brew Mart, Inc. exercise of Awards after the date of termination of the Grantee's Continuous Service, within ninety (90) days after the date of the Award exercise); 13 (b) the consideration payable for the Shares upon exercise of such repurchase right shall be made in cash or by cancellation of purchase money indebtedness within the ninety (90) day periods specified in Section 12(a); (c) the amount of such consideration shall (i) be equal to the original purchase price paid by Grantee for each such Share; Share or the Fair Market Value of the Shares to be repurchased on the date of termination of Grantee's Continuous Service; provided, that the right to repurchase if such Shares may be repurchased at the original purchase price price, such repurchase right shall lapse at the rate of at least twenty percent (20%) of the Shares subject to the Award per year over five (5) years from the date the Award is granted (without respect to the date the Award was exercised or became exercisable), and (ii) with respect to Shares, other than Shares subject to repurchase at the original purchase price pursuant to clause (i) above, not less than the Fair Market Value of the Shares to be repurchased on the date of termination of Grantee's Continuous Service; exercisable); and (d) the right to repurchase Shares, other than the a right to repurchase under which Shares may be repurchased at the original purchase price pursuant to clause (i) of Section 12(c), price, shall terminate on the Registration Date. View More

Repurchase Right. If the provisions of an Award Agreement grant to the Company the right to repurchase Shares upon termination of the Grantee's Continuous Service, the Award Agreement shall (or may, with respect to Awards granted or issued to Officers, Directors or Consultants) provide that: (a) the right to repurchase must be exercised, if at all, within ninety (90) days of the termination of the Grantee's Continuous Service (or in the case of Shares issued upon exercise of Awards after the date of termination o...f the Grantee's Continuous Service, within ninety (90) days after the date of the Award exercise); 13 15 (b) the consideration payable for the Shares upon exercise of such repurchase right shall be made in cash or by cancellation of purchase money indebtedness within the ninety (90) day periods specified in Section 12(a); (c) the amount of such consideration shall (i) be equal to the original purchase price paid by Grantee for each such Share; provided, that the right to repurchase such Shares at the original purchase price shall lapse at the rate of at least twenty percent (20%) of the Shares subject to the Award per year over five (5) years from the date the Award is granted (without respect to the date the Award was exercised or became exercisable), and (ii) with respect to Shares, other than Shares subject to repurchase at the original purchase price pursuant to clause (i) above, not less than the Fair Market Value of the Shares to be repurchased on the date of termination of Grantee's Continuous Service; and (d) the right to repurchase Shares, other than the right to repurchase Shares at the original purchase price pursuant to clause (i) of Section 12(c), shall terminate on the Registration Date. View More

Repurchase Right. If the provisions of an Award Agreement grant to the Company the right to repurchase Shares upon termination of the Grantee's Continuous Service, then, except in the case where the Plan complies with all applicable conditions of Rule 701, the Award Agreement shall (or may, with respect to Awards granted or issued to Officers, Directors or Consultants) provide that: (a) the right to repurchase must be exercised, if at all, within ninety (90) days of the termination of the Grantee's Continuous Ser...vice (or in the case of Shares issued upon exercise of Awards after the date of termination of the Grantee's Continuous Service, within ninety (90) days after the date of the Award exercise); 13 (b) the consideration payable for the Shares upon exercise of such repurchase right shall be made in cash or by cancellation of purchase money indebtedness within the ninety (90) day periods specified in Section 12(a); 16 Lectrefy Inc. (c) the amount of such consideration shall (i) be equal to the original purchase price paid by Grantee for each such Share; Share or the Fair Market Value of the Shares to be repurchased on the date of termination of Grantee's Continuous Service; provided, that the right to repurchase if such Shares may be repurchased at the original purchase price price, such repurchase right shall lapse at the rate of at least twenty percent (20%) of the Shares subject to the Award per year over five (5) years from the date the Award is granted (without respect to the date the Award was exercised or became exercisable), and (ii) with respect to Shares, other than Shares subject to repurchase at the original purchase price pursuant to clause (i) above, not less than the Fair Market Value of the Shares to be repurchased on the date of termination of Grantee's Continuous Service; exercisable); and (d) the right to repurchase Shares, other than the a right to repurchase under which Shares may be repurchased at the original purchase price pursuant to clause (i) of Section 12(c), price, shall terminate on the Registration Date. View More