Common use of Unvested Share Repurchase Option Clause in Contracts

Unvested Share Repurchase Option. In the event the Optionee's -------------------------------- employment with the Company is terminated for any reason, with or without cause, or if the Optionee or the Optionee's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of any shares acquired upon exercise of the Option which have not vested in the Optionee pursuant to paragraph 8(a) below (the "Unvested Shares"), the Company shall have the right to reacquire the Unvested Shares under the terms and subject to the conditions set forth in this paragraph 8 (the "Unvested Share Repurchase Option").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Consilium Inc)

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Unvested Share Repurchase Option. In the event the Optionee's -------------------------------- employment with the Company is terminated for any reason, with or without cause, or if the Optionee or the Optionee's legal representative or other holder of shares acquired pursuant to the Option attempts to sell, exchange, transfer, pledge or otherwise dispose of any shares acquired upon exercise of the Option which have not vested in the Optionee pursuant to paragraph 8(a) below (Section 4(c), other than pursuant to a "Sale of the "Unvested Shares")Company" as defined below, the Company shall have the right to reacquire repurchase the Unvested Shares unvested shares under the terms and subject to the conditions set forth in this paragraph 8 (the "Unvested Share Repurchase Option")Section 11.

Appears in 1 contract

Samples: Stock Option Agreement (Bay Networks Inc)

Unvested Share Repurchase Option. In the event the Optionee's -------------------------------- employment with the Company is terminated for any reason, with or without cause, or if the Optionee or the Optionee's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of any shares acquired upon exercise of the Option which have not vested in the Optionee pursuant to paragraph 8(a10(a) below (the "Unvested Shares"), the Company shall have the right to reacquire the Unvested Shares under the terms and subject to the conditions set forth in this paragraph 8 10 (the "Unvested Share Repurchase Option").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Consilium Inc)

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Unvested Share Repurchase Option. In the event the Optionee's -------------------------------- employment with the Participating Company Group is terminated for any reason, with or without cause, or if the Optionee or the Optionee's legal representative attempts to sell, exchange, transfer, pledge pledge, or otherwise dispose of (other than pursuant to an Ownership Change) any shares acquired upon exercise of the Option which have not vested exceed the Optionee's Vested Shares as defined in the Optionee pursuant to paragraph 8(a11(b) below (the "Unvested SharesUNVESTED SHARES"), the Company shall have the right to reacquire repurchase the Unvested Shares under the terms and subject to the conditions set forth in this paragraph 8 11 (the "Unvested Share Repurchase OptionUNVESTED SHARE REPURCHASE OPTION").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ciena Corp)

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