Unvested Shares definition

Unvested Shares means Shares that have not yet vested or are subject to a right of repurchase in favor of the Company (or any successor thereto).

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Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

Unvested Shares means “Unvested Shares” as defined in the Award Agreement for an Award.

Examples of Unvested Shares in a sentence

Unvested Shares may not be sold or otherwise transferred by Purchaser without the Company’s prior written consent.
On the Effective Date [all] [●] of the Shares will be Unvested Shares.
The Company and its assignees shall have the option to repurchase all or a portion of the Unvested Shares (defined in Section 5(b) below) on the terms and conditions set forth in this Section 5 (the “Repurchase Option”) if [the Service Provider] [Purchaser] ceases to be employed by the Company (as defined herein) for any reason, or no reason, including without limitation [the Service Provider’s] [Purchaser’s] death, disability, voluntary resignation or termination by the Company with or without cause.
At any time within ninety (90) days after the Termination Date, the Company may elect to repurchase any or all of the Unvested Shares by giving Purchaser written notice of exercise of the Repurchase Option.
No Unvested Shares will become Vested Shares after the Termination Date.

More Definitions of Unvested Shares

Unvested Shares means the total number of Shares multiplied by the Applicable Percentage at the time the Forfeiture Right becomes exercisable by the Company. The “Applicable Percentage” shall be: (i) 100%, less 25% for each full calendar quarter of service completed by the Stockholder with the Company from and after March 31, 2005, and (ii) zero on or after March 31, 2006.

Unvested Shares means the total number of Shares multiplied by the Applicable Percentage at the time the Purchase Option becomes exercisable by the Company. The “Applicable Percentage” shall be (i) 100% during the 12-month period ending , 200 , (ii) [75%] less [6.25%] for each three months of employment completed by the Participant with the Company from and after , 200 , and (iii) zero on or after , 200 .

Unvested Shares means the number of shares of Stock acquired upon exercise of the Option which exceed the Vested Shares determined as of such date.

Unvested Shares means "Unvested Shares" as defined in the Option Agreement.

Unvested Shares means Shares that are not Vested Shares.

Unvested Shares means “Unvested Shares” as defined in the Award Agreement. “Vested Shares” means “Vested Shares” as defined in the Award Agreement.

Unvested Shares for all purposes of the Unvested Share Repurchase Option with the same force and effect as the Unvested Shares immediately prior to the Ownership Change Event. While the aggregate Repurchase Price shall remain the same after such Ownership Change Event, the Repurchase Price per Unvested Share upon exercise of the Unvested Share Repurchase Option following such Ownership Change Event shall be adjusted as appropriate. For purposes of determining the Vested Ratio following an Ownership Change Event, credited Service shall include all Service with any corporation which is a Participating Company at the time the Service is rendered, whether or not such corporation is a Participating Company both before and after the Ownership Change Event.