Common use of Release/Surrender Clause in Contracts

Release/Surrender. (a) If the Company exercises the Repurchase Option with respect to any Unvested Shares, then the escrowed certificates for such Unvested Shares or the certificates representing such Unvested Shares (together with any other assets or securities issued with respect to such Unvested Shares) shall be delivered to the Company for cancellation, concurrently with the payment to Founder of the amount provided for in Section 3.2(a) above, as applicable, and Founder shall cease to have any further rights or claims with respect to such Unvested Shares (or other assets or securities). (b) When the Unvested Shares (or any other assets or securities issued with respect to such Unvested Shares) vest in accordance with Section 3.3, the certificates for such Vested Shares shall, at Founder’s request, no more than once in any six month period be promptly released from escrow and delivered to Founder. (c) All shares released from escrow in accordance with the provisions of Section 4.3(b) nevertheless remain subject to the other provisions of this Agreement and to any Transfer Restriction Agreements.

Release/Surrender. (a) If the Company exercises the Repurchase Option with respect to any Unvested Shares, then the escrowed certificates for such Unvested Shares or the certificates representing such Unvested Shares (together with any other assets or securities issued with respect to such Unvested Shares) shall be delivered to the Company for cancellation, concurrently with the payment to Founder of the amount provided for in Section 3.2(a2.2(a) above, as applicable, and Founder shall cease to have any further rights or claims with respect to such Unvested Shares (or other assets or securities). (b) When the Unvested Shares (or any other assets or securities issued with respect to such Unvested Shares) vest in accordance with Section 3.32.3, the certificates for such Vested Shares shall, at Founder’s request, no more than once in any six month period be promptly released from escrow and delivered to Founder. (c) All shares released from escrow in accordance with the provisions of Section 4.3(b3.3(b) nevertheless remain subject to the other provisions of this Agreement and to any Transfer Restriction Agreements.