Termination of Repurchase Right. The Repurchase Right shall terminate as to any Shares upon the earlier of (A) the first sale of Common Stock of the Company to the general public, or (B) the Company becoming party to an acquisition, merger or consolidation in which the successor corporation has equity securities that are publicly traded (such date, the “Lapse Date”).
Appears in 7 contracts
Sources: Stock Option Agreement (Promicell, Inc.), Stock Option Agreement (Promicell, Inc.), Stock Option Agreement (Promicell, Inc.)