Common use of Acceleration Upon a Change of Control Clause in Contracts

Acceleration Upon a Change of Control. In the event of a Change of Control (as defined below), 100% of the total number of Shares that have not been released from the Repurchase Option shall be immediately released from the Repurchase Option, provided that the Purchaser’s continuous status as a Service Provider has not been terminated prior to such time.

Appears in 4 contracts

Samples: Restricted Stock Purchase Agreement (Ohr Pharmaceutical Inc), Restricted Stock Purchase Agreement (Invitae Corp), Restricted Stock Purchase Agreement (Invitae Corp)

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Acceleration Upon a Change of Control. In addition to the event of foregoing, if If the Purchaser’s continuous status as a Service Provider is terminated by the Company without Cause (as defined below) prior to a Change of Control (as defined below), 100% of the total number of Shares that have not been released from the Repurchase Option shall be immediately released from the Repurchase Option, provided that the Purchaser’s continuous status as a Service Provider has not been terminated prior to such time.

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement, Restricted Stock Purchase Agreement (Red Hat Inc), Restricted Stock Purchase Agreement (Red Hat Inc)

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Acceleration Upon a Change of Control. In the event of a Change of Control (as defined below), 100% of the total number of Unreleased Shares that have not been released from the Repurchase Option shall be immediately released from the Repurchase Option, provided that the Purchaser’s continuous status as a Service Provider has not been terminated prior to such time.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (SpineEx, Inc.)

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