Repurchase Options. (a) In the event Purchaser ceases to be employed by the Company and its Subsidiaries for any reason (a “Termination”), all of the Unvested Shares will be subject to repurchase by the Parent pursuant to the terms and conditions set forth in this Section 3 (the “Repurchase Option”).
Appears in 3 contracts
Samples: Restricted Stock Agreement (Sailpoint Technologies Holdings, Inc.), Restricted Stock Agreement (Sailpoint Technologies Holdings, Inc.), Restricted Stock Agreement (Sailpoint Technologies Holdings, Inc.)
Repurchase Options. (a) In the event Purchaser Employee ceases to be employed by the Company and its Subsidiaries for any reason (a “Termination”), all of the Unvested Shares will be subject to repurchase by the Parent pursuant to the terms and conditions set forth in this Section 3 (the “Repurchase Option”).
Appears in 2 contracts
Samples: Senior Management and Restricted Stock Agreement (Sailpoint Technologies Holdings, Inc.), Management and Restricted Stock Agreement (Sailpoint Technologies Holdings, Inc.)
Repurchase Options. (a) In the event Purchaser Executive ceases to be employed by the Company and its Subsidiaries for any reason (a “Termination”), all of the Unvested Shares will be subject to repurchase by the Parent pursuant to the terms and conditions set forth in this Section 3 (the “Repurchase Option”).
Appears in 2 contracts
Samples: Senior Management and Restricted Stock Agreement (Sailpoint Technologies Holdings, Inc.), Management and Restricted Stock Agreement (Sailpoint Technologies Holdings, Inc.)
Repurchase Options. (a) In the event Purchaser ceases to be employed by the Company and its Subsidiaries for any reason (a “Termination”), all of the Unvested Shares Restricted Stock (whether any such shares are held by Purchaser or one or more of Purchaser’s Permitted Transferees (as defined in the Stockholders Agreement) other than the Parent) will be subject to repurchase repurchase, in each case by the Parent and TB pursuant to the terms and conditions set forth in this Section 3 (the “Repurchase Option”).
Appears in 1 contract
Samples: Restricted Stock Agreement (Sailpoint Technologies Holdings, Inc.)