Common use of Effect of Change of Control Clause in Contracts

Effect of Change of Control. Except as otherwise provided in Subsection 2.1(c) above, the Company’s Lapsing Repurchase Right shall terminate, and the Participant’s ownership of all Granted Shares then owned by the Participant shall become vested in accordance with the terms and conditions set forth in Section 24 of the Plan.

Appears in 6 contracts

Samples: Restricted Stock Agreement (BioHorizons, Inc.), Restricted Stock Agreement (BioHorizons, Inc.), Restricted Stock Agreement (BioHorizons, Inc.)

AutoNDA by SimpleDocs

Effect of Change of Control. Except as otherwise provided in Subsection 2.1(c) above, the Company’s Lapsing Repurchase Forfeiture Right shall terminate, and the Participant’s ownership of all Granted Shares then owned by the Participant shall become vested in the event of a Change of Control (as defined in the Plan), in accordance with the terms and conditions set forth in Section 24 25(b) of the Plan.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Acurx Pharmaceuticals, Inc.), Agreement

Effect of Change of Control. Except as otherwise provided in Subsection 2.1(c) above, the Company’s Lapsing Repurchase Right shall terminate, and the Participant’s ownership of all Granted Shares then owned by the Participant shall become vested in accordance with the terms and conditions set forth in Section 24 of the Plan.

Appears in 1 contract

Samples: Restricted Stock Agreement (BioHorizons, Inc.)

Effect of Change of Control. Except as otherwise provided in Subsection 2.1(c2.1(b) above, the Company’s Lapsing Repurchase Right shall terminate, and the Participant’s ownership of all Granted Shares then owned by the Participant shall become vested in the event of a Change of Control (as defined below), in accordance with the terms and conditions set forth in Section 24 25(b) of the Plan.

Appears in 1 contract

Samples: Restricted Stock Agreement (Aspen Aerogels Inc)

Effect of Change of Control. Except as otherwise provided in Subsection 2.1(c) above, the Company’s Lapsing Repurchase Right shall terminate, and the Participant’s ownership of all Granted Shares then owned by the Participant shall become vested in accordance with the terms and conditions set forth in Section 24 immediately prior to a change of control of the PlanCompany. See the Adjustments section B. Corporate Transactions of the Plan Description for a description of a change of control of the Company.

Appears in 1 contract

Samples: Restricted Stock Agreement (Oxigene Inc)

AutoNDA by SimpleDocs

Effect of Change of Control. Except as otherwise provided in Subsection 2.1(c2(c) above, the Company’s Lapsing Repurchase Forfeiture Right shall terminate, and the Participant’s ownership of all Granted Shares then owned by the Participant shall become vested in accordance with the terms and conditions set forth in Section 24 Sections 24B and F of the Plan.

Appears in 1 contract

Samples: Restricted Stock Agreement (Madrigal Pharmaceuticals, Inc.)

Effect of Change of Control. Except as otherwise provided in Subsection 2.1(c) above, the Company’s 's Lapsing Repurchase Right shall terminate, and the Participant’s 's ownership of all Granted Shares then owned by the Participant shall become vested in accordance with the terms and conditions set forth in Section 24 Sections 24B and F of the Plan.

Appears in 1 contract

Samples: Restricted Stock Agreement (Synta Pharmaceuticals Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!