Common use of COMPANY'S REPURCHASE OPTION FOR UNVESTED SHARES Clause in Contracts

COMPANY'S REPURCHASE OPTION FOR UNVESTED SHARES. The Company, or its assignee, shall have the option to repurchase all or a portion of the Participant’s Unvested Shares (as defined in Section 3.2 below) on the terms and conditions set forth in this Section (the “Repurchase Option”) if Participant’s status as an employee terminates for any reason, or no reason, including without limitation Participant’s death, Disability (as defined in the Plan), voluntary resignation or termination by the Company with or without cause.

Appears in 4 contracts

Samples: Restricted Stock Purchase Agreement (Macromedia Inc), Restricted Stock Purchase Agreement (Macromedia Inc), Restricted Stock Purchase Agreement (Macromedia Inc)

AutoNDA by SimpleDocs

COMPANY'S REPURCHASE OPTION FOR UNVESTED SHARES. The Company, or its assignee, shall have the option to repurchase all or a portion of the Participant’s 's Unvested Shares (as defined in Section 3.2 below) on the terms and conditions set forth in this Section (the “Repurchase Option”"REPURCHASE OPTION") if Participant’s status as an employee terminates Participant is terminated for any reason, or no reason, including without limitation Participant’s 's death, Disability (as defined in the Plan), voluntary resignation or termination by the Company with or without cause.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Symantec Corp)

COMPANY'S REPURCHASE OPTION FOR UNVESTED SHARES. The Company, or its assignee, shall have the option to repurchase all or a portion of the Participant’s 's Unvested Shares (as defined in Section 3.2 below) on the terms and conditions set forth in this Section (the "Repurchase Option") if Participant’s 's status as an employee a member of the Board terminates for any reason, or no reason, including without limitation Participant’s 's death, Disability (as defined in the Plan)disability, voluntary resignation or termination by the Company with or without cause.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Steel Excel Inc.)

AutoNDA by SimpleDocs

COMPANY'S REPURCHASE OPTION FOR UNVESTED SHARES. The Company, or its assignee, shall have the option to repurchase all or a portion of the Participant’s 's Unvested Shares (as defined in Section 3.2 below) on the terms and conditions set forth in this Section (the "Repurchase Option") if Participant’s 's status as an employee a Service Provider terminates for any reason, or no reason, including without limitation Participant’s 's death, Disability (as defined in the Plan), voluntary resignation or termination by the Company with or without cause.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Adaptec Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.