Common use of MERGERS AND OTHER SALE EVENTS Clause in Contracts

MERGERS AND OTHER SALE EVENTS. (a) If from time to time there is any stock split, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Employee are entitled by reason of his/its ownership of the Unvested Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and the other provisions of this Agreement in the same manner and to the same extent as the Unvested Shares, and the Option Price shall be appropriately adjusted.

Appears in 1 contract

Samples: Restricted Stock Agreement (Affymetrix Inc)

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MERGERS AND OTHER SALE EVENTS. (a) If from time to time there is any stock split, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Employee and KFT are entitled by reason of his/its ownership of the Unvested Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and the other provisions of this Agreement in the same manner and to the same extent as the Unvested Shares, and the Option Price shall be appropriately adjusted.

Appears in 1 contract

Samples: Restricted Stock Agreement (Affymetrix Inc)

MERGERS AND OTHER SALE EVENTS. (a) If from time to time there is any stock split, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Employee are is entitled by reason of his/its his ownership of the Unvested Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and the other provisions of this Agreement in the same manner and to the same extent as the Unvested Shares, and the Option Price shall be appropriately adjusted.

Appears in 1 contract

Samples: Restricted Stock Agreement (Breakaway Solutions Inc)

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MERGERS AND OTHER SALE EVENTS. (a) If from time to time there is any stock split, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Employee and HFI LLC are entitled by reason of his/its ownership of the Unvested Shares shall be immediately subject to the Purchase Option, the restrictions on transfer and the other provisions of this Agreement in the same manner and to the same extent as the Unvested Shares, and the Option Price shall be appropriately adjusted.

Appears in 1 contract

Samples: Restricted Stock Agreement (Affymetrix Inc)

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