Common use of Grant of Unvested Share Reacquisition Right Clause in Contracts

Grant of Unvested Share Reacquisition Right. In the event that the CEO’s Service is terminated pursuant to Section 2.8, or, if the CEO, the CEO’s legal representative or other holder of the Remaining Shares attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event, as defined in Section 3.2) any Unvested Shares, the Company shall immediately and automatically reacquire the Unvested Shares, and the CEO shall not be entitled to any payment therefor (the “Unvested Share Reacquisition Right”).

Grant of Unvested Share Reacquisition Right. In the event that the CEO’s Service is terminated pursuant to Section 2.82.7, or, if the CEO, the CEO’s legal representative or other holder of the Remaining Shares attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event, as defined in Section 3.2) any Unvested Shares, the Company shall immediately and automatically reacquire the Unvested Shares, and the CEO shall not be entitled to any payment therefor (the “Unvested Share Reacquisition Right”).