Escrow of Unvested Shares. (a) If this option is exercised as to any Unvested Shares, such Unvested Shares shall be issued in the name of the Employee, but shall be held in escrow by the Company, acting in the capacity of escrow agent, together with a stock assignment executed by the Employee with respect to such Unvested Shares.
Appears in 5 contracts
Samples: www.sec.gov, Incentive Stock Option Agreement (SALARY.COM, Inc), Stock Option Agreement (SALARY.COM, Inc)
Escrow of Unvested Shares. (a) If this option is exercised as to any Unvested Shares, such Unvested Shares shall be issued in the name of the EmployeeOptionee, but shall be held in escrow by the Company, acting in the capacity of escrow agent, together with a stock assignment executed by the Employee Optionee with respect to such Unvested Shares.
Appears in 5 contracts
Samples: Non Qualified Stock Option and Stock Repurchase Agreement (Eroom Technology Inc), Qualified Stock Option Agreement (Red Hat Inc), And Stock Repurchase Agreement (Eroom Technology Inc)
