Restricted Stock Purchase Agreements. A Participant shall have no rights with respect to the shares of Restricted Stock covered by a Stock Purchase Agreement until the Participant has paid the full Purchase Price to the Company in the manner set forth in Section 6.3 hereof and has executed and delivered to the Company the Stock Purchase Agreement. Each Stock Purchase Agreement shall be in such form, and shall set forth the Purchase Price and such other terms, conditions and restrictions of the Restricted Stock, not inconsistent with the provisions of this Plan, as the Administrator shall, from time to time, deem desirable. Each Stock Purchase Agreement may be different from each other Stock Purchase Agreement.
Restricted Stock Purchase Agreements. 2 SECTION 7 MISCELLANEOUS.......................................................... 2
Restricted Stock Purchase Agreements. The Company shall have executed ------------------------------------ and delivered to each of Xxx XxXxxxxx and Xxxxxx Xxxxxxxxx a Restricted Stock Purchase Agreement in the form attached hereto as Exhibit J entitling them to --------- purchase 1,043,111 and 387,283 shares of Common Stock, respectively, at a --------- purchase price of $.20 per share.
Restricted Stock Purchase Agreements. Seller shall have executed ------------------------------------ the Restricted Stock Purchase Agreement between Seller and Buyer, and Seller shall have caused each of Seller's Designees to have executed their respective Restricted Stock Purchase Agreements with Buyer.
Restricted Stock Purchase Agreements. To the extent not expressly amended hereby, the Agreements will remain in full force and effect.
Restricted Stock Purchase Agreements. The Company and Xxxx Xxxxxx shall have executed and delivered a Restricted Stock Purchase Agreement relating to the purchase of 3,500,000 shares of Common Stock, and Xxxxxxxx Xxxxxx shall have executed and delivered a Restricted Stock Purchase Agreement relating to the purchase of 2,000,000 shares of Common Stock, which agreements shall be in the form attached hereto as Exhibit I.
Restricted Stock Purchase Agreements. In January 1996, JTS made loans to each of Davix X. Xxxxxxxx, Xxnnxxx X. Xxxx xxx Virgxxxx Xxxxxx xx connection with the purchase by such individuals of 2,000,000 shares, 300,000 shares, and 250,000 shares of JTS Common Stock, respectively, at a purchase price of $0.25 per share. Each purchaser executed a restricted stock purchase agreement (each, a "Restricted Stock Purchase Agreement") granting JTS a right of repurchase as to such shares in the event the purchasers' employment with JTS terminates. With respect to Mr. Xxxxxxxx, 000,000 shares of the JTS Common Stock purchased were immediately vested, and JTS' repurchase right lapses monthly with respect to the remainder of such shares at the rate of 1/48th per month. With respect to the shares purchased by Mr. Wing, JTS' repurchase right lapsed as to one-eighth of such shares in January 1996 and as to 1/48th of such shares monthly thereafter. With respect to the shares purchased by Ms. Xxxxxx, XXS' repurchase right lapsed as to one-eighth of such shares in May 1996 and as to 1/48th of such shares monthly thereafter. In addition, the Restricted Stock Purchase Agreements provide that JTS' repurchase right shall lapse entirely upon certain events following a change in control of JTS. Mr.
Restricted Stock Purchase Agreements. 7 1.22 Amendment of Charter and By-Laws................................................ 8 1.23 Financings...................................................................... 8 1.24
Restricted Stock Purchase Agreements. Except for grants of options to ------------------------------------ purchase Common Stock granted by the Compensation Committee pursuant to the Company's 1992 Stock Option Plan or any other plan adopted by the Board of Directors, and the issuance of such Common Stock upon the exercise thereof, the Company shall not issue any of its capital stock, or grant an option to purchase any of its capital stock, to any employee, officer or director of, or any consultant to, the Company or a subsidiary unless (i) the Company requires as a condition to the issuance of stock pursuant thereto the execution of an agreement embodying terms substantially similar to the terms embodied in the Restricted Stock Purchase Agreement attached as Exhibit E, and (ii) the --------- provisions of such agreement governing the vesting of shares thereunder shall have been approved by the Compensation Committee of the Board of Directors in accordance with Section 1.9. All such issuances and grants shall be subject to approval by the Compensation Committee of the Board of Directors as provided in Section 1.9.
Restricted Stock Purchase Agreements. In connection with your separation from service with the Company, the Company has the right to repurchase 15,870 shares (the “Restricted Shares”) of the Company’s Common Stock currently held by you pursuant to the Company’s 2004 Incentive Stock Plan, which right the Company has the right to exercise, and would exercise, but for the agreements set forth in this letter agreement and the attached Agreement and General Release. Of the Restricted Shares, 3,370 shares (the “2004 Bonus Shares”) are covered by a Restricted Stock Purchase Agreement dated as of February 24, 2005 between the Company and you, 4,500 shares (the “2005 Bonus Shares”) are covered by a Restricted Stock Purchase Agreement dated as of March 24, 2006 between the Company and you, and 8,000 shares (the “2006 Award”) are covered by a Restricted Stock Purchase Agreement dated as of March 24, 2006 between the Company and you (collectively, the “Restricted Stock Purchase Agreements”). Under the terms of the Restricted Stock Purchase Agreements, the Company has the right to repurchase the Restricted Shares upon termination of your employment to the extent they have not vested in accordance with their terms, which terms provide for such vesting at various times after the date hereof through March 24, 2009 (the “Remaining Vesting Period”). If this letter agreement becomes effective, then, in consideration of your execution and delivery of the Agreement and General Release and its binding effect and your agreement not to compete with the Company as provided above, and as further consideration for your services as a consultant and your other undertakings with respect thereto set forth above under the caption “Consulting Relationship,” the Company agrees that, except as set forth herein, it will refrain from repurchasing the 2004 Bonus Shares and the 2005 Bonus Shares during the Remaining Vesting Period, it being understood, however, that the Company’s right to repurchase the 2004 Bonus Shares and the 2005 Bonus Shares shall continue in accordance with the terms of the applicable Restricted Stock Purchase Agreements for the duration of the Remaining Vesting Period, and if, as determined by the Company in its reasonable discretion, you violate any provision of paragraphs (f), (g) or (h) above under the caption “Consulting Relationship” or fail or refuse to provide the consulting services provided for in this letter agreement prior to the expiration of the Remaining Vesting Period, the 2004 Bonus Shares an...
