Common use of Grant of Company Reacquisition Right Clause in Contracts

Grant of Company Reacquisition Right. Except to the extent otherwise provided in an employment agreement between a Participating Company and the Participant which refers to this Award, in the event that (a) the Participant's Service terminates for any reason or no reason, with or without Cause, or (b) the Participant, the Participant's legal representative, or other holder of the Shares, attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event), including, without limitation, any transfer to a nominee or agent of the Participant, any Shares which are not Vested Shares ("UNVESTED SHARES"), the Company shall automatically reacquire the Unvested Shares, and the Participant shall not be entitled to any payment therefor (the "COMPANY REACQUISITION RIGHT").

Appears in 9 contracts

Samples: Restricted Stock Agreement (Jda Software Group Inc), Restricted Stock Agreement (Jda Software Group Inc), Restricted Stock Agreement (Jda Software Group Inc)

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Grant of Company Reacquisition Right. Except to the extent otherwise provided in an by any employment service, or other agreement between a Participating Company and referring to the Participant which refers to this Award, if any, in the event that (a) the Participant's ’s Service terminates for any reason or no reason, with or without Causecause, or (b) the Participant, the Participant's ’s legal representative, or other holder of the Sharesshares of Stock, attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event), including, without limitation, any transfer to a nominee or agent of the Participant, any Shares shares of Stock which are not Vested Shares ("UNVESTED SHARES"“Unvested Shares”), the Participant shall forfeit and the Company shall automatically reacquire the Unvested Shares, and the Participant shall not be entitled to any payment therefor (the "COMPANY REACQUISITION RIGHT"“Company Reacquisition Right”).

Appears in 3 contracts

Samples: Restricted Stock Agreement (Jamba, Inc.), Restricted Stock Agreement (Jamba, Inc.), Restricted Stock Agreement (Dts, Inc.)

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Grant of Company Reacquisition Right. Except to the extent otherwise provided by the Superseding Agreement, if any, or otherwise determined by the Committee in an employment agreement between a Participating Company and the Participant which refers to this Awardconnection with such event, in the event that (a) the Participant's Service terminates for any reason or no reason, with or without Causecause, or (b) the Participant, the Participant's legal representative, or other holder of the Shares, attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event), including, without limitation, any transfer to a nominee or agent of the Participant, any Shares which are not Vested Shares ("UNVESTED SHARES"“Unvested Shares”), the Participant shall forfeit and the Company shall automatically reacquire the Unvested Shares, and the Participant shall not be entitled to any payment therefor (the "COMPANY REACQUISITION RIGHT"“Company Reacquisition Right”).

Appears in 1 contract

Samples: Restricted Stock Agreement (Zeltiq Aesthetics Inc)

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