Common use of Early Termination of Unvested Share Repurchase Option Clause in Contracts

Early Termination of Unvested Share Repurchase Option. Notwithstanding the other provisions of this Section 2, the Unvested Share Repurchase Option shall terminate (and the Unvested Shares shall no longer be subject to repurchase) upon the occurrence of a Transfer of Control.

Appears in 5 contracts

Samples: Founder Stock Purchase Agreement (Cordia Bancorp Inc), Founder Stock Purchase Agreement (Cordia Bancorp Inc), Founder Stock Purchase Agreement (Cordia Bancorp Inc)

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Early Termination of Unvested Share Repurchase Option. Notwithstanding the The other ----------------------------------------------------- provisions of this Section 2paragraph 8 notwithstanding, the Unvested Share Repurchase Option shall terminate (and the Unvested Shares shall be of no longer be subject to repurchase) further force and effect upon the occurrence of a Transfer of ControlControl (as defined in paragraph 5), unless the Company's successor, acquiror or purchaser assumes the terms and obligations of this Option Agreement.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Consilium Inc)

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Early Termination of Unvested Share Repurchase Option. Notwithstanding the The other ----------------------------------------------------- provisions of this Section 2paragraph 10 notwithstanding, the Unvested Share Repurchase Option shall terminate (and the Unvested Shares shall be of no longer be subject to repurchase) further force and effect upon the occurrence of a Transfer of ControlControl (as defined in paragraph 5), unless the Company's successor, acquiror or purchaser assumes the terms and obligations of this Option Agreement.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Consilium Inc)

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