- Trey Calver: Hey Susan, companies usually only have a repurchase right if the employee is terminated for cause. However, if the employee tries to sell the stock, the Company usually has a right to first offer, e.g., has the first shot to buy back the stock. Existing stockholders usually have a shot at buying the stock after that. I imagine you want to incorporate a repurchase right at fair market value if any employee’s position is terminated for any reason. Happy to touch base if helpful! I’ve helped a handful of companies put together equity incentive plans with different terms.