Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTION").
Appears in 11 contracts
Samples: Securities Agreement (Netscape Communications Corp), Incentive Stock Option Agreement (Netscape Communications Corp), Securities Agreement (Broadcom Corp)
Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTIONOption").
Appears in 4 contracts
Samples: Incentive Stock Option Agreement (Collegeclub Com Inc), Securities Purchase Agreement (Telocity Inc), Incentive Stock Option Agreement (Collegeclub Com Inc)
Grant of Unvested Share Repurchase Option. In the event the ----------------------------------------- Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, or if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 below (the "UNVESTED SHARESUnvested Shares"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTIONUnvested Share Repurchase Option").
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Krause L William), Incentive Stock Option Agreement (Krause L William)
Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares Unvested Shares, as defined in Section 11.2 below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTION").
Appears in 2 contracts
Samples: Stock Option Agreement (Telect Inc), Securities Purchase Agreement (Microislet Inc)
Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 9.2 below (the "UNVESTED SHARES"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 9 (the "UNVESTED SHARE REPURCHASE OPTION").
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Grant of Unvested Share Repurchase Option. In the event the Optionee's Company Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, or if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Eventexcept as otherwise may be permitted under the Option Agreement) any shares acquired upon exercise of the Option option which exceed the Vested Shares as defined in Section 11.2 3.2 below (the "UNVESTED SHARESUnvested Shares"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in Sections 3.1 through 3.4 of this Section 11 Agreement (the "UNVESTED SHARE REPURCHASE OPTIONUnvested Share Repurchase Option").
Appears in 1 contract
Samples: Stock Option Agreement (Savoir Technology Group Inc/De)
Grant of Unvested Share Repurchase Option. In the event the Optionee's Service with the Participating Company Group is terminated for any reason or no reason, with or without cause, or, if the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an Ownership Change Event) any shares acquired upon exercise of the Option which exceed the Vested Shares as defined in Section 11.2 below (the "UNVESTED SHARESUnvested Shares"), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Section 11 (the "UNVESTED SHARE REPURCHASE OPTION").Shares
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