Common use of Purchased Stock Clause in Contracts

Purchased Stock. “Purchased Stock” shall mean all shares of the Company’s Common Stock purchased by Employee from the Company (whether purchased prior to or after the date hereof) prior to the date of a Change of Control that are subject to a right of repurchase in favor of the Company (or its successor), which right lapses over time based on continued employment by or services to the Company (or its successor).

Purchased Stock. “Purchased Stock” " shall mean all shares of the --------------- Company’s 's Common Stock purchased by Employee from the Company (whether purchased prior to or after the date hereof) prior to the date of a Change of Control that are is subject to a right of repurchase in favor of the Company (or its successor), which right lapses over time based on continued employment by or services to the Company (or its successor)time.