Common use of Grant of Company Reacquisition Right Clause in Contracts

Grant of Company Reacquisition Right. 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 a “Change in Control” as defined in the Change-in-Control Agreement (hereinafter a “Change in Control”)), including, without limitation, any transfer to a nominee or agent of the Participant, any 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”). For purposes of this Section, Unvested Shares shall be determined after giving effect to the provisions of Section 3.2.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Invitrogen Corp), Invitrogen Corporation (Invitrogen Corp), Restricted Stock Agreement (Invitrogen Corp)

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Grant of Company Reacquisition Right. In the event that (a) the Participant’s 's Service terminates for any reason or no reason, with or without Cause, or (b) the Participant, the Participant’s 's legal representative, or other holder of the Shares, attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to a "Change in Control" as defined in the Change-in-Control Agreement (hereinafter a “Change in Control”"CHANGE IN CONTROL")), including, without limitation, any transfer to a nominee or agent of the Participant, any 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”"COMPANY REACQUISITION RIGHT"). For purposes of this Section, Unvested Shares shall be determined after giving effect to the provisions of Section 3.2.

Appears in 1 contract

Samples: Restricted Stock Agreement (Invitrogen Corp)

Grant of Company Reacquisition Right. In Except to the extent otherwise provided by the Superseding Agreement, 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 a “an Ownership Change in Control” as defined in the Change-in-Control Agreement (hereinafter a “Change in Control”)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”). For purposes of this Section, Unvested Shares shall be determined after giving effect to the provisions of Section 3.2.

Appears in 1 contract

Samples: Restricted Stock Agreement (PDL Biopharma, Inc.)

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Grant of Company Reacquisition Right. 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 a “Change in Control” as defined in the Change-in-Control Agreement (hereinafter a “Change in Control”)), including, without limitation, any transfer to a nominee or agent of the Participant, any 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”). For purposes of this Section, Unvested Shares shall be determined after giving effect to the provisions of Section 3.2."

Appears in 1 contract

Samples: Invitrogen Corporation Restricted Stock Agreement (Invitrogen Corp)

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