Common use of Release of Shares From Repurchase Option Clause in Contracts

Release of Shares From Repurchase Option. (a) percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEAR] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTER], provided that the Purchaser does not cease to be a Service Provider prior to the date of any such release. (b) Any of the Shares that have not yet been released from the Repurchase Option are referred to herein as "Unreleased Shares." (c) The Shares that have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser's request (see Section 6).

Appears in 2 contracts

Samples: Stock Option Agreement (Roxio Inc), Stock Option Agreement (Superconductor Technologies Inc)

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Release of Shares From Repurchase Option. (a) percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each month thereafter], provided that the Purchaser does not cease to be a Service Provider prior to the date of any such release. (b) Any of the Shares that have not yet been released from the Repurchase Option are referred to herein as "Unreleased Shares." (c) The Shares that have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser's request (see Section 6).

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Snap Appliances Inc), Stock Option Agreement (Omm Inc)

Release of Shares From Repurchase Option. (a) percent (______( %) of the Shares shall be released from the Company's ’s Repurchase Option [ONE YEARone year] after the Date of Grant and __________________ percent (______( %) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each month thereafter], provided that the Purchaser does not cease to be a Service Provider prior to the date of any such release. (b) Any of the Shares that have not yet been released from the Repurchase Option are referred to herein as "Unreleased Shares." (c) The Shares that have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser's ’s request (see Section 6).

Appears in 1 contract

Samples: Stock Option Agreement (Netflix Inc)

Release of Shares From Repurchase Option. (a) percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of ------------- Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each ------------------ month thereafter], provided that the Purchaser does not cease to be a Service ----------------- Provider prior to the date of any such release.. -- (b) Any of the Shares that have not yet been released from the Repurchase Option are referred to herein as "Unreleased Shares." (c) The Shares that have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser's request (see Section 6).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Garden Com Inc)

Release of Shares From Repurchase Option. (a) percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of -------------- Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each ------------------ month thereafter], provided that the Purchaser does not cease to be a Service ---------------- Provider prior to the date of any such release. (b) Any of the Shares that have not yet been released from the Repurchase Option are referred to herein as "Unreleased Shares." (c) The Shares that have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser's request (see Section 6).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Garden Com Inc)

Release of Shares From Repurchase Option. (a) percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEAR] one year after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTER]at the end of each month thereafter, provided that the Purchaser does Purchaser's Continuous Status as an Employee or Consultant has not cease to be a Service Provider terminated prior to the date of any such release. (b) Any of the Shares that have not yet been released from the Repurchase Option are referred to herein as "Unreleased Shares." (c) The Shares that have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser's request (see Section 6).

Appears in 1 contract

Samples: Stock Option Agreement (Sierra Monitor Corp /Ca/)

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Release of Shares From Repurchase Option. (a) percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of ---------- Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each ------------------ month thereafter], provided that the Purchaser does not cease to be a Service ---------------- Provider prior to the date of any such release. (b) Any of the Shares that have not yet been released from the Repurchase Option are referred to herein as "Unreleased Shares." (c) The Shares that have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser's request (see Section 6).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Clearcommerce Corp)

Release of Shares From Repurchase Option. (a) 1. percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each month thereafter], provided that the Purchaser does not cease to be a Service Provider maintains Continuous Status as an Optionee prior to the date of any such release. (b) 2. Any of the Shares that have not yet been released from the Repurchase Option are referred to herein as "Unreleased Shares." (c) 3. The Shares that have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser's request (see Section 6).

Appears in 1 contract

Samples: Stock Option Agreement (Spectrx Inc)

Release of Shares From Repurchase Option. (a) percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEARone year] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTERat the end of each month thereafter], provided that the Purchaser Purchaser's Continuous Status as an Employee or Consultant does not cease to be a Service Provider terminate prior to the date of any such release. (b) Any of the Shares that have not yet been released from the Repurchase Option are referred to herein as "Unreleased Shares." (c) The Shares that have been released from the Repurchase Option shall be delivered to the Purchaser at the Purchaser's request (see Section 6).

Appears in 1 contract

Samples: Stock Option Agreement (Cirrus Logic Inc)

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