Common use of Scope of Repurchase Right Clause in Contracts

Scope of Repurchase Right. Unless they have become vested in accordance with the Notice of Stock Option Grant and Subsection (c) below, the Shares acquired under this Agreement initially shall be Restricted Shares and shall be subject to a right (but not an obligation) of repurchase by the Company. The Optionee shall not transfer, assign, encumber or otherwise dispose of any Restricted Shares, except as provided in the following sentence. The Optionee may transfer Restricted Shares (i) by beneficiary designation, will or intestate succession or (ii) to the Optionee's spouse, children or grandchildren or to a trust established by the Optionee for the benefit of the Optionee or the Optionee's spouse, children or grandchildren, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Optionee transfers any Restricted Shares, then this Section 7 shall apply to the Transferee to the same extent as to the Optionee.

Scope of Repurchase Right. Unless they have become vested in accordance with the Notice of Stock Option Grant and Subsection (c) below, the Shares acquired under this Agreement initially shall be Restricted Shares and shall be subject to a right (but not an obligation) of repurchase by the CompanyCompany (the "Right of Repurchase"). The Optionee Purchaser shall not transfer, assign, encumber or otherwise dispose of any Restricted Shares, except as provided in the following sentence. The Optionee Purchaser may transfer Restricted Shares (i) by beneficiary designation, will or intestate succession or (ii) to the OptioneePurchaser's spouse, children or grandchildren or to a trust established by the Optionee Purchaser for the benefit of the Optionee Purchaser or the OptioneePurchaser's spouse, children or grandchildren, provided in either case that the Transferee transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Optionee Purchaser transfers any Restricted Shares, then this Section 7 2 shall apply to the Transferee transferee to the same extent as to the OptioneePurchaser.

Scope of Repurchase Right. Unless they have become vested in accordance with the Notice first page of Stock Option Grant this Agreement and Subsection Subparagraph (c) below, the Shares acquired under this Agreement initially shall be Restricted Shares and shall be subject to a right (but not an obligation) of repurchase by the CompanyCompany ("Unvested Repurchase Right"). The Optionee shall not transfer, assign, encumber or otherwise dispose of any Restricted Shares, except as provided in the following sentence. The Optionee may transfer Restricted Shares (i) by beneficiary designation, will or intestate succession or (ii) to the Optionee's spouse, children or grandchildren or to a trust established by the Optionee for the benefit of the Optionee or the Optionee's spouse, children or grandchildren, provided in either case that the Transferee person to whom the Optionee has transferred the Shares ("Transferee") agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Optionee transfers any Restricted Shares, then this Section 7 Paragraph 8 shall apply to the Transferee to the same extent as to the Optionee.

Scope of Repurchase Right. Unless they have become vested To the extent, if any, provided in accordance with the Notice of Stock Option Grant and Subsection (c) belowGrant, the Shares acquired under this Agreement initially shall be Restricted Shares and shall be subject to a right (but not an obligation) of repurchase by the Company. The Optionee shall not transfer, assign, encumber or otherwise dispose of any Restricted Shares, except as provided in the following sentence. The Optionee may transfer Restricted Shares (i) by beneficiary designation, will or intestate succession or (ii) to the Optionee's ’s spouse, children or grandchildren or to a trust established by the Optionee for the benefit of the Optionee or the Optionee's ’s spouse, children or grandchildren, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Optionee transfers any Restricted Shares, then this Section 7 shall apply to the Transferee to the same extent as to the Optionee.