Unvested Company Shares definition

Unvested Company Shares means shares of Company Capital Stock that are not vested under the terms of any Contract with the Company or subject to forfeiture or a right of repurchase by the Company (including any stock option agreement, stock option exercise agreement or restricted stock purchase agreement).

Unvested Company Shares means any shares of Company Capital Stock that are unvested or subject to a repurchase option, vesting schedule or any other condition providing that such shares may be forfeited to or repurchased by the Company upon any termination of the relevant relationship (including employment or directorship) of the Company with the holder (or prior holder thereof) under the terms of any Contract with the Company (including any restricted stock purchase agreement, stock option agreement or stock option exercise agreement).

Unvested Company Shares means all Company Ordinary Shares that are subject to a right of repurchase by the Company or other similar risk of forfeiture to the Company (whether pursuant to a Share Restriction Agreement executed in connection with or at any time following the issuance of such Company Ordinary Shares or otherwise), as of immediately prior to the Closing, and is not released from such right of repurchase or other restriction in connection with or as a result of the Closing.

Examples of Unvested Company Shares in a sentence

• Except as expressly provided for in this Agreement, there are no executory Contracts relating to voting, purchase or sale of any Company Capital Stock between or among the Company and any of the Company’s stockholders, other than written Contracts granting the Company the right to purchase Unvested Company Shares upon termination of employment or service.

• None of the shares of Company Capital Stock are Unvested Company Shares.

• Each share of Company Common Stock, including any Unvested Company Shares, held by an Unaccredited Stockholder immediately prior to the Effective Time (other than Dissenting Shares and shares that are owned by the Company as treasury stock) shall be cancelled and automatically converted into the right to receive, subject to and in accordance with Section 1.4, an amount in cash, without interest, equal to the Cash-Out Per Share Consideration.

• The “ Acceleration Designee ” shall initially be Jan Koum, and shall thereafter be his designated successor, or that Person’s designated successor, as the case may be, provided that , if the Acceleration Designee is unable to appoint a successor due to incapacitation or otherwise, the Acceleration Designee shall be the Stockholders’ Agent, and provided further that no Acceleration Designee shall be permitted to act with respect to their own Unvested Company Shares.

• Ms. Therrien requested that the Chief of Police come forward to speak on the call report.

More Definitions of Unvested Company Shares

Unvested Company Shares means any shares of Company Capital Stock that are not vested under the terms of any Contract with the Company (including any stock option agreement, or stock option exercise agreement, or restricted stock purchase agreement) as of immediately prior to the Effective Time.

Unvested Company Shares has the meaning set forth in Section 3.5.

Unvested Company Shares means all outstanding shares of Company Common Stock subject to repurchase and forfeiture rights held by the Company as of the Effective Time.

Unvested Company Shares means outstanding shares of Company Common Stock that are subject to a repurchase option or risk of forfeiture as of immediately prior to the Effective Time (after giving effect to any acceleration of vesting that occurs at or prior to the Effective Time or otherwise in connection with the consummation of the Merger).

Unvested Company Shares is defined in Section 1.9(a).

Unvested Company Shares means any shares of Company Common Stock that, as of the close of business on the day prior to the Supporting Stockholder Option Trigger Date, are unvested or subject to a repurchase option, vesting schedule or any other condition providing that such shares may be forfeited to or repurchased by the Company upon any termination of the relevant relationship (including employment or directorship) of the Company with the holder (or prior holder thereof) under the terms of any Contract with the Company (including any restricted stock purchase agreement, stock option agreement or stock option exercise agreement), but shall not include any shares of Company Common Stock that prior to the close of business on the Supporting Stockholder Option Trigger Date had been forfeited or repurchased by the Company. Other capitalized terms defined elsewhere in this Agreement and not defined in this Article I shall have the meanings assigned to such terms in this Agreement in the sections referenced below. Defined Term Section Administaff Agreement 2.11 Agreement Date Preamble Bonus Recipient Payment Conditions 2.2(c)(ii)(1)

Unvested Company Shares means any shares of Company Capital Stock that are restricted, subject to forfeiture or otherwise not fully vested under the terms of any Contract with the Company at the Effective Time. “willful and material breach” (and, with correlative meaning, “willfully and materially breach”) means a material breach that is a consequence of an act or failure to act undertaken by the breaching party with the knowledge that the taking of or failure to take such act would cause a breach of this Agreement.