Common use of Lapse of Repurchase Right Clause in Contracts

Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Shares subject to this option in accordance with the vesting schedule set forth in the Notice of Stock Option Grant. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee immediately after the Change in Control or to its parent or subsidiary.

Appears in 4 contracts

Samples: Stock Option Agreement (I2 Technologies Inc), Stock Option Agreement (Siebel Systems Inc), Stock Option Agreement (Selectica Inc)

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Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Shares subject to this option in accordance with the vesting schedule set forth described in the Notice of Stock Option GrantNotice. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's ’s Service terminates and (ii) the Right of Repurchase is not assigned to the successor entity that employs retains the Optionee Optionee’s Service immediately after the Change in Control or to its such entity’s parent or subsidiary.

Appears in 2 contracts

Samples: Stock Option Agreement (Citadel Broadcasting Corp), Stock Option Agreement (Citadel Broadcasting Corp)

Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Purchased Shares subject to this option in accordance with the vesting schedule set forth in the Notice Summary of Stock Option GrantPurchase. In addition, the The Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee Purchaser immediately after the Change in Control or to its parent or subsidiary.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cisco Systems Inc)

Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Purchased Shares subject to this option in accordance with the vesting schedule set forth in the Notice Summary of Stock Option GrantPurchase. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the OptioneePurchaser's Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee Purchaser immediately after the Change in Control or to its parent or subsidiary.

Appears in 1 contract

Samples: Stock Purchase Agreement (Broadcom Corp)

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Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Shares subject to this option in accordance with the vesting schedule set forth in the Notice of Stock Option Grant. In addition, the The Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee immediately after the Change in Control or to its parent or subsidiary.

Appears in 1 contract

Samples: Stock Option Agreement (Adforce Inc)

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