Release/Surrender. (a) If the Company exercises the Repurchase Option with respect to any Unvested Shares, then the escrowed certificates for such Unvested Shares or the certificates representing such Unvested Shares (together with any other assets or securities issued with respect to such Unvested Shares) shall be delivered to the Company for cancellation, concurrently with the payment to Founder of the amount provided for in Section 2.2(a) above, as applicable, and Founder shall cease to have any further rights or claims with respect to such Unvested Shares (or other assets or securities).
Appears in 4 contracts
Samples: Stock Restriction Agreement (CreditCards.com, Inc.), Stock Restriction Agreement (CreditCards.com, Inc.), Stock Restriction Agreement (CreditCards.com, Inc.)
Release/Surrender. (a) If the Company exercises the Repurchase Option with respect to any Unvested Shares, then the escrowed certificates for such Unvested Shares or the certificates representing such Unvested Shares (together with any other assets or securities issued with respect to such Unvested Shares) shall be delivered to the Company for cancellation, concurrently with the payment to Founder of the amount provided for in Section 2.2(a3.2(a) above, as applicable, and Founder shall cease to have any further rights or claims with respect to such Unvested Shares (or other assets or securities).
Appears in 4 contracts
Samples: Founder Stock Purchase Agreement (CreditCards.com, Inc.), Founder Stock Purchase Agreement (CreditCards.com, Inc.), Founder Stock Purchase Agreement (CreditCards.com, Inc.)
