Common use of Lapse of Repurchase Right Clause in Contracts

Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the first 25% of the Purchased Shares when Xxxxxxxx completes 12 months of continuous Service after the Vesting Commencement Date. The Right of Repurchase shall lapse with respect to an additional 2.0833% of the Purchased Shares when Xxxxxxxx completes each month of continuous Service thereafter. In addition, provided that Xxxxxxxx continues Service with the Company, the Right of Repurchase shall lapse on an accelerated basis as set forth below:

Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the first 25% of the Purchased Shares when Xxxxxxxx XxXxxxx completes 12 months of continuous Service after the Vesting Commencement Date. The Right of Repurchase shall lapse with respect to an additional 2.0833% of the Purchased Shares when Xxxxxxxx XxXxxxx completes each month of continuous Service thereafter. In addition, provided that Xxxxxxxx XxXxxxx continues Service with the Company, the Right of Repurchase shall lapse on an accelerated basis as set forth below:

Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the first 25% 1/36th of the Purchased Shares when Xxxxxxxx the Purchaser completes 12 months each month of continuous Service after the Vesting Commencement Date. The Right of Repurchase shall lapse with respect to an additional 2.0833% of the Purchased Shares when Xxxxxxxx completes each month of continuous Service thereafter. In addition, provided that Xxxxxxxx continues Service with the Company, the Right of Repurchase following rules shall lapse on an accelerated basis as set forth belowapply:

Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the first 25% 1/48th of the Class B Purchased Shares when Xxxxxxxx the Purchaser completes 12 months each month of continuous Service after from the Vesting Commencement Date. The In addition, the following rules shall apply if the Company is subject to a Change in Control before the Purchaser’s Service terminates: If the Purchaser is subject to an Involuntary Termination within 12 months after the Change in Control, then Right of Repurchase shall lapse with respect to an additional 2.0833100% of the Purchased Shares when Xxxxxxxx completes each month of continuous Service thereafter. In addition, provided that Xxxxxxxx continues Service with the Company, the Right of Repurchase shall lapse on an accelerated basis as set forth below:any remaining Restricted Shares.