Common use of Termination of Repurchase Option Clause in Contracts

Termination of Repurchase Option. The right of the Company to repurchase the Holder’s Class C Units pursuant to this Section 6 will terminate upon the occurrence of a Change of Control, unless a Termination Event occurs prior to that Change of Control.

Appears in 5 contracts

Sources: Incentive Unit Agreement (Language Line Costa Rica, LLC), Incentive Unit Agreement (Language Line Holdings, Inc.), Incentive Unit Agreement (Language Line Holdings, Inc.)