Common use of Stock Restriction Agreements For Future Employees Clause in Contracts

Stock Restriction Agreements For Future Employees. The Company and each future employee or consultant purchasing or otherwise receiving shares of Common Stock from the Company (other than persons receiving Common Stock upon declaration of dividends or by conversion of Preferred Stock) will enter into a stock restriction agreement (or, upon grant of a stock option, an option agreement) in the form approved by the Board of Directors of the Company and the Investor Board Members.

Appears in 4 contracts

Samples: Sample Convertible Preferred Stock Purchase Agreement, Stock Purchase Agreement, Stock Purchase Agreement

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