Restricted Stock Clause Example with 180 Variations from Business Contracts

This page contains Restricted Stock clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Restricted Stock. (a) Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administr...ator, in its sole discretion, will determine. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed. (c) Transferability. Except as provided in this Section 7 or the Award Agreement, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction. (d) Other Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may determine. The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. View More Arrow
Found in Avinger Inc contract

Variations of a "Restricted Stock" Clause from Business Contracts

Restricted Stock. (a) Grant of Rights to Purchase. When a right to purchase Restricted Stock. Subject to the terms and provisions of Stock is granted under the Plan, the Administrator, at any time Administrator shall advise the recipient in writing of the terms, conditions and from time restrictions related to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted Stock w...ill be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, and that such other terms and conditions person shall be entitled to purchase, the price to be paid (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in its sole discretion, will determine. Section 9(b) with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. (b) Repurchase Option. (i) General. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on such Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant's Continuous Service Status for any reason (including death or Disability). The purchase price for Shares have lapsed. (c) Transferability. Except as provided in this Section 7 or repurchased pursuant to the Award Agreement, Shares of Restricted Stock Purchase Agreement shall be the original purchase price paid by the purchaser and may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end paid by cancellation of any indebtedness of the applicable Period of Restriction. (d) Other Restrictions. purchaser to the Company. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or repurchase option shall lapse at such other time rate as the Administrator may determine. (ii) Leave of Absence. The Administrator, Administrator shall have the discretion to determine whether and to what extent the lapsing of Company repurchase rights shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, such lapsing shall be tolled during any such unpaid leave (unless otherwise required by the Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant's returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent or Subsidiary, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. 12 (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its discretion, may accelerate sole discretion. In addition, the time at which any restrictions will lapse or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares provisions of Restricted Stock granted hereunder may exercise full voting rights Purchase Agreements need not be the same with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period each Participant. (d) Rights as a Holder of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, Capital Stock. Once the Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which restrictions have not lapsed will revert the record date is prior to the Company and again will become available for grant under date the Restricted Stock is purchased, except as provided in Section 14 of the Plan. View More Arrow
Found in 3 Contracts from 2 Companies
Restricted Stock. (a) Grant of Rights to Purchase. When a right to purchase or receive Restricted Stock. Subject to the terms and provisions of Stock is granted under the Plan, the Administrator, at any time Company shall advise the recipient in writing of the terms, conditions and from time restrictions related to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted St...ock will be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, and that such other terms and conditions person shall be entitled to purchase, the price to be paid, if any (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in its sole discretion, will determine. Section 7(b)(ii) above with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. 7 (b) Repurchase Option. (i) General. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant's Continuous Service Status for any reason (including death or Disability) at a purchase price for Shares equal to the original purchase price paid by the purchaser to the Company for such Shares have lapsed. (c) Transferability. Except as provided in this Section 7 or the Award Agreement, Shares and may be paid by cancellation of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end any indebtedness of the applicable Period of Restriction. (d) Other Restrictions. purchaser to the Company. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or repurchase option shall lapse at such other time rate as the Administrator may determine. (ii) Leave of Absence. The Administrator, Administrator shall have the discretion to determine at any time whether and to what extent the lapsing of Company repurchase rights shall be tolled during any leave of absence; provided, however, that in the absence of such determination, such lapsing shall continue during any paid leave and shall be tolled during any unpaid leave (unless otherwise required by Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant's returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended), he or she shall be given vesting credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its discretion, may accelerate sole discretion. In addition, the time at which any restrictions will lapse or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares provisions of Restricted Stock granted hereunder may exercise full voting rights Purchase Agreements need not be the same with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period each Participant. (d) Rights as a Holder of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, Capital Stock. Once the Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase and the issuance of the Shares is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which restrictions have not lapsed will revert the record date is prior to the Company and again will become available for grant under date the Plan. Restricted Stock is purchased, except as provided in Section 10 below. View More Arrow
Found in XLR MEDICAL CORP. contract
Restricted Stock. (a) Grant of Rights to Purchase. When a right to purchase Restricted Stock. Subject to the terms and provisions of Stock is granted under the Plan, the Administrator, at any time Administrator shall advise the recipient in writing of the terms, conditions and from time restrictions related to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted Stock w...ill be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, and that such other terms and conditions person shall be entitled to purchase, the price to be paid (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in its sole discretion, will determine. Section 9(b) with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. (b) Repurchase Option. (i) General. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on such Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant's Continuous Service Status for any reason (including death or Disability). The purchase price for Shares have lapsed. (c) Transferability. Except as provided in this Section 7 or repurchased pursuant to the Award Agreement, Shares of Restricted Stock Purchase Agreement shall be the original purchase price paid by the purchaser and may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end paid by cancellation of any indebtedness of the applicable Period of Restriction. (d) Other Restrictions. purchaser to the Company. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or repurchase option shall lapse at such other time rate as the Administrator may determine. (ii) Leave of Absence. The Administrator, Administrator shall have the discretion to determine whether and to what extent the lapsing of Company repurchase rights shall be tolled during any leave of absence; provided, however, that in the absence of such determination, such lapsing shall be tolled during any leave (unless otherwise required by the Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant's returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she 12 shall be given vesting credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent or Subsidiary, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its discretion, may accelerate sole discretion. In addition, the time at which any restrictions will lapse or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares provisions of Restricted Stock granted hereunder may exercise full voting rights Purchase Agreements need not be the same with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period each Participant. (d) Rights as a Holder of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, Capital Stock. Once the Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which restrictions have not lapsed will revert the record date is prior to the Company and again will become available for grant under date the Restricted Stock is purchased, except as provided in Section 15 of the Plan. View More Arrow
Found in OPOWER, INC. contract
Restricted Stock. (a) Grant of Rights to Purchase. When a right to purchase or receive Restricted Stock. Subject to the terms and provisions of Stock is granted under the Plan, the Administrator, at any time Company shall advise the recipient in writing of the terms, conditions and from time restrictions related to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted St...ock will be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, and that such other terms and conditions person shall be entitled to purchase, the price to be paid, if any (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in its sole discretion, will determine. Section 7(b)(ii) above with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. (b)Repurchase Option. (i) General. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant's Continuous Service Status for any reason (including death or Disability) at a purchase price for Shares equal to the original purchase price paid by the purchaser to the Company for such Shares have lapsed. (c) Transferability. Except as provided in this Section 7 or the Award Agreement, Shares and may be paid by cancellation of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end any indebtedness of the applicable Period of Restriction. (d) Other Restrictions. purchaser to the Company. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or repurchase option shall lapse at such other time rate as the Administrator may determine. (ii) Leave of Absence. The Administrator, Administrator shall have the discretion to determine whether and to what extent the lapsing of Company repurchase rights shall continue during any paid leave and shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, such lapsing shall be tolled during any leave (unless otherwise required by 10 Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant's returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its discretion, may accelerate sole discretion. In addition, the time at which any restrictions will lapse or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares provisions of Restricted Stock granted hereunder may exercise full voting rights Purchase Agreements need not be the same with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period each Participant. (d) Rights as a Holder of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, Capital Stock. Once the Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase and the issuance of the Shares is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which restrictions have not lapsed will revert the record date is prior to the Company and again will become available for grant under date the Plan. Restricted Stock is purchased, except as provided in Section 10 below. View More Arrow
Found in Healthcare Triangle, Inc. contract
Restricted Stock. (a) Grant of Rights to Purchase. When a right to purchase or receive Restricted Stock. Subject to the terms and provisions of Stock is granted under the Plan, the Administrator, at any time Company shall advise the recipient in writing of the terms, conditions and from time restrictions related to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted St...ock will be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, and that such other terms and conditions person shall be entitled to purchase, the price to be paid, if any (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in its sole discretion, will determine. Section 7(b)(ii) above with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. (b) Repurchase Option. (i) General. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant's Continuous Service Status for any reason (including death or Disability) at a purchase price for Shares equal to the original purchase price paid by the purchaser to the Company for such Shares have lapsed. (c) Transferability. Except as provided in this Section 7 or the Award Agreement, Shares and may be paid by cancellation of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end any indebtedness of the applicable Period of Restriction. (d) Other Restrictions. purchaser to the Company. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or repurchase option shall lapse at such other time rate as the Administrator may determine. 11 (ii) Leave of Absence. The Administrator, Administrator shall have the discretion to determine whether and to what extent the lapsing of Company repurchase rights shall continue during any paid leave and shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, such lapsing shall be tolled during any leave (unless otherwise required by Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant's returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its discretion, may accelerate sole discretion. In addition, the time at which any restrictions will lapse or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares provisions of Restricted Stock granted hereunder may exercise full voting rights Purchase Agreements need not be the same with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period each Participant. (d) Rights as a Holder of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, Capital Stock. Once the Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase and the issuance of the Shares is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which restrictions have not lapsed will revert the record date is prior to the Company and again will become available for grant under date the Plan. Restricted Stock is purchased, except as provided in Section 11 below. View More Arrow
Found in ACE Convergence Acquisition Corp. contract
Restricted Stock. (a) Grant of Rights to Purchase. When a right to purchase or receive Restricted Stock. Subject to the terms and provisions of Stock is granted under the Plan, the Administrator, at any time Company shall advise the recipient in writing of the terms, conditions and from time restrictions related to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted St...ock will be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, and that such other terms and conditions person shall be entitled to purchase, the price to be paid, if any (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in its sole discretion, will determine. Section 7(b)(ii) above with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. (b) Repurchase Option. (i) General. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant's Continuous Service Status for any reason (including death or Disability) at a purchase price for Shares equal to the original purchase price paid by the purchaser to the Company for such Shares have lapsed. (c) Transferability. Except as provided in this Section 7 or the Award Agreement, Shares and may be paid by cancellation of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end any indebtedness of the applicable Period of Restriction. (d) Other Restrictions. purchaser to the Company. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or repurchase option shall lapse at such other time rate as the Administrator may determine. (ii) Leave of Absence. The Administrator, Administrator shall have the discretion to determine at any time whether and to what extent the lapsing of Company repurchase rights shall be tolled during any leave of absence; provided, however, that in the absence of such determination, such lapsing shall continue during any paid leave and shall be tolled during any unpaid leave (unless otherwise required by Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant's returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its discretion, may accelerate sole discretion. In addition, the time at which any restrictions will lapse or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares provisions of Restricted Stock granted hereunder may exercise full voting rights Purchase Agreements need not be the same with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period each Participant. -12- (d) Rights as a Holder of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, Capital Stock. Once the Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase and the issuance of the Shares is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which restrictions have not lapsed will revert the record date is prior to the Company and again will become available for grant under date the Plan. Restricted Stock is purchased, except as provided in Section 10 below. View More Arrow
Found in HashiCorp, Inc. contract
Restricted Stock. (a) Grant of Rights to Purchase. When a right to purchase or receive Restricted Stock. Subject to the terms and provisions of Stock is granted under the Plan, the Administrator, at any time Company shall advise the recipient in writing of the terms, conditions and from time restrictions related to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted St...ock will be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, and that such other terms and conditions person shall be entitled to purchase, the price to be paid, if any (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in its sole discretion, will determine. Section 7(b)(ii) above with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. -11- (b) Repurchase Option. (i) General. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant's Continuous Service Status for any reason (including death or Disability) at a purchase price for Shares equal to the original purchase price paid by the purchaser to the Company for such Shares have lapsed. (c) Transferability. Except as provided in this Section 7 or the Award Agreement, Shares and may be paid by cancellation of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end any indebtedness of the applicable Period of Restriction. (d) Other Restrictions. purchaser to the Company. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or repurchase option shall lapse at such other time rate as the Administrator may determine. (ii) Leave of Absence. The Administrator, Administrator shall have the discretion to determine at any time whether and to what extent the lapsing of Company repurchase rights shall be tolled during any leave of absence; provided, however, that in the absence of such determination, such lapsing shall continue during any paid leave and shall be tolled during any unpaid leave (unless otherwise required by Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant's returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its discretion, may accelerate sole discretion. In addition, the time at which any restrictions will lapse or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares provisions of Restricted Stock granted hereunder may exercise full voting rights Purchase Agreements need not be the same with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period each Participant. (d) Rights as a Holder of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, Capital Stock. Once the Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase and the issuance of the Shares is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which restrictions have not lapsed will revert the record date is prior to the Company and again will become available for grant under date the Plan. Restricted Stock is purchased, except as provided in Section 10 below. View More Arrow
Found in 2 Contracts from 2 Companies
Restricted Stock. (a) Grant of (a)Rights to Purchase. When a right to purchase or receive Restricted Stock. Subject to the terms and provisions of Stock is granted under the Plan, the Administrator, at any time Company shall advise the recipient in writing of the terms, conditions and from time restrictions related to time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted... Stock will be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, and that such other terms and conditions person shall be entitled to purchase, the price to be paid, if any (which shall be as determined by the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as is set forth in its sole discretion, will determine. Section 7(b)(ii) above with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. (b)Repurchase Option. (i)General. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant's Continuous Service Status for any reason (including death or Disability) at a purchase price for Shares equal to the original purchase price paid by the purchaser to the Company for such Shares have lapsed. (c) Transferability. Except as provided in this Section 7 or the Award Agreement, Shares and may be paid by cancellation of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end any indebtedness of the applicable Period of Restriction. (d) Other Restrictions. purchaser to the Company. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or repurchase option shall lapse at such other time rate as the Administrator may determine. (ii)Leave of Absence. The Administrator, Administrator shall have the discretion to determine whether and to what extent the lapsing of Company repurchase rights shall continue during any paid leave and shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, such lapsing shall be tolled during any leave (unless otherwise required by Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant's returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. 14 (c)Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its discretion, may accelerate sole discretion. In addition, the time at which any restrictions will lapse or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares provisions of Restricted Stock granted hereunder may exercise full voting rights Purchase Agreements need not be the same with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period each Participant. (d)Rights as a Holder of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, Capital Stock. Once the Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase and the issuance of the Shares is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which restrictions have not lapsed will revert the record date is prior to the Company and again will become available for grant under date the Plan. Restricted Stock is purchased, except as provided in Section 10 below. View More Arrow
Found in SSTL, Inc. contract
Restricted Stock. (a) Grant Rights to Purchase. Restricted Stock may be issued either alone, in addition to, or in tandem with other awards granted under the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it shall offer Restricted Stock. Subject Stock under the Plan, it shall advise the offeree in writing or electronically of the terms, conditions and restrictions related to the terms and provisions of the Plan, the Administrator, at any time and from time to time, may g...rant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, that such person shall be entitled to purchase, the price to be paid (if any), and the time within which such other terms and conditions as the Administrator, in its sole discretion, will determine. person must accept such offer. (b) Repurchase Option. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on Company a repurchase option according to terms as the Administrator determines. (c) Terms. The term of each Restricted Stock award shall be stated in the Restricted Stock Purchase Agreement; provided, however, that the term shall be no more than ten (10) years from the date of grant thereof. (d) Other Provisions. The Restricted Stock Purchase Agreement shall contain such Shares other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. (e) Rights as a Stockholder. Once the Restricted Stock award is purchased or otherwise issued, the purchaser shall have lapsed. (c) Transferability. Except rights equivalent to those of a stockholder and shall be a stockholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment shall be made for a dividend or other right for which the record date is prior to the date the Restricted Stock is purchased or otherwise issued, except as provided in this Section 7 or the Award Agreement, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end 11 of the applicable Period Plan. -8- 8. Tax Withholding. Prior to the delivery of Restriction. (d) Other Restrictions. any Shares pursuant to an Award (or exercise thereof), the Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant's FICA obligation) required to be withheld with respect to such Award (or exercise thereof). The Administrator, in its sole discretion, may impose discretion and pursuant to such other restrictions on Shares of Restricted Stock procedures as it may deem advisable specify from time to time, shall determine in what manner it shall allow a Participant to satisfy such tax withholding obligation and may permit the Participant to satisfy such tax withholding obligation, in whole or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered part by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day one (1) or more of the Period following: (a) paying cash (or by check), (b) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the minimum amount statutorily required to be withheld, or (c) selling a sufficient number of Restriction or at such other time Shares otherwise deliverable to a Participant through such means as the Administrator Company may determine. The Administrator, determine in its discretion, may accelerate the time at which any restrictions will lapse sole discretion (whether through a broker or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject otherwise) equal to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect minimum amount statutorily required to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. be withheld. View More Arrow
Found in GoDaddy Inc. contract
Restricted Stock. (a) Grant Rights to Purchase. Restricted Stock may be issued either alone, in addition to, or in tandem with other awards granted under the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it shall offer Restricted Stock. Subject Stock under the Plan, it shall advise the offeree in writing or electronically of the terms, conditions and restrictions related to the terms and provisions of the Plan, the Administrator, at any time and from time to time, may g...rant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. (b) Restricted Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the Period of Restriction, offer, including the number of Shares granted, that such person shall be entitled to purchase, the price to be paid (if any), and the time within which such other terms and conditions as the Administrator, in its sole discretion, will determine. person must accept such offer. (b) Repurchase Option. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until Purchase Agreement shall grant the restrictions on Company a repurchase option according to terms as the Administrator determines. (c) Terms. The term of each Restricted Stock award shall be stated in the Restricted Stock Purchase Agreement; provided, however, that the term shall be no more than ten (10) years from the date of grant thereof. (d) Other Provisions. The Restricted Stock Purchase Agreement shall contain such Shares other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. (e) Rights as a Stockholder. Once the Restricted Stock award is purchased or otherwise issued, the purchaser shall have lapsed. (c) Transferability. Except rights equivalent to those of a stockholder and shall be a stockholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the .Company. No adjustment shall be made for a dividend or other right for which the record date is prior to the date the Restricted Stock is purchased or otherwise issued, except as provided in this Section 7 or the Award Agreement, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end 11 of the applicable Period Plan. 8. Tax Withholding. Prior to the delivery of Restriction. (d) Other Restrictions. any Shares pursuant to an Award (or exercise thereof), the Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant's FICA obligation) required to be withheld with respect to such Award (or exercise thereof). The Administrator, in its sole discretion, may impose discretion and pursuant to such other restrictions on Shares of Restricted Stock procedures as it may deem advisable specify from time to time, shall determine in what manner it shall allow a Participant to satisfy such tax withholding obligation and may permit the Participant to satisfy such tax withholding obligation, in whole or appropriate. (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of Restricted Stock covered part by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day one (1) or more of the Period following: (a) paying cash (or by check), (b) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the minimum amount statutorily required to be withheld, or (c) selling a sufficient number of Restriction or at such other time Shares otherwise deliverable to a Participant through such means as the Administrator Company may determine. The Administrator, determine in its discretion, may accelerate the time at which any restrictions will lapse sole discretion (whether through a broker or be removed. (f) Voting Rights. During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. (g) Dividends and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject otherwise) equal to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect minimum amount statutorily required to which they were paid. (h) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. be withheld. View More Arrow
Found in RITTER PHARMACEUTICALS INC contract