Common use of Company Restricted Shares Clause in Contracts

Company Restricted Shares. At the Effective Time, each share of Company Common Stock subject to vesting, repurchase or other lapse restrictions granted under any of the Company Stock Plans which is outstanding immediately prior to the Effective Time (each, a “Company Restricted Share”) shall vest in full and become free of such restrictions and any repurchase right shall lapse and, subject to Purchaser’s receipt of a stock-based award surrender agreement in the form set forth on Section 2.3 of the Company Disclosure Schedule, the holder thereof shall be entitled to receive the Merger Consideration with respect to each such Company Restricted Share in accordance with Section 1.4(c), less applicable Taxes as provided in Section 2.3.

Company Restricted Shares. At the Effective Time, each share of Company Common Stock Each Share granted subject to vesting, repurchase vesting or other lapse restrictions granted under pursuant to any of the Company Company’s Stock Plans which is outstanding immediately prior to the Effective Time (each, a “Company Restricted Share”) which is outstanding immediately prior to the Effective Time shall vest in full and become free of such restrictions and any repurchase right shall lapse as of the Effective Time (in accordance with the terms of the Stock Plans as amended immediately prior to the date hereof in accordance with Section 6.10(c)) and, subject to Purchaser’s receipt of a stock-based award surrender agreement in at the form set forth on Section 2.3 of the Company Disclosure ScheduleEffective Time, the holder thereof shall be entitled to receive the Per Share Merger Consideration with respect to each such Company Restricted Share in accordance with Section 1.4(c)4.1, less applicable Taxes as provided in Section 2.3required to be withheld with respect to such payment.