Common use of Duties of the Escrow Holder Clause in Contracts

Duties of the Escrow Holder. (i) In the event of any repurchase of Unvested Shares pursuant to, and in accordance with, the provisions of Section 7 hereof, the Escrow Holder shall take all steps necessary to consummate such repurchase, including, but not limited to, presentment of stock certificates representing the Unvested Shares subject to such repurchase, together with stock powers executed by or in the name of the Optionee appropriately completed by the Escrow Holder, to the Company or its transfer agent with irrevocable instructions to register the transfer of such Unvested Shares into the name of the Company or its designee. The Optionee hereby appoints the Escrow Holder his irrevocable attorney-in-fact to execute in his name, acknowledge and deliver all stock powers and other instruments as may be necessary or desirable with respect to the repurchase of any Unvested Shares pursuant to, and in accordance with, the provisions of Section 7 hereof.

Appears in 13 contracts

Samples: Incentive Stock Option and Reverse Vesting Agreement, Incentive Stock Option and Reverse Vesting Agreement (ViewRay, Inc.), Nonstatutory Stock Option and Reverse Vesting Agreement (ViewRay, Inc.)

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Duties of the Escrow Holder. (i) In the event of any repurchase of Unvested Shares pursuant to, and in accordance with, the provisions of Section 7 6 hereof, the Escrow Holder shall take all steps necessary to consummate such repurchase, including, but not limited to, presentment of stock certificates representing the Unvested Shares subject to such repurchase, together with stock powers executed by or in the name of the Optionee Purchaser appropriately completed by the Escrow Holder, to the Company or its transfer agent with irrevocable instructions to register the transfer of such Unvested Shares into the name of the Company or its designee. The Optionee Purchaser hereby appoints the Escrow Holder his irrevocable attorney-in-fact to execute in his name, acknowledge and deliver all stock powers and other instruments as may be necessary or desirable with respect to the repurchase of any Unvested Shares pursuant to, and in accordance with, the provisions of Section 7 6 hereof.

Appears in 4 contracts

Samples: Employee Stock Purchase Agreement (Acme Packet Inc), Employee Stock Purchase Agreement (Acme Packet Inc), Executive Stock Purchase Agreement (Essential Therapeutics Inc)

Duties of the Escrow Holder. (i) In the event of any repurchase of Unvested Shares pursuant to, and in accordance with, the provisions of Section 7 4 hereof, the Escrow Holder shall take all steps necessary to consummate such repurchase, including, but not limited to, presentment of stock certificates or other instruments representing the Unvested Shares subject to such repurchase, together with stock powers and such other instruments of assignment executed by or in the name of the Optionee Stockholder appropriately completed by the Escrow Holder, to the Company or its transfer agent with irrevocable instructions to register the transfer of such Unvested Shares into the name of the Company or its designee. The Optionee Stockholder hereby appoints the Escrow Holder his irrevocable attorney-in-fact to execute in his name, acknowledge and deliver all stock powers and other instruments as may be necessary or desirable with respect to the repurchase of any Unvested Shares pursuant to, and in accordance with, the provisions of Section 7 4 hereof.

Appears in 3 contracts

Samples: Stock Repurchase Agreement (NBC Acquisition Corp), Stock Repurchase Agreement (NBC Acquisition Corp), Stock Repurchase Agreement (NBC Acquisition Corp)

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Duties of the Escrow Holder. (i) In the event of any repurchase of Unvested Shares pursuant to, and in accordance with, the provisions of Section 7 3 hereof, the Escrow Holder shall take all steps necessary to consummate such repurchase, including, but not limited to, presentment of stock certificates representing the Unvested Shares subject to such repurchase, together with stock powers executed by or in the name of the Optionee Stockholder appropriately completed by the Escrow Holder, to the Company or its transfer agent with irrevocable instructions to register the transfer of such Unvested Shares into the name of the Company or its designee. The Optionee Stockholder hereby appoints the Escrow Holder his or her irrevocable attorney-in-fact to execute in his or her name, acknowledge and deliver all stock powers and other instruments as may be necessary or desirable with respect to the repurchase of any Unvested Shares pursuant to, and in accordance with, the provisions of Section 7 3 hereof.

Appears in 1 contract

Samples: Exchange Agreement (Valentis Inc)

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