Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Shares subject to this option in accordance with the vesting schedule set forth in the Notice of Stock Option Grant. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee immediately after the Change in Control or to its parent or subsidiary.
Lapse of Repurchase Right. Xxxxxxx shall acquire a vested ------------------------- interest in and the Company's Right of Repurchase shall lapse with respect to 1/36th of the Restricted Shares upon Xxxxxxx'x completion of each of the next twenty five (25) months of continuous employment after the date hereof, such that Xxxxxxx would be fully vested in the Restricted Shares at the expiration of twenty five (25) months from the date hereof. The Right of Repurchase shall lapse with respect to all remaining Restricted Shares if the Company is subject to a Change in Control (as defined in the Employment Agreement) before Xxxxxxx'x employment terminates.
Lapse of Repurchase Right. (i) Notwithstanding any provisions of the Plan to the contrary, the Right of Repurchase with respect to such number of the Restricted Shares that, when considered in connection with all other payments to be made to the Purchaser in connection with the Closing, would result in the Purchaser receiving the maximum amount he could receive without the acceleration of the Restricted Shares (and all other applicable payments) being subject to the excise tax provisions of Section 4999 of the Code, shall lapse upon the Closing, so long as the Purchaser continues to be a Service Provider at all times from the Effective Date through the Closing (such number of Restricted Shares as shall so vest upon the Closing to be referred to herein as the “Accelerated Shares”). Except as otherwise provided in Section 2(b)(ii), the Right of Repurchase with respect to the remaining Restricted Shares (i.e., all Restricted Shares other than the Accelerated Shares) shall lapse with respect to 33 1/3 percent (33 1/3%) of such remaining Restricted Shares on each of the first, second and third anniversaries of the Closing, so long as the Purchaser continues to be a Service Provider at all times from the Effective Date through each such anniversary. The determination of the number of Accelerated Shares shall be made by an accounting firm selected by the Company and consented to by the Purchaser, which consent shall not be unreasonably withheld.
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Restricted Shares in accordance with the vesting schedule set forth in the Grant Notice, or otherwise in accordance with Section 12(b) of the Plan.
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to 1/36th of the Purchased Shares when the Purchaser completes each month of continuous Service after the Vesting Commencement Date. In addition, the following rules shall apply:
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the first 25% of the Restricted Shares when the Founder completes 12 months of continuous Service following January 1, 2003, and thereafter the Right of Repurchase shall lapse with respect to an additional l/48th of the Restricted Shares when the Founder completes each month of continuous Service.
Lapse of Repurchase Right. (i) Except as otherwise provided in Section 2(b)(ii), the Right of Repurchase shall lapse with respect to every 10% portion of the Restricted Shares, (being 10,000 shares) in each of the first through the tenth years from the Effective Date, each such year being a vesting year ending on the respective anniversary date of the Effective Date.
Lapse of Repurchase Right. The Repurchase Right shall exist only with respect to the unvested Restricted Shares and shall lapse in accordance with the vesting schedule.
Lapse of Repurchase Right. The Unvested Repurchase Right shall lapse with respect to the Shares subject to this Option in accordance with the vesting schedule set forth in the first page of this Agreement. In addition, the Unvested Repurchase Right shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Corporate Transaction before the Optionee's Service terminates and (ii) the Unvested Repurchase Right is not assigned to the Successor Corporation or to its parent or subsidiary. Even if the Shares subject to this Option are no longer subject to the Unvested Repurchase Right, the Shares subject to this Option shall remain subject to any other restrictions in this Agreement, the Plan and the Stock Purchase Agreement and its Buy-Sell Provisions, including but not limited to the Vested Repurchase Right, as described therein.
