Company’s Repurchase Option for Unvested Shares Contract Clauses (23)
Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Company’s Repurchase Option for Unvested Shares clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Company’s Repurchase Option for Unvested Shares. The Company, or its assignee, shall have the option to repurchase all or a portion of the Shares that are Unvested Shares (as defined in the Stock Option Agreement) on the terms and conditions set forth in this Section (the "Repurchase Option") if Purchaser is Terminated (as defined in the Plan) for any reason, or no reason, including without limitation, Purchaser's death, Disability (as defined in the Plan), voluntary resignation or termination by the Company with or without Cause. 8.1 Terminat...ion and Termination Date. In case of any dispute as to whether Purchaser is Terminated, the Committee shall have discretion to determine whether Purchaser has been Terminated and the effective date of such Termination (the "Termination Date"). 8.2 Exercise of Repurchase Option. At any time within ninety (90) days after the Purchaser's Termination Date (or, in the case of securities issued upon exercise of an Option after the Purchaser's Termination Date, within ninety (90) days after the date of such exercise), the Company, or its assignee, may elect to repurchase any or all the Shares that are Unvested Shares by giving Purchaser written notice of exercise of the Repurchase Option. 8.3 Calculation of Repurchase Price for Unvested Shares. The Company or its assignee shall have the option to repurchase from Purchaser (or from Purchaser's personal representative as the case may be) the Unvested Shares at the Purchaser's Exercise Price, proportionately adjusted for any stock split or similar change in the capital structure of the Company as set forth in Section 2.2 of the Plan (the "Repurchase Price"). 8.4 Payment of Repurchase Price. The Repurchase Price shall be payable, at the option of the Company or its assignee, by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Purchaser to the Company or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within the term of the Repurchase Option as described in Section 8.2. 8.5 Right of Termination Unaffected. Nothing in this Exercise Agreement shall be construed to limit or otherwise affect in any manner whatsoever the right or power of the Company (or any Parent or Subsidiary of the Company) to terminate Purchaser's employment or other relationship with Company (or the Parent or Subsidiary of the Company) at any time, for any reason or no reason, with or without Cause.View More
Company’s Repurchase Option for Unvested Shares. The Company, If Optionee is Terminated for any reason, or no reason, including without limitation, Optionee's death, Disability, voluntary resignation or termination by the Company with or without cause and Optionee has acquired Unvested Shares by exercising this Option, then the Company and/or its assignee, assignee(s) shall have the option to repurchase all or a portion of the Shares that are Optionee's Unvested Shares (as defined in Section 2.2 of this Agreement) as of the Stock Option Agreem...ent) Termination Date on the terms and conditions set forth in this Section 7 (the "Repurchase Option") if Purchaser is Terminated (as defined in the Plan) for any reason, or no reason, including without limitation, Purchaser's death, Disability (as defined in the Plan), voluntary resignation or termination by the Company with or without Cause. 8.1 Termination Option"). 7.1.Termination and Termination Date. For purposes of this Agreement, "Termination" is defined as the cessation of the employment relationship such that Optionee is no longer an employee, officer, director, contractor, consultant or advisor to the Company or any of its Subsidiaries or Parents. In case of any dispute as to whether Purchaser Optionee is Terminated, the Committee shall have discretion to determine whether Purchaser Optionee has been Terminated and the effective date of such Termination (the "Termination Date"). 8.2 Exercise 7.2.Exercise of Repurchase Option. At Subject to the foregoing provisions of this Section, at any time within ninety (90) days after the Purchaser's Termination Date (or, in the case of securities issued upon exercise of an Option after the Purchaser's Optionee's Termination Date, within ninety (90) days after the date of such exercise), the Company, or Company and/or its assignee, assignee(s), may elect to repurchase any or all the Shares that are of Optionee's Unvested Shares by giving Purchaser Optionee written notice of exercise of the Repurchase Option. 8.3 Calculation 7.3.Calculation of Repurchase Price for Unvested Shares. The Company or its assignee shall have the option to repurchase from Purchaser Optionee (or from Purchaser's Optionee's personal representative as the case may be) the Unvested Shares at the Purchaser's Optionee's Exercise Price, as such may be proportionately adjusted for any stock split or similar change in the capital structure of the Company as set forth in Section 2.2 of the Plan (the "Repurchase Price"). 8.4 Payment 7.4.Payment of Repurchase Price. The Repurchase Price shall be payable, at the option of the Company or its assignee, by check or by cancellation of all or a portion of any outstanding purchase money 5 indebtedness owed by Purchaser Optionee to the Company or and/or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within the term of the Repurchase Option as described in Section 8.2. 8.5 Right 7.2. 7.5.Right of Termination Unaffected. Nothing in this Exercise Agreement shall be construed to limit or otherwise affect in any manner whatsoever the right or power of the Company (or any Parent or Subsidiary of the Company) to terminate Purchaser's Optionee's employment or other relationship with Company (or the any Parent or Subsidiary of the Company) at any time, for any reason or no reason, with or without Cause. cause. View More
Company’s Repurchase Option for Unvested Shares. The Company, If Optionee is Terminated for any reason, or no reason, including without limitation, Optionee's death, Disability, voluntary resignation or termination by the Company with or without Cause and Optionee has acquired Unvested Shares by exercising this Option, then the Company and/or its assignee, assignee(s) shall have the option to repurchase all or a portion of the Shares that are Optionee's Unvested Shares (as defined in Section 2.2 of this Agreement) as of the Stock Option Agreem...ent) Termination Date on the terms and conditions set forth in this Section 7 (the "Repurchase Option") if Purchaser is Terminated (as defined in the Plan) for any reason, or no reason, including without limitation, Purchaser's death, Disability (as defined in the Plan), voluntary resignation or termination by the Company with or without Cause. 8.1 Option"). 7.1. Termination and Termination Date. In case of any dispute as to whether Purchaser Optionee is Terminated, the Committee shall have discretion to determine whether Purchaser Optionee has been Terminated and the effective date of such Termination (the "Termination Date"). 8.2 7.2. Exercise of Repurchase Option. At Subject to the foregoing provisions of this Section, at any time within ninety (90) days after the Purchaser's Termination Date (or, in the case of securities issued upon exercise of an Option after the Purchaser's Optionee's Termination Date, within ninety (90) days after the date of such exercise), the Company, or Company and/or its assignee, assignee(s), may elect to repurchase any or all the Shares that are Optionee's Unvested Shares by giving Purchaser Optionee written notice of exercise of the Repurchase Option. 8.3 7.3. Calculation of Repurchase Price for Unvested Shares. The Company or its assignee shall have the option to repurchase from Purchaser Optionee (or from Purchaser's Optionee's personal representative as the case may be) the Unvested Shares at the Purchaser's Optionee's Exercise Price, as such may be proportionately adjusted for any stock split or similar change in the capital structure of the Company as set forth in Section 2.2 of the Plan (the "Repurchase Price"). 8.4 7.4. Payment of Repurchase Price. The Repurchase Price shall be payable, at the option of the Company or its assignee, by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Purchaser Optionee to the Company or and/or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within the term of the Repurchase Option as described in Section 8.2. 8.5 7.2. 7.5. Right of Termination Unaffected. Nothing in this Exercise Agreement shall be construed to limit or otherwise affect in any manner whatsoever the right or power of the Company (or any Parent or Subsidiary of the Company) to terminate Purchaser's Optionee's employment or other relationship with Company (or the any Parent or Subsidiary of the Company) at any time, for any reason or no reason, with or without Cause. View More
Company’s Repurchase Option for Unvested Shares. The Company, or its assignee, shall have the option to repurchase all or a portion of the Shares that are Purchaser's Unvested Shares (as defined in the Stock Option Agreement) Section 8.2 below) on the terms and conditions set forth in this Section (the "Repurchase Option") if Purchaser is Terminated (as defined in the Plan) for any reason, or no reason, including without limitation, limitation Purchaser's death, Disability (as defined in the Plan), voluntary resignation or termination by the C...ompany with or without Cause. Cause (as defined in the Plan). 8.1 Termination and Termination Date. In case of any dispute as to whether Purchaser is Terminated, the Committee shall have sole discretion to determine whether Purchaser has been Terminated and the effective date of such Termination (the "Termination Date"). 8.2 Exercise of Repurchase Option. At any time within ninety (90) days after the Purchaser's Termination Date (or, in the case of securities issued upon exercise of an Option after the Purchaser's Termination Date, within ninety (90) days after the date of such exercise), the Company, or its assignee, may elect to repurchase any or all the Unvested and Vested Shares. Shares that are vested pursuant to the schedule set forth in this Section 8.2 are "Vested Shares." Shares that are not vested pursuant to the schedule set forth in this Section 8.2 are "Unvested Shares." Unvested Shares may not be sold or otherwise transferred by giving Purchaser without the Company's prior written notice of exercise consent. On the Effective Date all of the Repurchase Option. 8.3 Calculation of Repurchase Price for Shares will be Unvested Shares. The Company If Purchaser has continuously provided services to the Company, any Subsidiary or its assignee Parent at all times from the Effective Date until , 20 (the "First Vesting Date"), then on the First Vesting Date of the Shares will become Vested Shares; and thereafter, for so long (and only for so long) as Purchaser continuously provides services to the Company, any Subsidiary or Parent at all times after the First Vesting Date, an additional of the Shares will become Vested Shares upon each of the first anniversaries of the First Vesting Date. If the application of the vesting percentage causes a fractional share, such share shall have be rounded down to the option to repurchase from Purchaser (or from Purchaser's personal representative as nearest whole share for each month except for the case may be) last month in such vesting period, at the end of which last month the balance of Unvested Shares at shall become fully Vested Shares. No Shares will become Vested Shares after the Purchaser's Exercise Price, proportionately Termination Date. The number of Shares that are Vested Shares or Unvested Shares will be proportionally adjusted for any stock split or similar change in the capital structure of the Company as set forth in Section 2.2 of the Plan Plan. 8.3 Exercise of Repurchase Option. At any time within ninety (90) days after the Termination Date, the Company, or its assignee(s), may elect to repurchase any or all of the Purchaser's Unvested Shares by giving Purchaser written notice of exercise of the Repurchase Option. 8.4 Calculation of Repurchase Price. The Company or its assignee(s) shall have the option to repurchase from Purchaser (or from Purchaser's personal representative as the case may be) the Purchaser's Unvested Shares at the Purchaser's original Purchase Price Per Share (as adjusted to reflect any stock split or similar change in the capital structure of the Company as set forth in Section 2.2 of the Plan) (the "Repurchase Price"). 8.4 8.5 Payment of Repurchase Price. The Repurchase Price shall be payable, at the option of the Company or its assignee, assignee(s), by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Purchaser to the Company Company, or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within the term sixty (60) days after exercise of the Repurchase Option as described in Section 8.2. 8.5 Option. 8.6 Right of Termination Unaffected. Nothing in this Exercise Agreement shall be construed to limit or otherwise affect in any manner whatsoever the right or power of the Company (or any Parent or Subsidiary of the Company) Subsidiary) to terminate Purchaser's employment or other relationship with the Company (or the any Parent or Subsidiary of the Company) Subsidiary) at any time, time for any reason or no reason, with or without Cause. View More
