Common use of Limitations on Payment by Delivery of Common Stock Clause in Contracts

Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii) is applicable, and if the Optionee delivers Common Stock held by the Optionee (“Old Stock”) to the Company in full or partial payment of the exercise price and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee and the Company, an equivalent number of Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee paid for the Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreement. Notwithstanding the foregoing, the Optionee may not pay any part of the exercise price hereof by transferring Common Stock to the Company unless such Common Stock has been owned by the Optionee free of any substantial risk of forfeiture for at least six months.

Appears in 21 contracts

Samples: Restricted Stock Award Agreement (Acell Inc), Qualified Stock Option Agreement (New York Global Innovations Inc.), Non Qualified Stock Option Agreement (Marinus Pharmaceuticals Inc)

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Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii) is applicable, and if the Optionee delivers Common Stock held by the Optionee ("Old Stock") to the Company in full or partial payment of the exercise price and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee and the Company, an equivalent number of Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee paid for the Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreement. Notwithstanding the foregoing, the Optionee may not pay any part of the exercise price hereof by transferring Common Stock to the Company unless such Common Stock has been owned by the Optionee free of any substantial risk of forfeiture for at least six months.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (New York Global Innovations Inc.), Incentive Stock Option Agreement (Phase Forward Inc), Enernoc Inc

Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii) is applicable, and if the Optionee Participant delivers Common Stock held by the Optionee Participant (“Old Stock”) to the Company in full or partial payment of the exercise price and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee Participant and the Company, an equivalent number of Option Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee Participant paid for the Option Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreementAgreement. Notwithstanding the foregoing, the Optionee Participant may not pay any part of the exercise price hereof by transferring Common Stock to the Company unless such Common Stock has been owned by the Optionee Participant free of any substantial risk of forfeiture for at least six months.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Citrix Systems Inc), Non Qualified Stock Option Agreement (BG Medicine, Inc.), Non Qualified Stock Option Agreement (BG Medicine, Inc.)

Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii) is applicable, and if the Optionee delivers Common Stock held by the Optionee (“Old Stock”) to the Company in full or partial payment of the exercise price and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee and the Company, an equivalent number of Option Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee paid for the Option Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreementAgreement. Notwithstanding the foregoing, the Optionee may not pay any part of the exercise price hereof by transferring Common Stock to the Company unless such Common Stock has been owned by the Optionee free of any substantial risk of forfeiture for at least six months.

Appears in 4 contracts

Samples: www.sec.gov, Qualified Stock Option Agreement (Red Hat Inc), Exact Sciences Corp

Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii8(a)(iii) is applicable, and if the Optionee delivers Common Stock held by the Optionee (“Old Stock”) to the Company in full or partial payment of the exercise price and required tax withholding and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee and the Company, an equivalent a number of Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee paid for the Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreementAgreement. Notwithstanding the foregoing, the Optionee may not pay any part of the exercise price hereof or required tax withholding by transferring Common Stock to the Company unless such Common Stock has been owned by the Optionee free of any substantial risk of forfeiture for at least six months.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Karyopharm Therapeutics Inc.), Non Qualified Stock Option Agreement (Karyopharm Therapeutics Inc.)

Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii7(a)(ii) is applicable, and if the Optionee delivers Common Stock held by the Optionee ("Old Stock") to the Company Corporation in full or partial payment of the exercise price and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee and the CompanyCorporation, an equivalent number of Option Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee paid for the Option Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreementAgreement. Notwithstanding the foregoing, the Optionee may not pay any part of the exercise price hereof by transferring Common Stock to the Company Corporation unless such Common Stock has been owned by the Optionee free of any substantial risk of forfeiture for at least six months.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Sipex Corp)

Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii) is applicable, and if the Optionee delivers Common Stock held by the Optionee ("Old Stock") to the Company in full or partial payment of the exercise price and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee and the Company, an equivalent number of Option Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee paid for the Option Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreementAgreement. Notwithstanding the foregoing, the Optionee may not pay any part of the exercise price hereof by transferring Common Stock to the Company unless such Common Stock has been owned by the Optionee free of any substantial risk of forfeiture for at least six months.

Appears in 1 contract

Samples: Transwitch Corp /De

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Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii6(a)(iii) is applicable, and if the Optionee Participant delivers Common Stock held by the Optionee Participant (“Old Stock”) to the Company in full or partial payment of the exercise price and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee Participant and the Company, an equivalent number of Option Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee Participant paid for the Option Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreementAgreement. Notwithstanding the foregoing, the Optionee Participant may not pay any part of the exercise price hereof by transferring Common Stock to the Company unless such Common Stock has been owned by the Optionee Participant free of any substantial risk of forfeiture for at least six months.

Appears in 1 contract

Samples: Consulting Non Qualified Stock Option Agreement (Rib X Pharmaceuticals Inc)

Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii7(a)(ii) is applicable, and if the Optionee delivers Common Stock held by the Optionee (“Old Stock”) to the Company in full or partial payment of the exercise price and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee and the Company, an equivalent number of Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee paid for the Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreement. Notwithstanding the foregoing, the Optionee may not pay any part of the exercise price hereof by transferring Common Stock to the Company unless such Common Stock has been owned by the Optionee free of any substantial risk of forfeiture for at least six months.

Appears in 1 contract

Samples: Performance Based Incentive Stock Option Agreement (Matritech Inc/De/)

Limitations on Payment by Delivery of Common Stock. If Section 7(a)(iii6(a)(iii) is applicable, and if the Optionee delivers Common Stock held by the Optionee ("Old Stock") to the Company in full or partial payment of the exercise price and the Old Stock so delivered is subject to restrictions or limitations imposed by agreement between the Optionee and the Company, an equivalent number of Option Shares shall be subject to all restrictions and limitations applicable to the Old Stock to the extent that the Optionee paid for the Option Shares by delivery of Old Stock, in addition to any restrictions or limitations imposed by this agreementAgreement. Notwithstanding the foregoing, the Optionee may not pay any part of the exercise price hereof by transferring Common Stock to the Company unless such Common Stock has been owned by the Optionee free of any substantial risk of forfeiture for at least six months.

Appears in 1 contract

Samples: Stock Option Agreement (Insulet Corp)

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