Common use of Exercise of the Repurchase Right Clause in Contracts

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to the Stockholder prior to the expiration of the ninety (90) day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on or before the close of business on the date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to the Stockholder $0.01 per share.

Appears in 2 contracts

Sources: Repurchase Option Agreement (Detto), Repurchase Option Agreement (Detto)

Exercise of the Repurchase Right. The Repurchase Right shall be -------------------------------- exercisable by written notice delivered to the Stockholder each Owner prior to the expiration of the ninety thirty (9030) day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on or before Company prior to the close of business on the date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation Company shall pay to the Stockholder Owner, by Company check (or cancellation of any purchase-money indebtedness), an amount equal to $0.01 0.16 per share.

Appears in 2 contracts

Sources: Restricted Stock Purchase Agreement (More Com Inc), Restricted Stock Purchase Agreement (More Com Inc)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Stockholder Unvested Shares prior to the expiration of the ninety (90) day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on or before prior to the close of business on the date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalent (including the Stockholder $0.01 per share.cancellation of any purchase-money indebtedness), an amount

Appears in 1 contract

Sources: Stock Issuance Agreement (Quadramed Corp)

Exercise of the Repurchase Right. The Repurchase Right shall be -------------------------------- exercisable by written notice delivered to each Owner of the Stockholder Unvested Shares prior to the expiration of the ninety (90) day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on or before the close of business on the date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to the Stockholder $0.01 per share.prior to

Appears in 1 contract

Sources: Stock Issuance Agreement (Naviant Inc)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Stockholder Unvested Shares prior to the expiration of the ninety (90) day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on or before the close of business on the date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to the Stockholder $0.01 per share.Owner, in cash or

Appears in 1 contract

Sources: Stock Issuance Agreement (Theratx Inc /De/)

Exercise of the Repurchase Right. The Repurchase Right shall be exercisable by written notice delivered to each Owner of the Stockholder Unvested Shares prior to the expiration of the ninety (90) day 90)-day exercise period. The notice shall indicate the number of Unvested Shares to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice. The certificates representing the Unvested Shares to be repurchased shall be delivered to the Corporation on or before prior to the close of business on the date specified for the repurchase. Concurrently with the receipt of such stock certificates, the Corporation shall pay to Owner, in cash or cash equivalents (including the Stockholder $0.01 per share.cancellation of any purchase-money indebtedness), an amount

Appears in 1 contract

Sources: Stock Purchase Agreement (Act Networks Inc)