Common use of RIGHT OF REACQUISITION Clause in Contracts

RIGHT OF REACQUISITION. The Company shall simultaneously with the termination of your Continuous Service automatically reacquire (the “Reacquisition Right”) for no consideration all of the Unvested Shares, unless the Company agrees to waive its Reacquisition Right as to some or all of the Unvested Shares. Any such waiver shall be exercised by the Company by written notice to you or your representative (with a copy to the Escrow Agent, as defined below) within ninety (90) days after the termination of your Continuous Service, and the Escrow Agent may then release to you the number of Unvested Shares not being reacquired by the Company. If the Company does not waive its Reacquisition Right as to all of the Unvested Shares, then upon such termination of your Continuous Service, the Escrow Agent shall transfer to the Company the number of Unvested Shares the Company is reacquiring. The Reacquisition Right shall expire when all of the shares have become Vested Shares in accordance with Section 1.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Quovadx Inc), Restricted Stock Award Agreement (Quovadx Inc)

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RIGHT OF REACQUISITION. The Company shall simultaneously with the your termination of your Continuous as a Service Provider automatically reacquire (the “Reacquisition Right”) for no consideration all of the Unvested Shares, unless the Company agrees to waive its Reacquisition Right as to some or all of the Unvested Shares. Any such waiver shall be exercised by the Company by written notice to you or your representative (with a copy to the Escrow Agent, as defined below) within ninety (90) days after the your termination of your Continuous Serviceas a Service Provider, and the Escrow Agent may then release to you the number of Unvested Shares not being reacquired by the Company. If the Company does not waive its Reacquisition Right as to all of the Unvested Shares, then upon such termination of your Continuous Serviceas a Service Provider, the Escrow Agent shall transfer to the Company the number of Unvested Shares the Company is reacquiring. The Reacquisition Right shall expire when all of the shares have become Vested Shares in accordance with Section 1Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Geron Corp)

RIGHT OF REACQUISITION. The Company shall simultaneously with the termination your Termination of your Continuous Service automatically reacquire (the “Reacquisition Right”) for no consideration all of the Unvested Shares, unless the Company agrees to waive its Reacquisition Right as to some or all of the Unvested Shares. Any such waiver shall be exercised by the Company by written notice to you or your representative (with a copy to the Escrow Agent, as defined below) within ninety (90) days after the termination your Termination of your Continuous Service, and the Escrow Agent may then release to you the number of Unvested Shares not being reacquired by the Company. If the Company does not waive its Reacquisition Right as to all of the Unvested Shares, then upon such termination Termination of your Continuous Service, the Escrow Agent shall transfer to the Company the number of Unvested Shares the Company is reacquiring. The Reacquisition Right shall expire when all of the shares have become Vested Shares in accordance with Section 1Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Geron Corp)

RIGHT OF REACQUISITION. The Company shall simultaneously with the termination your Termination of your Continuous Service Employment automatically reacquire (the “Reacquisition Right”) for no consideration all of the Unvested Shares, unless the Company agrees to waive its Reacquisition Right as to some or all of the Unvested Shares. Any such waiver shall be exercised by the Company by written notice to you or your representative (with a copy to the Escrow Agent, as defined below) within ninety (90) days after the termination your Termination of your Continuous ServiceEmployment, and the Escrow Agent may then release to you the number of Unvested Shares not being reacquired by the Company. If the Company does not waive its Reacquisition Right as to all of the Unvested Shares, then upon such termination Termination of your Continuous ServiceEmployment, the Escrow Agent shall transfer to the Company the number of Unvested Shares the Company is reacquiring. The Reacquisition Right shall expire when all of the shares have become Vested Shares in accordance with Section 1Shares.

Appears in 1 contract

Samples: Award Plan Restricted Stock Award Agreement (Gen Probe Inc)

RIGHT OF REACQUISITION. The Company Corporation shall simultaneously with the termination of your Continuous Service Board service automatically reacquire (the “Reacquisition Right”) for no consideration all of the Unvested Shares, unless the Company Corporation agrees to waive its Reacquisition Right as to some or all of the Unvested Shares. Any such waiver shall be exercised by the Company Corporation by written notice to you or your representative (with a copy to the Escrow Agent, as defined below) within ninety (90) days after the termination of your Continuous ServiceBoard service, and the Escrow Agent may then release to you the number of Unvested Shares not being reacquired by the CompanyCorporation. If the Company Corporation does not waive its Reacquisition Right reacquisition right as to all of the Unvested Shares, then upon such termination of your Continuous ServiceBoard service, the Escrow Agent shall transfer to the Company Corporation the number of Unvested Shares the Company Corporation is reacquiring. The Reacquisition Right shall expire when all of the shares have become Vested Shares in accordance with Section 14.

Appears in 1 contract

Samples: Notice and Award Agreement (Synopsys Inc)

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RIGHT OF REACQUISITION. The Company shall simultaneously upon the earlier to occur of the end of the Performance Period or with the termination your Termination of your Continuous Service Service, automatically reacquire (the “Reacquisition Right”) for no consideration all of the Unvested Shares, unless the Company agrees to waive its Reacquisition Right as to some or all of the Unvested Shares. Any such waiver shall be exercised by the Company by written notice to you or your representative (with a copy to the Escrow Agent, as defined below) within ninety (90) days after the termination your Termination of your Continuous Service, and the Escrow Agent may then release to you the number of Unvested Shares not being reacquired by the Company. If the Company does not waive its Reacquisition Right as to all of the Unvested Shares, then upon such termination Termination of your Continuous Service, the Escrow Agent shall transfer to the Company the number of Unvested Shares the Company is reacquiring. The Reacquisition Right shall expire when all of the shares have become Vested Shares in accordance with Section 1Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Geron Corp)

RIGHT OF REACQUISITION. The Company shall simultaneously with the termination of your Continuous Service automatically reacquire (the “Reacquisition Right”) for no consideration all of the Unvested Shares, unless the Company agrees to waive its Reacquisition Right as to some or all of the Unvested Shares. Any such waiver shall be exercised by the Company by written notice to you or your representative (with a copy to the Escrow Agent, as defined below) within ninety (90) days after the termination of your Continuous Service, and the Escrow Agent may then release to you the number of Unvested Shares not being reacquired by the Company. If the Company does not waive its Reacquisition Right reacquisition right as to all of the Unvested Shares, then upon such termination of your Continuous Service, the Escrow Agent shall transfer to the Company the number of Unvested Shares the Company is reacquiring. The Reacquisition Right shall expire when all of the shares have become Vested Shares in accordance with Section 1Shares.

Appears in 1 contract

Samples: Plan Restricted Stock Award Agreement (Ditech Networks Inc)

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