Common use of Cancellation of Shares Clause in Contracts

Cancellation of Shares. If the Company (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 8 contracts

Samples: Founder Stock Purchase and Shareholder Rights Agreement (Consumer Cooperative Group Inc), Founder Stock Purchase (Consumer Cooperative Group Inc), Restricted Stock Agreement (Danger Inc)

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Cancellation of Shares. If the Company Corporation (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares Shares are to be repurchased shall no longer have any rights as a holder of such shares Shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares Shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company Corporation (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 5 contracts

Samples: Restricted Stock Issuance Agreement (Lifen Inc), Restricted Stock Issuance Agreement (Lifen Inc), Restricted Stock Issuance Agreement (Lifen Inc)

Cancellation of Shares. If the Company (or its assignees) shall make ---------------------- available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 5 contracts

Samples: Restricted Stock Purchase Agreement (Xcel Pharmaceuticals Inc), Restricted Stock Purchase Agreement (Xcel Pharmaceuticals Inc), Employee Stock Purchase Agreement (Newcom Inc)

Cancellation of Shares. If the Company (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Restricted Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 4 contracts

Samples: Restricted Stock Purchase Agreement (Concentric Energy Corp), Restricted Stock Purchase Agreement (Concentric Energy Corp), Restricted Stock Purchase Agreement (Concentric Energy Corp)

Cancellation of Shares. If the Company Corporation (or its assignees) shall make available, at the time and place and in the amount and form provided in this AgreementAmendment, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this AgreementAmendment), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company Corporation (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this AgreementAmendment.

Appears in 4 contracts

Samples: Board of Directors Agreement (Apollo Medical Holdings, Inc.), Board of Directors Agreement (Apollo Medical Holdings, Inc.), Indemnification Agreement (Apollo Medical Holdings, Inc.)

Cancellation of Shares. If the Company (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, time the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 4 contracts

Samples: Founder Stock Repurchase and Vesting Agreement (Paradigm Genetics Inc), Founder Stock Repurchase and Vesting Agreement (Paradigm Genetics Inc), Founder Stock Repurchase and Vesting Agreement (Paradigm Genetics Inc)

Cancellation of Shares. If the Company (or its assignees) Corporation shall make available, at the time and place and in the amount and form provided in this Agreement or the Stockholders Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement or the Stockholders Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement or the Stockholders Agreement), and such . Such shares shall be deemed purchased in accordance with the applicable provisions hereof hereof, and the Company (or its assignees) Corporation shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement or the Stockholders Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Fender Musical Instruments Corp), Stock Purchase Agreement (Fender Musical Instruments Corp)

Cancellation of Shares. If the Company Corporation (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such . Such shares shall be deemed purchased in accordance with the applicable provisions hereof hereof, and the Company Corporation (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 2 contracts

Samples: Option Exercise and Stock Issuance Agreement (Electronic Sensor Technology, Inc), Corporation Stock Purchase Agreement (Broadcom Corp)

Cancellation of Shares. If the Company Corporation (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Acquired Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such . Such shares shall be deemed purchased in accordance with the applicable provisions hereof hereof, and the Company Corporation (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 2 contracts

Samples: Repurchase Option Agreement (Detto), Repurchase Option Agreement (Detto)

Cancellation of Shares. If the Company (or its assignees) shall assignees will make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be repurchased purchased by the Company pursuant to the exercise of the Rights of First Refusal, Repurchase Rights and/or Put Rights in accordance with the provisions of this Agreement, then then, from and after such time, the person from whom such shares Shares are to be repurchased shall will no longer have any rights as a holder Employee of such shares Shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall . Such Shares will be deemed purchased in accordance with the applicable provisions hereof of this Agreement, and the Company (or its assignees) shall assignees will be deemed the owner and holder Employee of such sharesShares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 2 contracts

Samples: Exercise and Early Exercise Notice and Stock Purchase Agreement (Avanade Inc.), And Stock Purchase Agreement (Avanade Inc.)

Cancellation of Shares. If the Company (or its assignees) shall ---------------------- make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be repurchased in accordance with the provisions of this AgreementRepurchase Right, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Tellium Inc)

Cancellation of Shares. If the Company Corporation (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be repurchased purchased in accordance with the provisions Article V of this Agreement, then from and after such time, the person from whom such shares Shares are to be repurchased purchased shall no longer have any rights as a holder of such shares Shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares Shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company Corporation (or its assignees) shall be deemed the owner Owner and holder of such sharesShares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Explanatory Note (Large Scale Biology Corp)

Cancellation of Shares. If the Company Corporation (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be he repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company Corporation (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Nanogen Inc)

Cancellation of Shares. If the Company (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Columbia Hca Healthcare Corp/)

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Cancellation of Shares. If the Company (or its assigneesassigns) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assigneesassigns) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Imp Inc)

Cancellation of Shares. If the Company (or its assignees) shall make ---------------------- available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be repurchased in accordance with the provisions of this AgreementRepurchase Right, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Tellium Inc)

Cancellation of Shares. If the Company (or its assignees) shall make ---------------------- available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Gentle Dental Service Corp)

Cancellation of Shares. If the Company (or its assignees) shall ---------------------- make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cacheflow Inc)

Cancellation of Shares. If the Company Corporation (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be he deemed purchased in accordance with the applicable provisions hereof and the Company Corporation (or car its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Employee Stock Purchase Agreement (Symbion Inc/Tn)

Cancellation of Shares. If the Company (or its assignees) shall make ---------------------- available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be repurchased in accordance with the provisions of this Agreementapplicable Repurchase Right, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Restricted Stock Agreement (Tellium Inc)

Cancellation of Shares. If the Company Corporation (or its assigneesassigns) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Purchased Shares to be repurchased in accordance with the provisions of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with this Agreement), ) and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company Corporation (or its assigneesassigns) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Repurchase Right and Permanent (Xoma Corp /De/)

Cancellation of Shares. If the Company (or its assignees) shall make available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Vested Shares to be repurchased in accordance with the provisions Article VI of this Agreement, then from and after such time, the person from whom such shares are to be repurchased shall no longer have any rights as a holder of such shares (other than the right to receive payment of such consideration in accordance with Article VI of this Agreement), and such shares shall be deemed purchased in accordance with the applicable provisions hereof and the Company (or its assignees) shall be deemed the owner and holder of such shares, whether or not the certificates therefor have been delivered as required by this Agreement.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Hca-the Healthcare Co)

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