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

Grant of Right of First Refusal. Except as provided in Section 10.7 and Section 15 below, in the event the Participant, the 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”) to any person or entity, including, without limitation, any stockholder of a Participating Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 (the “Right of First Refusal”).

Appears in 2 contracts

Samples: Vested Stock Option Agreement (Intelepeer Inc), Vested Stock Option Agreement (Intelepeer Inc)

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Grant of Right of First Refusal. Except as provided in Section 10.7 8.7 and Section 15 13 below, in the event the Participant, the Participant’s legal representative, or other holder of shares Shares acquired upon exercise of the Option Purchase Right 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 stockholder shareholder of a Participating Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 8 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Rubicon Project, Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.7 11.7 and Section 15 17 below, in the event the Participant, the 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”) to any person or entity, including, without limitation, any stockholder of a Participating Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 11 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Stock Option Agreement (Conatus Pharmaceuticals Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.7 and Section 15 below8.7, in the event the Participant, the Participant’s legal representative, or other holder of shares Shares acquired upon exercise settlement of the Option Award proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested such Shares (the “Transfer Shares”) to any person or entity, including, without limitation, any stockholder of a Participating Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Stock Units Agreement (SmartRent, Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.7 11.7 and Section 15 below17, in the event the Participant, the 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”) to any person or entity, including, without limitation, any stockholder of a Participating Company, the Company shall will have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 11 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Stock Option Agreement (Alpha Teknova, Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.7 11.7 and Section 15 16 below, in the event the Participant, the 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”) to any person or entity, including, without limitation, any stockholder of a Participating the Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 11 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Stock Option Agreement (SmartRent, Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.7 and Section 15 13.7 below, in the event the Participant, the Participant’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 or any Unvested Shares (together, the "Transfer Shares") to any person or entity, including, without limitation, any stockholder shareholder of a Participating the Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 13 (the "Right of First Refusal").

Appears in 1 contract

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

Grant of Right of First Refusal. Except as provided in Section 10.7 and Section 15 below9.7, in the event the Participant, the Participant’s legal representative, or other holder of shares acquired upon exercise settlement of the Option Award proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares such shares (the “Transfer Shares”) to any person or entity, including, without limitation, any stockholder of a Participating Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Lovesac Co)

Grant of Right of First Refusal. Except as provided in Section 10.7 12.7 and Section 15 17 below, in the event the Participant, the 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”) to any person or entity, including, without limitation, any stockholder shareholder of a Participating Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 12 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Stock Option Agreement (Conatus Pharmaceuticals Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.7 8.7 and Section 15 13 below, in the event the Participant, the Participant’s 's legal representative, or other holder of shares acquired upon exercise of the Option Purchase Right 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 stockholder shareholder of a Participating Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 8 (the "Right of First Refusal").

Appears in 1 contract

Samples: Stock Purchase Agreement (CreditCards.com, Inc.)

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Grant of Right of First Refusal. Except as provided in Section 10.7 11.7 and Section 15 17 below, in the event the Participant, the 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”) to any person third party that is unrelated to the Company or entity, including, without limitation, any stockholder of a Participating Companythe Participant, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 11 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Stock Option Agreement (Gemphire Therapeutics Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.7 and Section 15 10(g) below, in the event the Participantyou, the Participant’s your legal representative, or other holder of shares acquired upon exercise grant of the Option Award proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired pursuant to the Award (the “Transfer Shares”) to any person or entity, including, without limitation, any stockholder shareholder of a Participating Companyan Affiliate, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Lipocine Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.7 and Section 15 12.7 below, in the event the Participant, the 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”) to any person or entity, including, without limitation, any stockholder of a Participating Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 12 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Stock Option Agreement (Reply! Inc)

Grant of Right of First Refusal. Except as provided in Section 10.7 and Section 15 below8.7, in the event event, prior to an Initial Public Offering, the Participant, the Participant’s legal representative, or other holder of shares Shares acquired upon exercise settlement of the Option Award proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested such Shares (the “Transfer Shares”) to any person or entity, including, without limitation, any stockholder of the Company, a Participating CompanyParent or Subsidiary, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 (the “Right of First Refusal”).

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Terran Orbital Corp)

Grant of Right of First Refusal. Except as provided in Section 10.7 and Section 15 11(g) below, in the event the Participantyou, the Participant’s your legal representative, or other holder of shares acquired upon exercise of the Option your option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares shares acquired upon exercise of you option (the “Transfer Shares”) to any person or entity, including, without limitation, any stockholder shareholder of a Participating the Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 11 (the “Right of First Refusal”).

Appears in 1 contract

Samples: 2011 Equity Incentive (Lipocine Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.7 11.7 and Section 15 16 below, in the event the Participant, the Participant’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") to any person or entity, including, without limitation, any stockholder of a Participating Company, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 10 11 (the "Right of First Refusal").

Appears in 1 contract

Samples: CreditCards.com, Inc.

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