Common use of Termination of Rights Clause in Contracts

Termination of Rights. The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 6 contracts

Samples: Common Stock Purchase Agreement (Avantgo Inc), Restricted Stock Purchase Agreement (Petopia Com Inc), Common Stock Purchase Agreement (Avantgo Inc)

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Termination of Rights. The right Right of first refusal granted the --------------------- Company by Section 3(b) above First Refusal and the option Company's right to repurchase the Shares in the event of an involuntary transfer granted the Company by pursuant to Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon termination of the right Right of first refusal described in Section 3(b) First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 6 contracts

Samples: Restricted Stock Purchase Agreement (Simplex Solutions Inc), Restricted Stock Purchase Agreement (Pets Com Inc), Notice and Restricted Stock Purchase Agreement (Quest Software Inc)

Termination of Rights. The right of first refusal granted the --------------------- Company by Section 3(b3(a) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c3(b) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). Upon termination of the right of first refusal described in Section 3(b3(a) and the expiration or exercise of the Repurchase Optionabove, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii5(a)(ii) below herein and delivered to Purchaser.

Appears in 3 contracts

Samples: Stock Option Agreement (Orexigen Therapeutics, Inc.), Stock Option Agreement (Orexigen Therapeutics, Inc.), Stock Option Plan (Verisign Inc/Ca)

Termination of Rights. The right Right of first refusal granted the --------------------- Company by Section 3(b) above First Refusal and the option to --------------------- repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon -------------- termination of the right Right of first refusal described in Section 3(b) First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (Onvia Com Inc), Common Stock Purchase Agreement (Onvia Com Inc), Common Stock Purchase Agreement (Onvia Com Inc)

Termination of Rights. The right Right of first refusal granted the --------------------- Company by Section 3(b) above First Refusal and the option --------------------- to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon -------------- termination of the right Right of first refusal described in Section 3(b) First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (Onvia Com Inc), Common Stock Purchase Agreement (Onvia Com Inc), Common Stock Purchase Agreement (Onvia Com Inc)

Termination of Rights. The right of first refusal granted the --------------------- Company by Section 3(b4(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c4(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b4(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii7(a)(ii) below and delivered to Purchaser.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (Rosetta Inpharmatics Inc), Common Stock Purchase Agreement (Rosetta Inpharmatics Inc), Common Stock Purchase Agreement (Rosetta Inpharmatics Inc)

Termination of Rights. The right Right of first refusal granted First Refusal and the --------------------- Company by Section 3(b) above and the option Company's right to repurchase the Shares in the event of an involuntary transfer granted the Company by pursuant to Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon -------------- termination of the right Right of first refusal described in Section 3(b) First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Drugstore Com Inc), Restricted Stock Purchase Agreement (Drugstore Com Inc)

Termination of Rights. The right of first refusal granted the --------------------- Company by Section 3(b3(a) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c3(b) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). Upon termination of the right of first refusal described in Section Sections 3(a) and 3(b) and the expiration or exercise of the Repurchase Optionabove, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii5(a)(ii) below herein and delivered to Purchaser.

Appears in 2 contracts

Samples: Notice and Restricted Stock Purchase Agreement (Neothetics, Inc.), Notice and Restricted Stock Purchase Agreement (Neothetics, Inc.)

Termination of Rights. The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Optionabove, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below herein and delivered to Purchaser.

Appears in 2 contracts

Samples: Notice and Restricted Stock Purchase Agreement (Neothetics, Inc.), Notice and Restricted Stock Purchase Agreement (Neothetics, Inc.)

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Termination of Rights. The right of first refusal granted the --------------------- Company by Section 3(b) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared -5- 6 effective by the Securities and Exchange Commission under the Securities Act. Upon termination of the right of first refusal described in Section 3(b) and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (E Piphany Inc)

Termination of Rights. The right Right of first refusal granted the --------------------- Company by Section 3(b) above First Refusal and the option Company's right to repurchase the Shares in the event of an involuntary transfer granted the Company by pursuant to Section 3(c3(d) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act" ). Upon termination of the right Right of first refusal described in Section 3(b) First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Niku Corp)

Termination of Rights. The right Right of first refusal granted the --------------------- Company by Section 3(b) above First Refusal and the option to --------------------- repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon termination of the right Right of first refusal described in Section 3(b) First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Onvia Com Inc)

Termination of Rights. The right Right of first refusal granted the --------------------- Company by Section 3(b) above First Refusal and the option Company's right to repurchase the Shares in the event of an involuntary transfer granted the Company by pursuant to Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon termination of the right Right of first refusal described in Section 3(b) First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend Legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Simplex Solutions Inc)

Termination of Rights. The right Right of first refusal granted the --------------------- Company by Section 3(b) above First Refusal and the option Company's right to repurchase the Shares in the event of an involuntary transfer granted the Company by pursuant to Section 3(c3(d) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon termination of the right Right of first refusal described in Section 3(b) First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Niku Corp)

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