Common use of Release of Shares From Repurchase Option Clause in Contracts

Release of Shares From Repurchase Option. (a)_____________________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEAR] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTER], provided that the Purchaser does not cease to be a Service Provider prior to the date of any such release.

Appears in 1 contract

Samples: Security Agreement (Roxio Inc)

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Release of Shares From Repurchase Option. (a)______) _______________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEAR] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTER], provided that the Purchaser does not cease to be a Service Provider prior to the date of any such release.

Appears in 1 contract

Samples: Security Agreement (Superconductor Technologies Inc)

Release of Shares From Repurchase Option. (a)______) _______________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of ------------- Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each ------------------ month thereafter], provided that the Purchaser does not cease to be a Service ----------------- Provider prior to the date of any such release.. --

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Garden Com Inc)

Release of Shares From Repurchase Option. (a)______1. _______________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each month thereafter], provided that the Purchaser does not cease to be a Service Provider maintains Continuous Status as an Optionee prior to the date of any such release.

Appears in 1 contract

Samples: Stock Option Agreement (Spectrx Inc)

Release of Shares From Repurchase Option. (a)______) _______________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of -------------- Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each ------------------ month thereafter], provided that the Purchaser does not cease to be a Service ---------------- Provider prior to the date of any such release.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Garden Com Inc)

Release of Shares From Repurchase Option. (a)______) _______________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of ---------- Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each ------------------ month thereafter], provided that the Purchaser does not cease to be a Service ---------------- Provider prior to the date of any such release.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Clearcommerce Corp)

Release of Shares From Repurchase Option. (a)______) _______________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each month thereafter], provided that the Purchaser does not cease to be a Service Provider prior to the date of any such release.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Snap Appliances Inc)

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Release of Shares From Repurchase Option. (a)_____________________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each month thereafter], provided that the Purchaser does not cease to be a Service Provider prior to the date of any such release.

Appears in 1 contract

Samples: Stock Option Agreement (Omm Inc)

Release of Shares From Repurchase Option. (a)______) _______________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each month thereafter], provided that the Purchaser Purchaser's Continuous Status as an Employee or Consultant does not cease to be a Service Provider terminate prior to the date of any such release.

Appears in 1 contract

Samples: Stock Option Agreement and Restricted Stock Purchase Agreement (Cirrus Logic Inc)

Release of Shares From Repurchase Option. (a)______) _______________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEAR] one year after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTER]at the end of each month thereafter, provided that the Purchaser does Purchaser's Continuous Status as an Employee or Consultant has not cease to be a Service Provider terminated prior to the date of any such release.

Appears in 1 contract

Samples: 1996 Stock Plan (Sierra Monitor Corp /Ca/)

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