Common use of Grant of Company Reacquisition Right Clause in Contracts

Grant of Company Reacquisition Right. In the event that the Participant’s Service terminates for any reason or no reason, with or without Cause, the Participant shall forfeit and the Company shall automatically reacquire all Units which are not, as of the time of such termination, Vested Units, and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”), subject to the provisions of any employment, service or other agreement between the Participant and a Participating Company referring to this Award.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (PROS Holdings, Inc.), Restricted Stock Unit Agreement (Jda Software Group Inc)

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Grant of Company Reacquisition Right. In the event that the Participant’s Service terminates for any reason or no reason, with or without Causecause, the Participant shall forfeit and the Company shall automatically reacquire all Deferred Units which are not, as of the time of such termination, Vested Deferred Units (“Unvested Deferred Units”) except as otherwise provided in Section 5 above, and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”), subject to the provisions of any employment, service or other agreement between the Participant and a Participating Company referring to this Award.

Appears in 2 contracts

Samples: Deferred Units Agreement (Wayfair Inc.), Deferred Units Agreement (Wayfair LLC)

Grant of Company Reacquisition Right. In the event that the Participant’s Service terminates for any reason or no reason, with or without Causecause, the Participant shall forfeit and the Company shall automatically reacquire all Units which are not, as of the time of such termination, Vested Units, and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”), subject to the provisions of any employment, service or other agreement between the Participant and a Participating Company referring to this Award.the

Appears in 2 contracts

Samples: Executive Employment Agreement (Jda Software Group Inc), Executive Employment Agreement (Jda Software Group Inc)

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Grant of Company Reacquisition Right. In the event that the Participant’s Service terminates for any reason or no reason, with or without Causecause, the Participant shall forfeit and the Company shall automatically reacquire all Units which are not, as of the time of such terminationtermination (taking into account the accelerated vesting pursuant to Section 4.2, if any), Vested Units (“Unvested Units”), and the Participant shall not be entitled to any payment therefor (the “Company Reacquisition Right”), subject to the provisions of any employment, service or other agreement between the Participant and a Participating Company referring to this Award.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Sciclone Pharmaceuticals Inc)

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