Common use of Grant of Company Reacquisition Right Clause in Contracts

Grant of Company Reacquisition Right. In the event that the Grantee’s Service ends for any reason, the Grantee shall forfeit and the Company shall automatically reacquire all Units for which the Service Condition has not been satisfied as of the time of such end of Grantee’s Service in accordance with Section 3 (the “Unvested Units”), and the Grantee shall not be entitled to any payment therefor (the “Company Reacquisition Right”).

Appears in 4 contracts

Samples: Restricted Stock Units Agreement (Pure Bioscience, Inc.), Restricted Stock Units Agreement (Pure Bioscience, Inc.), Restricted Stock Units Agreement (NuGene International, Inc.)

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Grant of Company Reacquisition Right. In the event that the Grantee’s Service ends terminates for any reason, the Grantee shall forfeit and the Company shall automatically reacquire all Units for which the applicable Service Condition has not been satisfied as of the time of such end of Grantee’s Service termination in accordance with Section 3 (the “Unvested Units”), and the Grantee shall not be entitled to any payment therefor (the “Company Reacquisition Right”).

Appears in 4 contracts

Samples: Restricted Stock Units Agreement (Pure Bioscience, Inc.), Restricted Stock Units Agreement (Pure Bioscience, Inc.), Restricted Stock Units Agreement (Pure Bioscience, Inc.)

Grant of Company Reacquisition Right. In the event that the Grantee’s Service ends terminates for any reason, the Grantee shall forfeit and the Company shall automatically reacquire all Units for which the applicable Service Condition or Performance Condition has not been satisfied as of the time of such end of Grantee’s Service termination in accordance with Section 3 (the “Unvested Units”), and the Grantee shall not be entitled to any payment therefor (the “Company Reacquisition Right”).

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Pure Bioscience, Inc.), Restricted Stock Units Agreement (Pure Bioscience, Inc.)

Grant of Company Reacquisition Right. In Except as provided by Section 3.5, in the event that the Grantee’s Service ends terminates for any reason or no reason, with or without cause, the Grantee shall forfeit and the Company shall automatically reacquire all Units for which the Service Condition has not been satisfied are not, as of the time of such end of Grantee’s Service in accordance with Section 3 termination, Vested Units (the “Unvested Units”), and the Grantee shall not be entitled to any payment therefor (the “Company Reacquisition Right”).

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Lsi Corp)

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Grant of Company Reacquisition Right. In the event that the Grantee’s Service ends terminates for any reason, the Grantee shall forfeit and the Company shall automatically reacquire all Units for which the Service Condition has not been satisfied as of the time of such end of Grantee’s Service termination in accordance with Section 3 (the “Unvested Units”), and the Grantee shall not be entitled to any payment therefor (the “Company Reacquisition Right”).

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Pure Bioscience, Inc.)

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