Common use of Release of Shares Cumulative; Continued Service Condition Clause in Contracts

Release of Shares Cumulative; Continued Service Condition. The release of Unreleased Shares from the Company's Repurchase Option under paragraphs (a) and (b) shall be cumulative. Except as otherwise provided in subparagraph 2(i), Unreleased Shares shall only be released from the Company's Repurchase Option pursuant to this paragraph 2 if Holder is an Employee, Director or Consultant of the Company or any of its Subsidiaries on the applicable Performance Vesting Effective Date.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Leap Wireless International Inc), Restricted Stock Award Agreement (Leap Wireless International Inc)

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Release of Shares Cumulative; Continued Service Condition. The release of Unreleased Shares from the Company's ’s Repurchase Option under paragraphs (a), (b) and (bc) shall be cumulative. Except as otherwise provided in subparagraph 2(i), Unreleased Shares shall only be released from the Company's ’s Repurchase Option pursuant to this paragraph 2 if Holder is an Employee, Director or Consultant of the Company or any of its Subsidiaries on the applicable Performance Vesting Effective Date.

Appears in 2 contracts

Samples: Notice and Restricted Stock Award Agreement (Leap Wireless International Inc), Restricted Stock Award Agreement (Leap Wireless International Inc)

Release of Shares Cumulative; Continued Service Condition. The release of Unreleased Shares from the Company's Repurchase Option under paragraphs (a), (b) and (bc) shall be cumulative. Except as otherwise provided in subparagraph 2(i2(j), Unreleased Shares shall only be released from the Company's Repurchase Option pursuant to this paragraph 2 if Holder is an Employee, Director or Consultant of the Company or any of its Subsidiaries on the applicable Performance Vesting Effective Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Leap Wireless International Inc)

Release of Shares Cumulative; Continued Service Condition. The release of Unreleased Shares from the Company's Repurchase Option under paragraphs (a) and (b) shall be cumulative. Except as otherwise provided in subparagraph 2(i), Unreleased Shares shall only be released from the Company's Repurchase Option pursuant to this paragraph 2 if Holder is an Employee, Director or Consultant of the Company or any of its Subsidiaries on the applicable Performance Vesting Effective Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Leap Wireless International Inc)

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Release of Shares Cumulative; Continued Service Condition. The release of Unreleased Shares from the Company's Repurchase Option under paragraphs (a), (b) and (bc) shall be cumulative. Except as otherwise provided in subparagraph 2(i), Unreleased Shares shall only be released from the Company's Repurchase Option pursuant to this paragraph 2 if Holder is an Employee, Director or Consultant of the Company or any of its Subsidiaries on the applicable Performance Vesting Effective Date.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Leap Wireless International Inc)

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