Common use of Ownership Change Event Clause in Contracts

Ownership Change Event. Upon the occurrence of an Ownership Change Event, any and all new, substituted or additional securities or other property to which the Participant is entitled by reason of the Participant’s ownership of Unvested Shares shall be immediately subject to the Company Reacquisition Right and included in the terms “Shares,” “Stock” and “Unvested Shares” for all purposes of the Company Reacquisition Right with the same force and effect as the Unvested Shares immediately prior to the Ownership Change Event.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Super Micro Computer, Inc.), Stock Option Agreement (Trident Microsystems Inc)

AutoNDA by SimpleDocs

Ownership Change Event. Upon the occurrence of an Ownership Change Event, any and all new, substituted or additional securities or other property to which the Participant is entitled by reason of the Participant’s ownership of Unvested Shares Units shall be immediately subject to the Company Reacquisition Right and included in the terms “Shares,” “StockUnits” and “Unvested SharesUnits” for all purposes of the Company Reacquisition Right with the same force and effect as the Unvested Shares Units immediately prior to the Ownership Change Event.

Appears in 2 contracts

Samples: Stock Option Agreement (Trident Microsystems Inc), Restricted Stock Units Agreement (Super Micro Computer, Inc.)

Ownership Change Event. Upon the occurrence of an Ownership Change Event, any and all new, substituted or additional securities or other property to which the Participant Optionee is entitled by reason of the Participant’s Optionee's ownership of Unvested Shares shall be immediately subject to the Company Reacquisition Right and included in the terms “Shares,” “Stock” and “Unvested Shares” for all purposes of the Company Reacquisition Right with the same force and effect as the Unvested Shares immediately prior to the Ownership Change Event.be

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Collegeclub Com Inc)

Ownership Change Event. Upon the occurrence of an Ownership Change EventEvent (as defined below), any and all new, substituted or additional securities or other property to which the Participant Employee is entitled by reason of the Participant’s his ownership of Unvested Shares shall be immediately subject to the Company Unvested Share Reacquisition Right and included in the terms "Shares,” “Stock” " and "Unvested Shares" for all purposes of the Company Unvested Share Reacquisition Right with the same force and effect as the Unvested Shares immediately prior to the Ownership Change EventRight.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tab Products Co)

AutoNDA by SimpleDocs

Ownership Change Event. Upon the occurrence of an Ownership Change Event, any and all new, substituted or additional securities or other property to which the Participant is entitled by reason of the Participant’s ownership of Unvested Shares shall be immediately subject to the Company Reacquisition Right and included in the terms “Shares,” “Stock,” and “Unvested Shares” for all purposes of the Company Reacquisition Right with the same force and effect as the Unvested Shares immediately prior to the Ownership Change Event.

Appears in 1 contract

Samples: Restricted Stock Agreement (IdentiPHI, Inc.)

Ownership Change Event. Upon the occurrence of an Ownership Change Event, any and all new, substituted or additional securities or other property to which the Participant is entitled by reason of the Participant’s ownership of Unvested Shares shall be immediately Immediately subject to the Company Reacquisition Right and included in the terms “Shares,” “Stock,” and “Unvested Shares” for all purposes of the Company Reacquisition Right with the same force and effect as the Unvested Shares immediately prior to the Ownership Change Event.

Appears in 1 contract

Samples: Restricted Stock Agreement (Axt Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!