Common use of Grant of Right of First Refusal Clause in Contracts

Grant of Right of First Refusal. Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL").

Appears in 9 contracts

Samples: Incentive Stock Option Agreement (Collegeclub Com Inc), Incentive Stock Option Agreement (Broadcom Corp), Exercisable Nonstatutory Stock Option Agreement (Cisco Systems Inc)

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Grant of Right of First Refusal. Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's ’s legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES"“Transfer Shares”) to any person or entity, including, without limitation, any shareholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL"“Right of First Refusal”).

Appears in 7 contracts

Samples: Stock Option Agreement (Pacific DataVision, Inc.), Stock Option Agreement (Auxilio Inc), Stock Option Agreement (Auxilio Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 and Section 17 below, in the event the OptioneeParticipant, the Optionee's Participant’s legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired upon exercise of the Option (the "TRANSFER SHARES"“Transfer Shares”) to any person or entity, including, without limitation, any shareholder stockholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL"“Right of First Refusal”).

Appears in 6 contracts

Samples: Stock Option Agreement (Q2 Holdings, Inc.), Stock Option Agreement (Q2 Holdings, Inc.), Stock Option Agreement (Q2 Holdings, Inc.)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired upon exercise of the Option (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL").

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Cisco Systems Inc), Incentive Stock Option Agreement (Synopsys Inc), Nonstatutory Stock Option Agreement (Cisco Systems Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 and Section 16 below, in the event the OptioneeParticipant, the Optionee's Participant’s legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES"“Transfer Shares”) to any person or entity, including, without limitation, any shareholder stockholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL"“Right of First Refusal”).

Appears in 4 contracts

Samples: Stock Option Agreement (AEye, Inc.), Stock Option Agreement (Newlink Genetics Corp), Stock Option Agreement (Direct Communication Solutions, Inc.)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 below, in the event the Optionee, the Optionee's ’s legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired upon exercise of the Option (the "TRANSFER SHARES"“Transfer Shares”) to any person or entity, including, without limitation, any shareholder stockholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL"“Right of First Refusal”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Ambrx Inc), Stock Option Agreement (Qualcomm Inc/De)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired upon exercise of the Option (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL").

Appears in 2 contracts

Samples: Option Agreement (Telect Inc), Option Agreement (SSP Solutions Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL").

Appears in 2 contracts

Samples: Exercisable Nonstatutory Stock Option Agreement (Telocity Inc), Microislet Inc

Grant of Right of First Refusal. Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's ’s legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES"“Transfer Shares”) to any person or entity, including, without limitation, any shareholder stockholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL"“Right of First Refusal”).

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Autonomy Corp PLC), Incentive Stock Option Agreement (Autonomy Corp PLC)

Grant of Right of First Refusal. Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder stockholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL").

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Collegeclub Com Inc), Incentive Stock Option Agreement (Collegeclub Com Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL").

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Collegeclub Com Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired upon exercise of the Option (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL").

Appears in 1 contract

Samples: Stock Option Agreement (Spacedev Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 below, in the event the Optionee, the Optionee's ’s legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired upon exercise of the Option (the "TRANSFER SHARES"“Transfer Shares”) to any person or entity, including, without limitation, any shareholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL"“Right of First Refusal”).

Appears in 1 contract

Samples: Stock Option Agreement (Emulate Therapeutics, Inc.)

Grant of Right of First Refusal. Except as provided in Section 12.7 13.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 13 (the "RIGHT OF FIRST REFUSAL").

Appears in 1 contract

Samples: Telect Inc

Grant of Right of First Refusal. Except as provided in Section 12.7 10.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder stockholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 10 (the "RIGHT OF FIRST REFUSAL").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ask Jeeves Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARESTransfer Shares") to any person or entity, including, without limitation, any shareholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSALRight of First Refusal").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cisco Systems Inc)

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Grant of Right of First Refusal. Except as provided in Section 12.7 9.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise 7 189 dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder stockholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 9 (the "RIGHT OF FIRST REFUSAL"). This Right of First Refusal terminates in accordance with Section 9.9.

Appears in 1 contract

Samples: Stock Purchase Agreement (General Magic Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES"" Transfer Shares " ) to any person or entity, including, without limitation, any shareholder stockholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL"" Right of First Refusal " ).

Appears in 1 contract

Samples: Stock Option Plan (Composite Technology Corp)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 below, in the event the Optionee, the Optionee's ’s legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired upon exercise of the Option (the "TRANSFER SHARES") “Transfer Shares” to any person or entity, including, without limitation, any shareholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL"“Right of First Refusal”).

Appears in 1 contract

Samples: Stock Option Agreement (Axesstel Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 below9.7 herein, in the event the Optionee, the Optionee's legal representative, or other holder Optionee of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARESTransfer Shares") to any person or entity, including, without limitation, any shareholder of the Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 9 (the "RIGHT OF FIRST REFUSALRight of First Refusal"). This Right of First Refusal terminates in accordance with this Section 9.9.

Appears in 1 contract

Samples: Option Grant Agreement (Migratec Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder stockholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL").

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Virage Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL").. 12.2

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Netscape Communications Corp)

Grant of Right of First Refusal. Except as provided in Section 12.7 11.7 below, in the event the Optionee, the Optionee's ’s legal representative, or other holder of shares Shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares acquired upon exercise of the Option (the "TRANSFER SHARES"“Transfer Shares”) to any person or entity, including, without limitation, any shareholder stockholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 11 (the "RIGHT OF FIRST REFUSAL"“Right of First Refusal”).

Appears in 1 contract

Samples: Executive Employment Agreement (Ambrx Inc)

Grant of Right of First Refusal. Except as provided in Section 12.7 8.7 below, in the event the Optionee, the Optionee's ’s legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired upon exercise of the Option (the "TRANSFER SHARES"“Transfer Shares”) to any person or entity, including, without limitation, any shareholder of the a Participating Company GroupCompany, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 8 (the "RIGHT OF FIRST REFUSAL"“Right of First Refusal”). This Right of First Refusal terminates in accordance with Section 8.9.

Appears in 1 contract

Samples: Terms of Stock Option Agreement (Verisign Inc/Ca)

Grant of Right of First Refusal. Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARESTransfer Shares") to any person or entity, including, without limitation, any shareholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSALRight of First Refusal").

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

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