Exercise of Put Rights. The Participant (or his or her estate, if applicable) may exercise its Put Rights under this Section 3.7 by giving written notice thereof to the Company not later than four years following the termination of the Participant’s services to the Company. Upon delivery (or promptly following delivery) of such notice of exercise of Put Rights, the Company shall deliver to the Participant (or his or her estate, if applicable) a calculation of the purchase price therefor in accordance with Section 3.7(i). The Participant (or his or her estate, if applicable) shall have the right to irrevocably rescind the notice of exercise for a period of ten business days following the delivery of such calculation. The consummation of the repurchase shall take place at the principal offices of the Company on the tenth (10th) business day following the delivery of the calculation of the purchase price (or at such other time and/or place as the Company and the Participant (or such estate) shall agree).
Appears in 3 contracts
Sources: Restricted Stock and Compensation Agreement (iDcentrix, Inc.), Restricted Stock and Compensation Agreement (iDcentrix, Inc.), Restricted Stock and Compensation Agreement (iDcentrix, Inc.)