Early Exercise. Notwithstanding the vesting schedule set forth in paragraph (a), the Participant may elect to exercise this option as to the Unvested Shares (in addition to the Vested Shares) if simultaneously with such exercise the Participant enters into a Stock Restriction Agreement with the Company in the form attached hereto as Exhibit A (the “Stock Restriction Agreement”). The Stock Restriction Agreement provides that the Unvested Shares shall be subject to a right of repurchase (the “Purchase Option”) in favor of the Company in the event that the Participant ceases to be an employee of the Company, as that term is defined in the Plan.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Elixir Pharmaceuticals Inc), Incentive Stock Option Agreement (Infinity Pharmaceuticals, Inc.)
Early Exercise. Notwithstanding the vesting schedule set forth in paragraph (a), the Participant may elect to exercise this option as to the Unvested Shares (in addition to the Vested Shares) if simultaneously with such exercise the Participant enters into a Stock Restriction Agreement with the Company in the form attached hereto as Exhibit A (the “Stock Restriction Agreement”). The Stock Restriction Agreement provides that the Unvested Shares shall be subject to a right of repurchase (the “Purchase Option”) in favor of the Company in the event that the Participant ceases to be an employee of provide services to the Company, as that term is defined in the Plan.
Appears in 2 contracts
Sources: Non Statutory Stock Option Agreement (Infinity Pharmaceuticals, Inc.), Non Statutory Stock Option Agreement (Infinity Pharmaceuticals, Inc.)