Early Exercise Restricted Stock Sample Clauses

Early Exercise Restricted Stock. Common Stock that is held by a Restricted Stockholder as of the Effective Date and is subject to a Repurchase Right pursuant to the early exercise of an unvested Option granted to the Restricted Stockholder under the Company's 2000 Stock Plan.
Sample 1
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Early Exercise Restricted Stock. Notwithstanding any other provision of the Option Award or these Terms and Conditions, the Participant may exercise all or any part of the Option which is not yet exercisable in accordance with the provisions of this Section 12. In such event, all Shares purchased upon such exercise shall be subject to a repurchase right in favor of the Company at a price, payable in cash in one lump sum, equal to the original purchase price under the Option until the Option which was exercised to purchase the Shares becomes exercisable under the Option Award and these Terms and Conditions without regard to this Section 12. The Company's repurchase right shall arise, if, at any time during the time period described in the preceding sentence, an event which would cause the Option pursuant to which such Shares were acquired to be forfeited occurs and shall be exercised by notice to the Participant for a period of 30 days after such event. While any Shares issued pursuant to the early exercise of the Option provided by this Section 12 are subject to the Company's repurchase right, they may be transferred only as described in the second sentence of Section 9.2, and, in the event of such transfer, shall still remain subject to the Company's repurchase right. While the Shares are subject to the Company's right of repurchase, a legend to that effect shall be placed on such Shares, and the Company shall also have the right to have custody of such certificates. EXHIBIT C NON-QUALIFIED STOCK OPTION AWARD GRANTED UNDER THE DIGITAL XXXXX.XXX INC. FLEXIBLE STOCK PLAN Name of Option Recipient: Xxxxxxxx Xxxxxx ------------------------------------------------------ On January 1, 2001, the Company awarded you a stock option. You were granted an option to buy 200,000 Shares of Common Stock at the per Share price equal to Fair Market Value as of January 1, 2001 as determined by the Committee based on an appraisal by a qualified independent appraiser on or after the earlier of the date set forth in the Terms and Conditions (as defined below) or the dates set forth in the following schedule: Number of Shares for which Date Option is First Exercisable January 1, 2001 33,333 September 1, 2001 33,333 December 31, 2002 66,667 December 31, 2003 66,667 and on or before December 31, 2010. IMPORTANT: By signing below, you agree to be bound by, and acknowledge receipt of, the attached Terms and Conditions of this Non-Qualified Stock Option Award ("Terms and Conditions") and the Digital Xxxxx.xxx, Inc. ...
Sample 1
Early Exercise Restricted Stock. Notwithstanding any other provision of the Option Award or these Terms and Conditions, the Participant may exercise all or any part of the Option which is not yet exercisable in accordance with the provisions of this Section 12. In such event, all Shares purchased upon such exercise shall be subject to a repurchase right in favor of the Company at a price, payable in cash in one lump sum, equal to the original purchase price under the Option until the Option which was exercised to purchase the Shares becomes exercisable under the Option Award and these Terms and Conditions without regard to this Section 12. The Company's repurchase right shall arise, if, at any time during the time period described in the preceding sentence, an event which would cause the Option pursuant to which such Shares were acquired to be forfeited occurs and shall be exercised by notice to the Participant for a period of 30 days after such event. While any Shares issued pursuant to the early exercise of the Option provided by this Section 12 are subject to the Company's repurchase right, they may be transferred only as described in the second sentence of Section 9.2, and, in the event of such transfer, shall still remain subject to the Company's repurchase right. While the Shares are subject to the Company's right of repurchase, a legend to that effect shall be placed on such Shares, and the Company shall also have the right to have custody of such certificates.
Sample 1

Related to Early Exercise Restricted Stock

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

  • Grant of Restricted Shares (a) The Company hereby grants to the Grantee an award (the “Award”) of shares of Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

  • Settlement of Restricted Stock Units 6.1 Subject to Section 9 hereof, promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of Vested Units; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

  • Grant of Restricted Stock Units The Corporation hereby awards to Participant, as of the Award Date, restricted stock units under the Plan. The number of shares of Common Stock underlying the awarded restricted stock units and the applicable service vesting requirements for those units and the underlying Shares are set forth in the Award Notice. The remaining terms and conditions governing the Award shall be as set forth in this Agreement.

  • Grant of Restricted Stock Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Board of Directors hereby grants to the Participant 2,500 restricted shares (the “Restricted Stock”) of common stock of the Company, par value $0.01 per share (“Common Stock”).

  • Grant of Restricted Share Units The Company hereby grants to the Participant [ ].00 restricted share units (the “RSUs”), subject to all of the terms and conditions of this RSU Award Agreement and the Plan.

  • Stock Options; Restricted Stock The foregoing benefits are intended to be in addition to the value of any options to acquire Common Stock of the Company, the exercisability of which is accelerated pursuant to the terms of any stock option agreement, any restricted stock the vesting of which is accelerated pursuant to the terms of the restricted stock agreement, and any other incentive or similar plan heretofore or hereafter adopted by the Company.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

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