Common use of Ability to Sell Unpurchased Shares Clause in Contracts

Ability to Sell Unpurchased Shares. Unless all of the Ordinary Shares referred to in the Option Notice are to be purchased as indicated in the Purchase Notice, the Participant may dispose of any Ordinary Shares referred to in the Option Notice that are not to be purchased by the Company to the person or persons specified in the Option Notice during a period of twenty (20) days commencing upon his or her receipt of the Purchase Notice; provided, however, that (i) any such person specified in the Option Notice is not a person listed under Exhibit A hereto, (ii) the Participant shall not Transfer such Ordinary Shares at a lower price or on terms more favorable to the Participant or transferee than those specified in the Option Notice and (iii) the Participant shall not Transfer such Ordinary Shares to a person other than the person or persons specified in the Option Notice; and, provided, further, that such Transfer is consistent with the other provisions and limitations of the Plan, this Option Agreement (including these Terms), and the Exercise Agreement. If the Transfer is not consummated within such twenty (20) day period, the Participant shall again offer such Ordinary Shares to the Company pursuant to the terms of this Section 11 prior to any Transfer to the same or any other person.

Appears in 4 contracts

Samples: Option Agreement (SAMOYED HOLDING LTD), Option Agreement (Hexindai Inc.), Option Agreement (Hexindai Inc.)

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Ability to Sell Unpurchased Shares. Unless all of the Ordinary vested Restricted Shares referred to in the Option Notice are to be purchased as indicated in the Purchase Notice, the Participant may dispose of any Ordinary vested Restricted Shares referred to in the Option Notice that are not to be purchased by the Company to the person or persons specified in the Option Notice during a period of twenty (20) days commencing upon his or her the Participant’s receipt of the Purchase Notice; provided, however, that (i) any such person specified in the Option Notice is not a person listed under Exhibit A hereto, (ii) the Participant shall not Transfer such Ordinary vested Restricted Shares at a lower price or on terms more favorable to the Participant or transferee than those specified in the Option Notice and (iii) the Participant shall not Transfer such Ordinary vested Restricted Shares to a person other than the person or persons specified in the Option Notice; and, provided, further, that such Transfer is consistent with the other provisions and limitations of the Plan, Plan and this Option Agreement (including these Terms), and the Exercise Agreement. If the Transfer is not consummated within such twenty (20) day period, the Participant shall again offer such Ordinary vested Restricted Shares to the Company pursuant to the terms of this Section 11 9 prior to any Transfer to the same or any other person.

Appears in 2 contracts

Samples: Restricted Share Agreement (Lixiang Education Holding Co . LTD), Equity Incentive Plan Restricted Share Agreement (SAMOYED HOLDING LTD)

Ability to Sell Unpurchased Shares. Unless all of the Ordinary Shares referred to in the Option Notice are to be purchased as indicated in the Purchase Notice, the Participant may dispose of any Ordinary Shares referred to in the Option Notice that are not to be purchased by the Company to the person or persons specified in the Option Notice during a period of twenty (20) days commencing upon his or her the Participant’s receipt of the Purchase Notice; provided, however, that (i) any such person specified in the Option Notice is not a person listed under Exhibit A hereto, (ii) the Participant shall not Transfer such Ordinary Shares at a lower price or on terms more favorable to the Participant or transferee than those specified in the Option Notice and (iii) the Participant shall not Transfer such Ordinary Shares to a person other than the person or persons specified in the Option Notice; and, provided, further, that such Transfer is consistent with the other provisions and limitations of the Plan, this Option Agreement (including these Terms), and the Exercise Agreement. If the Transfer is not consummated within such twenty (20) day period, the Participant shall again offer such Ordinary Shares to the Company pursuant to the terms of this Section 11 prior to any Transfer to the same or any other person.

Appears in 1 contract

Samples: Option Agreement (Lixiang Education Holding Co . LTD)

Ability to Sell Unpurchased Shares. Unless all of the Class A Ordinary Shares referred to in the Option Notice are to be purchased as indicated in the Purchase Notice, the Participant may dispose of any Class A Ordinary Shares referred to in the Option Notice that are not to be purchased by the Company to the person or persons specified in the Option Notice during a period of twenty (20) days commencing upon his or her receipt of the Purchase Notice; provided, however, that (i) any such person specified in the Option Notice is not a person listed under Exhibit A hereto, (ii) the Participant shall not Transfer such Class A Ordinary Shares at a lower price or on terms more favorable to the Participant or transferee than those specified in the Option Notice and (iii) the Participant shall not Transfer such Class A Ordinary Shares to a person other than the person or persons specified in the Option Notice; and, provided, further, that such Transfer is consistent with the other provisions and limitations of the Plan, Plan and this Option Agreement (including these Terms), and the Exercise Agreement. If the Transfer is not consummated within such twenty (20) day period, the Participant shall again offer such Class A Ordinary Shares to the Company pursuant to the terms of this Section 11 prior to any Transfer to the same or any other person.

Appears in 1 contract

Samples: Restricted Share Unit Agreement (SAMOYED HOLDING LTD)

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Ability to Sell Unpurchased Shares. Unless all of the Class A Ordinary Shares referred to in the Option Notice are to be purchased as indicated in the Purchase Notice, the Participant may dispose of any Class A Ordinary Shares referred to in the Option Notice that are not to be purchased by the Company to the person or persons specified in the Option Notice during a period of twenty (20) days commencing upon his or her receipt of the Purchase Notice; provided, however, that (i) any such person specified in the Option Notice is not a person listed under Exhibit A hereto, (ii) the Participant shall not Transfer such Class A Ordinary Shares at a lower price or on terms more favorable to the Participant or transferee than those specified in the Option Notice and (iii) the Participant shall not Transfer such Class A Ordinary Shares to a person other than the person or persons specified in the Option Notice; and, provided, further, that such Transfer is consistent with the other provisions and limitations of the Plan, this Option Agreement (including these Terms), and the Exercise Agreement. If the Transfer is not consummated within such twenty (20) day period, the Participant shall again offer such Class A Ordinary Shares to the Company pursuant to the terms of this Section 11 prior to any Transfer to the same or any other person.

Appears in 1 contract

Samples: Option Agreement (SAMOYED HOLDING LTD)

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