Common use of Grant of Company Reacquisition Right Clause in Contracts

Grant of Company Reacquisition Right. Except to the extent otherwise provided by any employment service, or other agreement referring to the Award, if any, 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 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 of Stock which are not Vested 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”).

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 any in an employment service, or other agreement referring between a Participating Company and the Participant which refers to the this Award, if any, 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 of StockShares, 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 of Stock Shares which are not Vested 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”).

Appears in 1 contract

Samples: Restricted Stock Agreement (Halozyme Therapeutics Inc)

Grant of Company Reacquisition Right. Except to the extent otherwise provided by any employment service, or other agreement referring to the AwardSuperseding Agreement, if any, or otherwise determined by the Committee in connection with such event, 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 of StockShares, 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 of Stock Shares which are not Vested 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”).

Appears in 1 contract

Samples: Restricted Stock Agreement (Zeltiq Aesthetics Inc)

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Grant of Company Reacquisition Right. Except to the extent otherwise provided by any employment service, or other in an agreement referring between a Participating Company and the Participant which refers to the this Award, if any, 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 of StockShares, 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 of Stock Shares which are not Vested 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”).

Appears in 1 contract

Samples: Restricted Stock Agreement (Halozyme Therapeutics Inc)

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