PERMITTED REPURCHASES

PERMITTED REPURCHASES. Shall mean the repurchase by the Corporation of shares of Common Stock held by employees, officers, directors, consultants, independent contractors, advisors, or other person performing services for the Corporation or a subsidiary of the Corporation that are subject to a stockholders agreement, restricted stock purchase agreement or stock option agreements under which the Corporation has the option to repurchase such shares: (i) at such holder's cost, upon the occurrence of certain events, such... as the termination of employment or services or (ii) at any price pursuant to the Corporation's exercise of a right of first refusal to repurchase such shares. View More

PERMITTED REPURCHASES. Shall mean the repurchase by the Corporation of shares of Common Stock held by employees, officers, directors, consultants, independent contractors, advisors, or other persons performing services for the Corporation or a Subsidiary that are subject to restricted stock purchase agreements, stock option exercise agreements or similar agreements under which the Corporation has the option to repurchase such shares.