Bad Leaver. If the Executive’s Termination is the result of the Executive’s Termination by the Company or one of its Subsidiaries occurring for Cause, then on or after the Executive’s Termination Date, the Company or the ▇▇▇▇ Investors, as applicable, may purchase all of the Incentive Securities (including both Vested Securities and Unvested Securities) at the lower of Fair Market Value and their Original Cost in accordance with the procedures set forth below.
Appears in 2 contracts
Sources: Executive Subscription and Securityholder’s Agreement (Styron Canada ULC), Executive Subscription and Securityholder’s Agreement (Trinseo S.A.)