Repurchasable Shares

Repurchasable Shares. Shall initially mean all of the Option Shares purchased by the Optionee, provided that, for so long as the Optionee remains an employee of the Company or any of its subsidiaries, Option Shares acquired hereunder shall become Non-Repurchasable Shares in 36 equal monthly installments commencing on the last day of the calendar month during which such Option Shares are purchased (such date, the "Exercise Date").