Common use of Grant of Unvested Share Repurchase Option Clause in Contracts

Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTION").

Appears in 10 contracts

Samples: Exercisable Nonstatutory Stock Option Agreement (Cisco Systems Inc), Exercisable Nonstatutory Stock Option Agreement (Cisco Systems Inc), Nonstatutory Stock Option Agreement (Collegeclub Com Inc)

AutoNDA by SimpleDocs

Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTIONOption").

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Collegeclub Com Inc), Incentive Stock Option Agreement (Collegeclub Com Inc), Exercisable Nonstatutory Stock Option Agreement (Telocity Inc)

Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares Unvested Shares, as defined in Section 11.2 below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTION").

Appears in 2 contracts

Samples: Microislet Inc, Telect Inc

Grant of Unvested Share Repurchase Option. In the event the ----------------------------------------- Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, or if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 below (the "UNVESTED SHARESUnvested Shares"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTIONUnvested Share Repurchase Option").

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Krause L William), Incentive Stock Option Agreement (Krause L William)

Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 below (the "UNVESTED SHARESUnvested Shares"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTION").Shares

Appears in 1 contract

Samples: Stock Option Agreement (Verity Inc \De\)

AutoNDA by SimpleDocs

Grant of Unvested Share Repurchase Option. In the event the Optionee's Company Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, or if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Eventexcept as otherwise may be permitted under the Option Agreement) any shares acquired upon exercise of the Option option which exceed the Vested Shares as defined in Section 11.2 3.2 below (the "UNVESTED SHARESUnvested Shares"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in Sections 3.1 through 3.4 of this Section 11 Agreement (the "UNVESTED SHARE REPURCHASE OPTIONUnvested Share Repurchase Option").

Appears in 1 contract

Samples: Stock Option Grants (Savoir Technology Group Inc/De)

Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTION").. 11.2

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Netscape Communications Corp)

Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 9.2 below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 9 (the "UNVESTED SHARE REPURCHASE OPTION").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ask Jeeves Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.