Common use of Lapse of Repurchase Right Clause in Contracts

Lapse of Repurchase Right. ▇▇▇▇▇▇▇ shall acquire a vested ------------------------- interest in and the Company's Right of Repurchase shall lapse with respect to 1/36th of the Restricted Shares upon Roberto's completion of each of the next thirty (30) months of continuous employment after the date hereof, such that ▇▇▇▇▇▇▇ would be fully vested in the Restricted Shares at the expiration of thirty (30) months from the date hereof. The Right of Repurchase shall lapse with respect to an additional 500,000 restricted shares in the event the Company terminates Roberto's Employment without Cause (as defined in the Employment Agreement). In addition, the Right of Repurchase shall lapse with respect to all remaining Restricted Shares if the Company is subject to a Change in Control (as defined in the Employment Agreement) before Roberto's employment terminates.