Termination of Repurchase Right. The provisions of this Section 3 will terminate at the time of a Sale of the Company or a Qualified Initial Public Offering if Executive is still employed at the Company or any of its Subsidiaries at the time of such Sale of the Company or a Qualified Initial Public Offering, as the case may be.
Appears in 4 contracts
Sources: Executive Stock and Option Agreement (Bedding Experts Inc), Executive Stock and Option Agreement (Bedding Experts Inc), Executive Stock and Option Agreement (Bedding Experts Inc)