Common use of Exercise of Unvested Share Repurchase Option Clause in Contracts

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee within sixty (60) days after (a) termination of the Optionee's Service (or exercise of the Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Optionee otherwise agree.

Appears in 13 contracts

Samples: Stock Option Agreement (Composite Technology Corp), Securities Purchase Agreement (Microislet Inc), Securities Agreement (Cisco Systems Inc)

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Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee within sixty (60) days after (a) termination of the Optionee's ’s Service (or exercise of the Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Optionee otherwise agree.

Appears in 12 contracts

Samples: Securities Agreement (Pacific DataVision, Inc.), Stock Option Agreement (Auxilio Inc), Stock Option Agreement (Auxilio Inc)

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice delivered personally or forwarded by first class mail to the Optionee within sixty (60) days after (a) termination of the Optionee's Service (or exercise of the Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Optionee otherwise agree.

Appears in 7 contracts

Samples: Non Statutory Stock Option Agreement (Cisco Systems Inc), Incentive Stock Option Agreement (Pumatech Inc), Securities Agreement (Netscape Communications Corp)

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee Participant within sixty (60) days after (a) termination of the Optionee's Participant’s Service (or exercise of the Optionas described in Section 5.1, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee Participant have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Optionee Participant otherwise agree.

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement (IdentiPHI, Inc.), Stock Purchase Agreement (Saflink Corp), Restricted Stock Purchase Agreement (SCOLR Pharma, Inc.)

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee within sixty (60) days after (a) termination of the Optionee's Service (or exercise of the Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must may be exercised, if at all, exercised for all or a portion of the Unvested Shares, except as determined by the Company and the Optionee otherwise agreeCompany.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Collegeclub Com Inc), Incentive Stock Option Agreement (Collegeclub Com Inc)

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee within sixty (60) 60 days after (a) termination of the Optionee's Service (or exercise of the Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. The Company may exercise the Total Share Repurchase Option by written notice to the Optionee within 60 days after any event giving rise to the Total Share Repurchase Option. If the Company fails to give notice within such sixty (60) 60 day period, the Unvested Share Repurchase Option or the Total Share Repurchase Option, as the case may be, shall terminate unless the Company and the Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Option or Total Share Repurchase Option must be exercisedOption, if at all, for all of the Unvested Shares, except as the Company and the Optionee otherwise agreecase may be.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Migratec Inc)

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee within sixty (60) days after (a) termination of the Optionee's Service Relationship (or exercise of the this Stock Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must may be exercised, if at all, exercised for any or all of the Unvested Shares, except as the Company and the Optionee otherwise agree.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (MCK Communications Inc)

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee within sixty (60) days after (a) termination of the Optionee's Company Service (or exercise of the Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Optionee otherwise agree.

Appears in 1 contract

Samples: Stock Option Agreement (Savoir Technology Group Inc/De)

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Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee Participant within sixty (60) days after (a) termination of the Optionee's Participant’s Service (or exercise of the Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee Participant have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Optionee Participant otherwise agree.

Appears in 1 contract

Samples: Securities Purchase Agreement (Reply! Inc)

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee Holder within sixty (60) days after (a) termination of the OptioneeRepresentative's Service (or exercise of the Optionthis Warrant, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee Holder have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Optionee Holder otherwise agree.

Appears in 1 contract

Samples: Warrant Agreement (Santarus Inc)

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice to the Optionee within sixty (60) days after (a) termination of the Optionee's ’s Service (or exercise of the Option, if later) or (b) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Rxxxxxxxxx Option shall terminate unless the Company and the Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and the Optionee otherwise agree.

Appears in 1 contract

Samples: Stock Option Agreement (Emulex Corp /De/)

Exercise of Unvested Share Repurchase Option. The Company may exercise the Unvested Share Repurchase Option by written notice delivered personally or forwarded by first class mail to the Optionee Purchaser within sixty (60) days after (ai) termination of the OptioneePurchaser's Service (or exercise of the Option, if later) or (bii) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty (60) day period, the Unvested Share Repurchase Option shall terminate unless the Company and the Optionee Purchaser have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, other than those Unvested Shares as to which continued or immediate vesting is provided in accordance with Sections 2(b), 2(c) or 2(d) above, except as the Company and the Optionee Purchaser otherwise agree.

Appears in 1 contract

Samples: Employment Agreement (General Magic Inc)

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