Grant of Company Reacquisition Right. In the event that the Participant’s Service terminates for any reason or no reason, with or without cause, the Participant shall forfeit and the Company shall automatically reacquire all Deferred Units which are not, as of the time of such termination, Vested Deferred Units (“Unvested Deferred Units”) except as otherwise provided in Section 5 above, and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”).
Appears in 2 contracts
Samples: Deferred Units Agreement (Wayfair Inc.), Deferred Units Agreement (Wayfair LLC)
Grant of Company Reacquisition Right. In the event that the Participant’s Service terminates for any reason or no reason, with or without cause, the Participant shall forfeit and the Company shall automatically reacquire all Deferred Units which are not, as of the time of such termination, Vested Deferred Units (“Unvested Deferred Units”) except as otherwise provided in Section 5 above, and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”).the
Appears in 2 contracts
Samples: Restricted Stock Units Agreement (Jda Software Group Inc), Restricted Stock Units Agreement (Jda Software Group Inc)
Grant of Company Reacquisition Right. In the event that the Participant’s Service terminates for any reason or no reason, with or without cause, the Participant shall forfeit and the Company shall automatically reacquire all Deferred Units which are not, as of the time of such terminationtermination (taking into account the accelerated vesting pursuant to Section 4.2, if any), Vested Deferred Units (“Unvested Deferred Units”) except as otherwise provided in Section 5 above), and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”).
Appears in 1 contract
Samples: Restricted Stock Units Agreement (Sciclone Pharmaceuticals Inc)