Termination of the Repurchase Right. (a) The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 4.2. In addition, the Repurchase Right shall terminate, and cease to be exercisable, with respect to any and all Purchased Shares in which the Purchaser vests in accordance with the schedule below. Accordingly, provided the Purchaser continues to be an employee of the Corporation, the Purchaser shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Purchased Shares in accordance with the following provisions:
Appears in 3 contracts
Samples: Employee Stock Purchase Agreement (Symbion Inc/Tn), Employee Stock Purchase Agreement (Symbion Inc/Tn), Employee Stock Purchase Agreement (Symbion Inc/Tn)
Termination of the Repurchase Right. (a) The Repurchase Right shall terminate with respect to any Unvested Purchased Shares for which it is not timely exercised under Section 4.25.2. In addition, the Repurchase Right provided in Section 5.1 shall terminate, and cease to be exercisable, with respect to any and all Purchased Shares in which the Purchaser vests in accordance with the schedule below. Accordingly, provided the Purchaser continues to be an employee of a Service Provider to the Corporation, the Purchaser shall acquire a vested interest in, and the Repurchase Right provided in Section 5.1 shall lapse with respect to, the Purchased Shares in accordance with the following provisions:
Appears in 2 contracts
Samples: Employee Stock Purchase Agreement (Viropharma Inc), Restricted Stock Purchase Agreement (Viropharma Inc)
Termination of the Repurchase Right. (a) The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 4.2. In addition, the Repurchase Right shall terminate, and cease to be exercisable, with respect to any and all Purchased Shares in which the Purchaser vests in accordance with the schedule below. Accordingly, provided the tile Purchaser continues to be an employee of the Corporation, the Purchaser shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Purchased Shares in accordance with the following provisions:
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Termination of the Repurchase Right. (a) The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 4.2paragraph 5.2. In addition, the Repurchase Right shall terminate, and cease to be exercisable, with respect to any and all Purchased Shares in which the Purchaser vests in accordance with the schedule below. Accordingly, provided as the Purchaser continues to be an employee in the employ of the CorporationCompany, the Purchaser Owner shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Purchased Shares in installments in accordance with the following provisions:
Appears in 1 contract
Samples: Stock Pledge Agreement (Nanogen Inc)
Termination of the Repurchase Right. (ai) The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 4.2Subsection 3(b). In addition, the Repurchase Right shall terminate, and cease to be exercisable, with respect to any and all Purchased Unvested Shares in which the Purchaser Xxxxxxx vests in accordance with the schedule below. Accordingly, provided the Purchaser Xxxxxxx continues to be an employee of a Employee to the CorporationCompany, the Purchaser Xxxxxxx shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Purchased Unvested Shares in accordance with the following provisions:
Appears in 1 contract
Samples: Stock Purchase and Restriction Agreement (Pilot Network Services Inc)
Termination of the Repurchase Right. (a) The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 4.2. In addition, the Repurchase Right shall terminate, and cease to be exercisable, with respect to any and all Purchased Shares in which the Purchaser vests in accordance with the schedule below. Accordingly, provided the Purchaser continues to be an employee of the CorporationCorporation or a subsidiary, the Purchaser shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Purchased Shares in accordance with the following provisions:
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Termination of the Repurchase Right. (a) The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 4.2. In addition, the Repurchase Right shall terminate, and cease to be exercisable, with respect to any and all Purchased Shares the Owner shall accordingly vest in which the Purchaser vests in accordance with the schedule below. Accordingly, provided the Purchaser continues to be an employee of the Corporation, the Purchaser shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Purchased Shares Shares, in accordance with the following provisions:
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Termination of the Repurchase Right. (a) The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 4.25.2. In addition, the Repurchase Right shall terminate, and cease to be exercisable, terminate with respect to any and all Purchased Shares in which the Purchaser vests in accordance with the schedule below. Accordingly, provided the Purchaser continues to be an employee of a Service Provider to the CorporationCompany, the Purchaser shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Purchased Shares in accordance with the following provisionsvesting schedule:
Appears in 1 contract
Termination of the Repurchase Right. (a) The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 4.2paragraph 5.2. In addition, the Repurchase Right shall terminate, and cease to be exercisable, with respect to any and all Purchased Shares in which the Purchaser vests in accordance with the schedule below. Accordingly, provided as the Purchaser continues to be an employee of provide services to the Corporation, the Purchaser Owner shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Purchased Shares in installments in accordance with the following provisions:
Appears in 1 contract
Samples: Collateral Therapeutics Inc
Termination of the Repurchase Right. (a) The Repurchase Right shall terminate with respect to any Unvested Shares for which it is not timely exercised under Section 4.2. In addition, the Repurchase Right shall terminate, and cease to be exercisable, with respect to any and all Purchased Shares in which the Purchaser vests in accordance with the schedule below. Accordingly, provided the Purchaser continues to be an employee of the CorporationRepurchase Event has not occurred, the Purchaser shall acquire a vested interest in, and the Repurchase Right shall lapse with respect to, the Purchased Shares in accordance with the following provisions:
Appears in 1 contract
Samples: Stock Purchase Agreement (Digitalconvergence Com Inc)