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

Early Termination of Vested Share Repurchase Option. The other provisions of this Option Agreement notwithstanding, the Vested Share Repurchase Option shall terminate and be of no further force and effect upon (a) the occurrence of a Change in Control, unless the Acquiring Corporation assumes the Company’s rights and obligations under the Option or substitutes a substantially equivalent option for the Acquiring Corporation’s securities for the Option, or (b) the existence of a public market, as defined in Section 11.9, for the class of securities subject to the Vested Share Repurchase Option.

Appears in 1 contract

Samples: Stock Option Agreement (Gemphire Therapeutics Inc.)

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Early Termination of Vested Share Repurchase Option. The other provisions of this Option Agreement notwithstanding, the Vested Share Repurchase Option shall terminate and be of no further force and effect upon (a) the occurrence of a Change in Control, unless the Acquiring Corporation assumes the Company’s 's rights and obligations under the Option or substitutes a substantially equivalent option for the Acquiring Corporation’s securities 's stock for the Option, or (b) the existence of a public market, as defined in Section 11.913.9, for the class of securities shares subject to the Vested Share Repurchase Option.

Appears in 1 contract

Samples: Telect Inc

Early Termination of Vested Share Repurchase Option. The other provisions of this Option Agreement notwithstanding, the Vested Share Repurchase Option shall terminate and be of no further force and effect upon (a) the occurrence of a Change in Control, unless the Acquiring Corporation assumes the Company’s rights and obligations under the Option or substitutes a substantially equivalent option for the Acquiring Corporation’s securities stock for the Option, or (b) the existence of a public market, as defined in Section 11.9, for the class of securities shares subject to the Vested Share Repurchase Option.

Appears in 1 contract

Samples: Executive Employment Agreement (Ambrx Inc)

Early Termination of Vested Share Repurchase Option. The other provisions of this Option Agreement notwithstanding, the Vested Share Repurchase Option shall terminate and be of no further force and effect upon (a) the occurrence of a Change in Control, unless the Acquiring Corporation Acquiror assumes the Company’s rights and obligations under the Option or substitutes a substantially equivalent option for the Acquiring CorporationAcquiror’s securities stock for the Option, or (b) the existence of a public market, as defined in Section 11.9, for the class of securities shares subject to the Vested Share Repurchase Option.

Appears in 1 contract

Samples: Stock Option Agreement (Emulate Therapeutics, Inc.)

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Early Termination of Vested Share Repurchase Option. The other provisions of this Option Agreement notwithstanding, the Vested Share Repurchase Option shall will terminate and be of no further force and effect upon (a) the occurrence of a Change in Control, unless the Acquiring Corporation assumes or continues the Company’s rights and obligations under the Option or substitutes a substantially equivalent option for the Acquiring Corporation’s securities stock for the Option, or (b) the existence of a public market, as defined in Section 11.9, for the class of securities shares subject to the Vested Share Repurchase Option.

Appears in 1 contract

Samples: Stock Option Agreement (Alpha Teknova, Inc.)

Early Termination of Vested Share Repurchase Option. The other provisions of this Option Agreement notwithstanding, the Vested Share Repurchase Option shall terminate and be of no further force and effect upon (a) the occurrence of a Change in Control, unless the Acquiring Corporation assumes the Company’s 's rights and obligations under the Option or substitutes a substantially equivalent option for the Acquiring Corporation’s securities 's stock for the Option, or (b) the existence of a public market, as defined in Section 11.9, for the class of securities shares subject to the Vested Share Repurchase Option.

Appears in 1 contract

Samples: Option Agreement (Telect Inc)

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