Early Exercise Restricted Stock Sample Clauses

Early Exercise Restricted Stock. Common Stock that is held by a Restricted Stockholder as of the Effective Date and is subject to a Repurchase Right pursuant to the early exercise of an unvested Option granted to the Restricted Stockholder under the Company's 2000 Stock Plan.
Sample 1
AutoNDA by SimpleDocs
Early Exercise Restricted Stock. Notwithstanding any other provision of the Option Award or these Terms and Conditions, the Participant may exercise all or any part of the Option which is not yet exercisable in accordance with the provisions of this Section 12. In such event, all Shares purchased upon such exercise shall be subject to a repurchase right in favor of the Company at a price, payable in cash in one lump sum, equal to the original purchase price under the Option until the Option which was exercised to purchase the Shares becomes exercisable under the Option Award and these Terms and Conditions without regard to this Section 12. The Company's repurchase right shall arise, if, at any time during the time period described in the preceding sentence, an event which would cause the Option pursuant to which such Shares were acquired to be forfeited occurs and shall be exercised by notice to the Participant for a period of 30 days after such event. While any Shares issued pursuant to the early exercise of the Option provided by this Section 12 are subject to the Company's repurchase right, they may be transferred only as described in the second sentence of Section 9.2, and, in the event of such transfer, shall still remain subject to the Company's repurchase right. While the Shares are subject to the Company's right of repurchase, a legend to that effect shall be placed on such Shares, and the Company shall also have the right to have custody of such certificates. EXHIBIT C NON-QUALIFIED STOCK OPTION AWARD GRANTED UNDER THE DIGITAL XXXXX.XXX INC. FLEXIBLE STOCK PLAN Name of Option Recipient: Xxxxxxxx Xxxxxx ------------------------------------------------------ On January 1, 2001, the Company awarded you a stock option. You were granted an option to buy 200,000 Shares of Common Stock at the per Share price equal to Fair Market Value as of January 1, 2001 as determined by the Committee based on an appraisal by a qualified independent appraiser on or after the earlier of the date set forth in the Terms and Conditions (as defined below) or the dates set forth in the following schedule: Number of Shares for which Date Option is First Exercisable January 1, 2001 33,333 September 1, 2001 33,333 December 31, 2002 66,667 December 31, 2003 66,667 and on or before December 31, 2010. IMPORTANT: By signing below, you agree to be bound by, and acknowledge receipt of, the attached Terms and Conditions of this Non-Qualified Stock Option Award ("Terms and Conditions") and the Digital Xxxxx.xxx, Inc. ...
Sample 1
Early Exercise Restricted Stock. Notwithstanding any other provision of the Option Award or these Terms and Conditions, the Participant may exercise all or any part of the Option which is not yet exercisable in accordance with the provisions of this Section 12. In such event, all Shares purchased upon such exercise shall be subject to a repurchase right in favor of the Company at a price, payable in cash in one lump sum, equal to the original purchase price under the Option until the Option which was exercised to purchase the Shares becomes exercisable under the Option Award and these Terms and Conditions without regard to this Section 12. The Company's repurchase right shall arise, if, at any time during the time period described in the preceding sentence, an event which would cause the Option pursuant to which such Shares were acquired to be forfeited occurs and shall be exercised by notice to the Participant for a period of 30 days after such event. While any Shares issued pursuant to the early exercise of the Option provided by this Section 12 are subject to the Company's repurchase right, they may be transferred only as described in the second sentence of Section 9.2, and, in the event of such transfer, shall still remain subject to the Company's repurchase right. While the Shares are subject to the Company's right of repurchase, a legend to that effect shall be placed on such Shares, and the Company shall also have the right to have custody of such certificates.
Sample 1

Related to Early Exercise Restricted Stock

  • Ownership Cap and Exercise Restriction Notwithstanding anything to the contrary set forth in this Warrant, at no time may a Holder of this Warrant exercise this Warrant if the number of shares of Common Stock to be issued pursuant to such exercise would exceed, when aggregated with all other shares of Common Stock owned by such Holder at such time, the number of shares of Common Stock which would result in such Holder beneficially owning (as determined in accordance with Section 13(d) of the Exchange Act and the rules thereunder) in excess of 9.9% of the then issued and outstanding shares of Common Stock; provided, however, that upon a holder of this Warrant providing the Issuer with sixty-one (61) days notice (pursuant to Section 13 hereof) (the "Waiver Notice") that such Holder would like to waive this Section 7 with regard to any or all shares of Common Stock issuable upon exercise of this Warrant, this Section 7 will be of no force or effect with regard to all or a portion of the Warrant referenced in the Waiver Notice; provided, further, that this provision shall be of no further force or effect during the sixty-one (61) days immediately preceding the expiration of the term of this Warrant.

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

  • Terms of Restricted Stock Units The grant of RSUs provided in Section 1 hereof shall be subject to the following terms, conditions and restrictions:

  • NOTICE OF RESTRICTED STOCK UNIT GRANT Participant Name: Address: You have been granted the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Number of Restricted Stock Units

  • Non-Transferability of Restricted Stock The Restricted Stock and this Restricted Stock Agreement shall not be transferable.

  • Payment of Restricted Stock Units Payment of Restricted Stock Units that vest pursuant to this Section shall be made in Shares (or, if applicable, settlement in the same consideration paid to the stockholders of the Company pursuant to the Change in Control), as soon as practicable following the applicable vesting date. The Restricted Stock Units are intended to be exempt from application of Section 409A of the Code, and any ambiguities set forth herein shall be interpreted accordingly. However, to the extent that an exemption is not available and the Restricted Stock Units are “deferred compensation” subject to the requirements of Section 409A of the Code, the following provisions shall apply and shall supersede anything to the contrary set forth herein and in the Plan to the extent required for the settlement of the Restricted Stock Units to comply with the requirements of Section 409A of the Code. In a Change in Control or Corporate Transaction the Award must be assumed, continued or substituted by the Surviving Corporation or the Parent Corporation and any Shares scheduled to be issued upon an applicable scheduled Vest Date may not be earlier issued unless the Change in Control or Corporate Transaction is also a change in the ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company as described in Code Section 409A(a)(2)(A)(iv) and an exemption is available and elected under Treasury Regulation 1.409A-3(j)(4)(ix)(B) or such earlier issuance of the Shares is otherwise permitted by Section 409A of the Code. The Company retains the right to provide for earlier issuance of Shares in settlement of the Restricted Stock Units to the extent permitted by Section 409A of the Code.

  • Grant of Restricted Shares (a) The Company hereby grants to the Grantee an award (the “Award”) of shares of Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

  • Effect of Termination of Service on Restricted Stock Award 10.1 This Restricted Stock Award will vest as follows:

  • Settlement of Restricted Stock Units 6.1 Subject to Section 9 hereof, promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of Vested Units; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

  • Grant of Restricted Stock Units The Corporation hereby awards to Participant, as of the Award Date, restricted stock units under the Plan. The number of shares of Common Stock underlying the awarded restricted stock units and the applicable service vesting requirements for those units and the underlying Shares are set forth in the Award Notice. The remaining terms and conditions governing the Award shall be as set forth in this Agreement.

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