Escrow of Shares. (a) As security for Purchaser's faithful performance of the terms of this Agreement and to ensure the availability for delivery of Purchaser's shares upon exercise of the Repurchase Option herein provided for, Purchaser agrees at the Closing hereunder, to deliver to and deposit with the Escrow Agent named in the Joint Escrow Instructions attached to the Option Agreement as Exhibit B, the certificate or certificates evidencing the Option Stock subject to the Repurchase Option and two Assignments Separate from Certificate duly executed (with date and number of shares in blank) in the form attached to the Option Agreement as Exhibit D. Such documents are to be held by the Escrow Agent and delivered by the Escrow Agent pursuant to the Joint Escrow Instructions, which instructions shall also be delivered to the Escrow Agent at the Closing hereunder. (b) Within 30 days after the last day of each successive completed calendar quarter after the Closing Date, if Purchaser so requests, the Escrow Agent will deliver to Purchaser certificates representing so many shares of Stock as are no longer subject to the Repurchase Option (less such shares as have been previously delivered). Ninety days after cessation of Purchaser's employment with the Company the Company will direct the Escrow Agent to deliver to Purchaser a certificate or certificates representing the number of shares not repurchased by the Company or its assignees pursuant to exercise of the Repurchase Option (less such shares as have been previously delivered).
Appears in 5 contracts
Samples: Common Stock Purchase Agreement (Anza Capital Inc), Common Stock Purchase Agreement (Group Management Corp), Common Stock Purchase Agreement (Star E Media Corp)
Escrow of Shares. (a) As security for Purchaser's faithful performance of the terms of this Agreement and to ensure the availability for delivery of Purchaser's shares upon exercise of the Repurchase Option herein provided for, Purchaser agrees at the Closing hereunder, to deliver to and deposit with the Escrow Agent named in the Joint Escrow Instructions attached to the Option Agreement as Exhibit B, the certificate or certificates evidencing the Option Stock subject to the Repurchase Option and two Assignments Separate from Certificate duly executed (with date and number of shares in blank) in the form attached to the Option Agreement as Exhibit D. Such documents are to be held by the Escrow Agent and delivered by the Escrow Agent pursuant to the Joint Escrow Instructions, which instructions shall also be delivered to the Escrow Agent at the Closing hereunder.
(b) . Within 30 days after the last day of each successive completed calendar quarter after the Closing Date, if Purchaser so requests, the Escrow Agent will deliver to Purchaser certificates representing so many shares of Stock as are no longer subject to the Repurchase Option (less such shares as have been previously delivered). Ninety days after cessation of Purchaser's employment with the Company the Company will direct the Escrow Agent to deliver to Purchaser a certificate or certificates representing the number of shares not repurchased by the Company or its assignees pursuant to exercise of the Repurchase Option (less such shares as have been previously delivered).
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Myrient Inc), Common Stock Purchase Agreement (Myrient Inc)
Escrow of Shares. (a) As security for To ensure that Purchaser's faithful performance of ’s unvested Shares are delivered to the terms of this Agreement and to ensure the availability for delivery of Purchaser's shares Company upon its exercise of the its Repurchase Option herein provided forRight, Purchaser agrees at the Closing hereunderunder this Agreement, to deliver to and deposit with the escrow agent (the “Escrow Agent Agent”) named in the Joint Escrow Instructions attached to the Option Agreement as Exhibit B, the certificate or certificates certificate(s) evidencing the Option Stock subject to the Repurchase Option unvested Shares and two Assignments an Assignment Separate from Certificate duly executed by Purchaser (with date and number of shares in blank) in the form attached to the Option Agreement as Exhibit D. Such documents are C. The certificate(s) evidencing the unvested Shares and the Assignment Separate from Certificate shall be delivered to be held by the Escrow Agent and delivered by the Escrow Agent pursuant to held under the Joint Escrow Instructions, which instructions shall also be delivered to the Escrow Agent at the Closing hereunderunder this Agreement.
(b) Within 30 thirty (30) days after the last day of each successive completed calendar quarter after the Closing Date, if Purchaser so requests, the Escrow Agent will shall deliver to Purchaser certificates representing so many shares of Common Stock as are no longer subject to the Repurchase Option Right (less such shares as have been previously delivered). Ninety (90) days after cessation of Purchaser's employment with the Termination Date, the Company the Company will shall direct the Escrow Agent to deliver to Purchaser a certificate or certificates representing the number of shares not repurchased by the Company or its assignees pursuant to exercise of the Repurchase Option Right (less such shares as have been previously delivered).
Appears in 2 contracts
Samples: 2008 Stock Incentive Plan (MongoDB, Inc.), 2008 Stock Incentive Plan (MongoDB, Inc.)
Escrow of Shares. (a) As security for To ensure that Purchaser's faithful performance of ’s unvested Shares are delivered to the terms of this Agreement and to ensure the availability for delivery of Purchaser's shares Company upon its exercise of the its Repurchase Option herein provided forRight, Purchaser agrees at the Closing hereunderunder this Agreement, to deliver to and deposit with the escrow agent (the “Escrow Agent Agent”) named in the Joint Escrow Instructions attached to the Option Agreement as Exhibit B, the certificate or certificates certificate(s) evidencing the Option Stock subject to the Repurchase Option unvested Shares and two Assignments an Assignment Separate from Certificate duly executed by Purchaser (with date and number of shares in blank) in the form attached to the Option Agreement as Exhibit D. Such documents are C. The certificate(s) evidencing the unvested Shares and the Assignment Separate from Certificate shall be delivered to be held by the Escrow Agent and delivered by the Escrow Agent pursuant to held under the Joint Escrow Instructions, which instructions shall also be delivered to the Escrow Agent at the Closing hereunder.under this Agreement. MONGODB, INC. EXHIBIT A TO STOCK OPTION AGREEMENT NOTICE OF EXERCISE AND COMMON STOCK PURCHASE AGREEMENT
(b) Within 30 thirty (30) days after the last day of each successive completed calendar quarter after the Closing Date, if Purchaser so requests, the Escrow Agent will shall deliver to Purchaser certificates representing so many shares of Common Stock as are no longer subject to the Repurchase Option Right (less such shares as have been previously delivered). Ninety (90) days after cessation of Purchaser's employment with the Termination Date, the Company the Company will shall direct the Escrow Agent to deliver to Purchaser a certificate or certificates representing the number of shares not repurchased by the Company or its assignees pursuant to exercise of the Repurchase Option Right (less such shares as have been previously delivered).
Appears in 2 contracts
Samples: 2008 Stock Incentive Plan (MongoDB, Inc.), 2008 Stock Incentive Plan (MongoDB, Inc.)
Escrow of Shares. (a) As security for Purchaser's ’s faithful performance of the terms of this Agreement and to ensure the availability for delivery of Purchaser's ’s shares upon exercise of the Repurchase Option herein provided for, Purchaser agrees at the Closing hereunder, to deliver to and deposit with the Escrow Agent named in the Joint Escrow Instructions attached to the Option Agreement as Exhibit B, the certificate or certificates evidencing the Option Stock subject to the Repurchase Option and two Assignments Separate from Certificate duly executed (with date and number of shares in blank) in the form attached to the Option Agreement as Exhibit D. Such documents are to be held by the Escrow Agent and delivered by the Escrow Agent pursuant to the Joint Escrow Instructions, which instructions shall also be delivered to the Escrow Agent at the Closing hereunder.
(b) Within 30 thirty (30) days after the last day of each successive completed calendar quarter after the Closing Date, if Purchaser so requests, the Escrow Agent will deliver to Purchaser certificates representing so many shares of Stock as are no longer subject to the Repurchase Option (less such shares as have been previously delivered). Ninety (90) days after cessation of Purchaser's ’s employment with the Company the Company will direct the Escrow Agent to deliver to Purchaser a certificate or certificates representing the number of shares not repurchased by the Company or its assignees pursuant to exercise of the Repurchase Option (less such shares as have been previously delivered).
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Sunpeaks Ventures, Inc.), Common Stock Purchase Agreement (Auriga Laboratories, Inc.)
Escrow of Shares. (a) As security for Purchaser's ’s faithful performance of the terms of this Agreement and to ensure the availability for delivery of Purchaser's ’s shares upon exercise of the Repurchase Option herein provided for, Purchaser agrees at the Closing hereunder, to deliver to and deposit with the Escrow Agent named in the Joint Escrow Instructions attached to the Option Agreement as Exhibit B, the certificate or certificates evidencing the Option Stock subject to the Repurchase Option and two Assignments Separate from Certificate duly executed (with date and number of shares in blank) in the form attached to the Option Agreement as Exhibit D. Such documents are to be held by the Escrow Agent and delivered by the Escrow Agent pursuant to the Joint Escrow Instructions, which instructions shall also be delivered to the Escrow Agent at the Closing hereunder.
(b) Within 30 days after the last day of each successive completed calendar quarter after the Closing Date, if Purchaser so requests, the Escrow Agent will deliver to Purchaser certificates representing so many shares of Stock as are no longer subject to the Repurchase Option (less such shares as have been previously delivered). Ninety days after cessation of Purchaser's ’s employment with the Company the Company will direct the Escrow Agent to deliver to Purchaser a certificate or certificates representing the number of shares not repurchased by the Company or its assignees pursuant to exercise of the Repurchase Option (less such shares as have been previously delivered).
Appears in 1 contract
Samples: Common Stock Purchase Agreement (Speedemissions Inc)
Escrow of Shares. (a) As security for Purchaser's ’s faithful performance of the terms of this Agreement and to ensure the availability for delivery of Purchaser's ’s shares upon exercise of the Repurchase Option herein provided for, Purchaser agrees at the Closing hereunder, to deliver to and deposit with the Escrow Agent named in the Joint Escrow Instructions attached to the Option Agreement as Exhibit B, the certificate or certificates evidencing the Repurchase Option Stock subject to the Repurchase Option and two Assignments Separate from Certificate duly executed (with date and number of shares in blank) in the form attached to the Option Agreement as Exhibit D. Such documents are to be held by the Escrow Agent and delivered by the Escrow Agent pursuant to the Joint Escrow Instructions, which instructions shall also be delivered to the Escrow Agent at the Closing hereunder.
(b) Within 30 days after the last day of each successive completed calendar quarter after the Closing Date, if Purchaser so requests, the Escrow Agent will deliver to Purchaser certificates representing so many shares of Stock as are no longer subject to the Repurchase Option (less such shares as have been previously delivered). Ninety days after cessation of Purchaser's ’s employment with the Company Company, the Company will direct the Escrow Agent to deliver to Purchaser a certificate or certificates representing the number of shares not repurchased by the Company or its assignees pursuant to exercise of the Repurchase Option (less such shares as have been previously delivered).
Appears in 1 contract
Samples: Incentive Stock Option Agreement (OncoMed Pharmaceuticals Inc)
Escrow of Shares. (a) As security for Purchaser's faithful performance of the terms of this Agreement and to ensure the availability for delivery of Purchaser's shares upon exercise of the Repurchase Option herein provided for, Purchaser agrees at the Closing hereunder, to deliver to and deposit with the Escrow Agent named in the Joint Escrow Instructions attached to the Option ISO Agreement as Exhibit B, the certificate or certificates evidencing the Option Stock subject to the Repurchase Option and two Assignments Separate from Certificate duly executed (with date and number of shares in blank) in the form attached to the Option ISO Agreement as Exhibit D. Such documents are to be held by the Escrow Agent and delivered by the Escrow Agent pursuant to the Joint Escrow Instructions, which instructions shall also be delivered to the Escrow Agent at the Closing hereunder.
(b) Within 30 days after the last day of each successive completed calendar quarter after the Closing Date, if Purchaser so requests, the Escrow Agent will deliver to Purchaser certificates representing so many shares of Stock as are no longer subject to the Repurchase Option (less such shares as have been previously delivered). Ninety Sixty days after cessation of Purchaser's employment with the Company the Company will direct the Escrow Agent to deliver to Purchaser a certificate or certificates representing the number of shares not repurchased by the Company or its assignees pursuant to exercise of the Repurchase Option (less such shares as have been previously delivered).
Appears in 1 contract
Escrow of Shares. (a) As security for Purchaser's faithful performance of the terms of this Agreement and to ensure the availability for delivery of Purchaser's shares upon exercise of the Repurchase Option herein provided for, Purchaser agrees at the Closing hereunder, to deliver to and deposit with the Escrow Agent named in the Joint Escrow Instructions attached to the Option Agreement as Exhibit B, (i) the certificate or certificates evidencing the Repurchase Option Stock; (ii) the certificate or certificates evidencing the Option Stock subject to the Repurchase Option terms of the full-recourse promissory note, if applicable; and (iii) two Assignments Separate from Certificate duly executed (with date and number of shares in blank) in the form attached to the Option Agreement as Exhibit D. C. Such documents are to be held by the Escrow Agent and delivered by the Escrow Agent pursuant to the Joint Escrow Instructions, which instructions shall also be delivered to the Escrow Agent at the Closing hereunder.
(b) Within 30 days after the last day of each successive completed calendar quarter after the Closing Date, if Purchaser so requests, the Escrow Agent will deliver to Purchaser certificates representing so many shares of Common Stock as are no longer subject to the Repurchase Option or, if applicable, to the terms of the full-recourse promissory note (less such shares as have been previously delivered). Ninety days after cessation of Purchaser's employment Service with the Company the Company will direct the Escrow Agent to deliver to Purchaser a certificate or certificates representing the number of shares not repurchased by the Company or its assignees pursuant to exercise of the Repurchase Option and not subject to the terms of the full-recourse promissory note (less such shares as have been previously delivered).
Appears in 1 contract
Samples: Stock Option Agreement (Applied Molecular Evolution Inc)