Common use of The Call Option Clause in Contracts

The Call Option. Upon the termination of Executive’s employment with the Company Parties, the Executive Securities (whether Vested Securities or Unvested Securities and whether held by Executive or by one or more of Executive’s Transferees) will be subject to repurchase by the LLC (or one or more of its assignees at the election of the LLC) at the option of the LLC pursuant to the terms and conditions set forth in this Section 3 (the “Call Option”‘).

Appears in 1 contract

Sources: Executive Purchase Agreement (Cbeyond Communications Inc)

The Call Option. Upon the termination of Executive’s employment with the Company Parties, the Executive Securities (whether Vested Securities or Unvested Securities and whether held by Executive or by one or more of Executive’s Transferees) will be subject to repurchase by the Investors LLC (or one or more of its assignees at the election of the Investors LLC) at the option of the Investors LLC pursuant to the terms and conditions set forth in this Section 3 (the “Call Option”).

Appears in 1 contract

Sources: Executive Purchase Agreement (Cbeyond Communications Inc)

The Call Option. Upon the termination of Executive’s employment with the Company Parties, the Executive Securities (whether Vested Securities or Unvested Securities and whether held by Executive or by one or more of Executive’s Transferees) will be subject to repurchase by the LLC (or one or more of its assignees at the election of the LLC) at the option of the LLC pursuant to the terms and conditions set forth in this Section 3 (the “Call Option”).

Appears in 1 contract

Sources: Executive Purchase Agreement (Cbeyond Communications Inc)