Common use of Participant Acknowledgments Clause in Contracts

Participant Acknowledgments. In connection with the grant of any RSU and/or the issuance of any Common Stock pursuant to this Agreement, the Participant acknowledges and agrees, that as a condition to any such grant or issuance: (a) Neither the grant of any RSU, the issuance of any Common Stock nor any provision contained in this Agreement shall entitle the Participant to remain in the service of the Company or its Subsidiaries or affect the right of the Company to terminate any Participant’s service at any time for any reason. (b) The Participant will have consulted, or will have had an opportunity to consult with, independent legal counsel regarding his or her rights and obligations under this Agreement evidencing any grant of RSUs and he or she fully understands the terms and conditions contained herein and therein. (c) Prior to the issuance of any shares of Common Stock hereunder, the Participant will deliver to the Company an executed consent from the Participant’s spouse (if any) in the form of Exhibit A attached hereto. If, at any time subsequent to the date the Participant is issued any shares of Common Stock and prior to the occurrence of a Termination Event, the Participant becomes legally married (whether in the first instance or to a different spouse), the Participant shall cause his or her spouse to execute and deliver to the Company a consent in the form of Exhibit A attached hereto. The Participant’s failure to deliver the Company an executed consent in the form of Exhibit A at any time when the Participant would otherwise be required to deliver such consent shall constitute the Participant’s continuing representation and warranty that the Participant is not legally married as of such date. Prior to the issuance of any shares of Common Stock hereunder, Participant will deliver to the Company an executed joinder to the Stockholders Agreement.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Datto Holding Corp.), Restricted Stock Unit Agreement (Ping Identity Holding Corp.), Restricted Stock Unit Agreement (Ping Identity Holding Corp.)

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Participant Acknowledgments. In connection with the grant of any RSU Option and/or the issuance of any Common Stock pursuant to this AgreementPlan, the each Participant acknowledges and agrees, that as a condition to any such grant or issuance: (a) The Company will have no duty or obligation to disclose to any Participant, and no Participant will have any right to be advised of, any material information regarding the Company or its Subsidiaries at any time prior to, upon or in connection with the repurchase of any Option Shares upon the termination of such Participant’s employment with the Company or its Subsidiaries or as otherwise provided under this Plan or any written agreement evidencing the grant of any Option or the issuance of any shares of Common Stock. (b) Neither the grant of any RSUOption, the issuance of any Common Stock nor any provision contained in this Agreement Plan or in any written agreement evidencing the grant of any Option or the issuance of any Common Stock shall entitle the such Participant to remain in the service employment of the Company or its Subsidiaries or affect the right of the Company to terminate any Participant’s service employment at any time for any reason. (bc) The Such Participant will have consulted, or will have had an opportunity to consult with, independent legal counsel regarding his or her rights and obligations under this Agreement Plan and any written agreement evidencing any grant of RSUs any Option and he or she fully understands the terms and conditions contained herein and therein. (cd) Prior to the issuance purchase of any shares of Common Stock hereunderpursuant to this Plan or any written agreement evidencing the purchase of any shares of Common Stock, the such Participant will deliver to the Company an executed consent from the such Participant’s spouse (if any) in the form of Exhibit A 1 attached hereto. If, at any time subsequent to the date the such Participant is issued purchases any shares of Common Stock and prior to the occurrence of a Termination EventChange of Control, the such Participant becomes legally married (whether in the first instance or to a different spouse), the such Participant shall cause his or her spouse to execute and deliver to the Company a consent in the form of Exhibit A 1 attached hereto. The Such Participant’s failure to deliver the Company an executed consent in the form of Exhibit A 1 at any time when the such Participant would otherwise be required to deliver such consent shall constitute the such Participant’s continuing representation and warranty that the such Participant is not legally married as of such date. Prior At the request of the Company, all Participants shall execute a joinder to any stockholders agreement among the issuance equityholders of any shares of Common Stock hereunder, Participant will deliver to the Company an executed joinder to the Stockholders Agreementthen in effect.

Appears in 1 contract

Samples: Option Rollover Agreement (Datto Holding Corp.)

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