Resignation. If the Optionee’s empl

Resignation. If the Optionee’s employment by or directorship with the Company or an Affiliate terminates by reason of the Optionee’s resignation prior to the termination of his or her employment, directorship with the Company or an Affiliate or the non-renewal of the relevant employment upon its expiration, any unvested portion of the Option shall be immediately forfeited, in each case, with effect from the date on which the Optionee’s employment or service is terminated. In case that the Optionee’s employment by or directorship with the Company or an Affiliate terminates by reason of the Optionee’s resignation prior to the termination of his or her employment or the nonrenewal of the relevant employment upon its expiration within three (3) years from the listing date of the Company, (i) any unexercised portion of the Option, whether vested or unvested, shall be immediately forfeited, (ii) the Company shall have the option to repurchase the Shares acquired upon the exercise of any portion of the Option at a price equal to the grant price paid plus any amount of taxes payable by the Optionee and withheld by the Company in connection with the exercise of the Option; and (iii) in the event that such Shares acquired upon the exercise of any portion of the Option have been sold, transferred or disposed of by the Optionee within three (3) years from the listing date of the Company, the Optionee undertakes to promptly return to the Company the proceeds obtained from such sale, transfer or disposal (as the case may be). The foregoing sentence does not apply to circumstances where the Optionee is rehired by the Company or an Affiliate after his or her retirement.