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

Exercise of Unvested Share Repurchase Option. If the Founder's employment with the Company is terminated for any reason, with or without cause, voluntarily or involuntarily, including termination due to death or disability (as defined below), or if the Founder or the Founder's legal representative attempts to dispose of any Unvested Shares other than as allowed in this Agreement, the Company may exercise the Unvested Share Repurchase Option by written notice to the Escrow Agent (as defined in Section 8) and to the Founder or the Founder's legal representative within 60 days after such termination or after the Company has received notice of the attempted disposition.

Appears in 6 contracts

Samples: Founder Stock Purchase Agreement (Telocity Inc), Founder Stock Purchase Agreement (Telocity Inc), Founder Stock Purchase Agreement (Telocity Inc)

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Exercise of Unvested Share Repurchase Option. If the Founder's -------------------------------------------- employment with the Company is terminated for any reason, with or without cause, voluntarily or involuntarily, including termination due to death or disability (as defined below), or if the Founder or the Founder's legal representative attempts to dispose of any Unvested Shares other than as allowed in this Agreement, the Company may exercise the Unvested Share Repurchase Option by written notice to the Escrow Agent (as defined in Section 8) and to the Founder or the Founder's legal representative within 60 days after such termination or after the Company has received notice of the attempted disposition.

Appears in 3 contracts

Samples: Founder Stock Purchase Agreement (Telocity Delaware Inc), Founder Stock Purchase Agreement (Telocity Delaware Inc), Founder Stock Purchase Agreement (Telocity Delaware Inc)

Exercise of Unvested Share Repurchase Option. If the Founder's employment with the Company is terminated for any reason, with or without cause, voluntarily or involuntarily, including termination due to death or disability (as defined below), or if the Founder or the Founder's legal representative attempts to dispose of any Unvested Shares other than as allowed in this Agreement, the Company may exercise the Unvested Share Repurchase Option by written notice to the Escrow Agent (as defined in Section 8) 5) and to the Founder or the Founder's legal representative within 60 days after such termination or after the Company has received notice of the attempted disposition.

Appears in 2 contracts

Samples: Founder Stock Repurchase Agreement (Telocity Inc), Founder Stock Repurchase Agreement (Telocity Inc)

Exercise of Unvested Share Repurchase Option. If the Founder's employment with the Company is terminated for any reason, with or without cause, voluntarily or involuntarily, including termination due to death or disability (as defined below), or if the Founder or the Founder's legal representative attempts to dispose of any Unvested Shares other than as allowed in this Agreement, Agreement the Company may exercise the Unvested Share Repurchase Option by written notice to the Escrow Agent (as defined in Section 8) and to the Founder or the Founder's legal representative within 60 days after such termination or after the Company has received notice of the attempted disposition.

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Telocity Inc)

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Exercise of Unvested Share Repurchase Option. If the Founder's -------------------------------------------- employment with the Company is terminated for any reason, with or without cause, voluntarily or involuntarily, including termination due to death or disability (as defined below), or if the Founder or the Founder's legal representative attempts to dispose of any Unvested Shares other than as allowed in this Agreement, Agreement the Company may exercise the Unvested Share Repurchase Option by written notice to the Escrow Agent (as defined in Section 8) and to the Founder or the Founder's legal representative within 60 days after such termination or after the Company has received notice of the attempted disposition.

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Telocity Delaware Inc)

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