Common use of Termination of Participant’s Continuous Service Clause in Contracts

Termination of Participant’s Continuous Service. Subject to the “Repurchase Limitation” in subsection 10(h), in the event a Participant’s Continuous Service terminates, the Company may repurchase or otherwise reacquire any or all of the shares of Common Stock held by the Participant which have not vested as of the date of termination under the terms of the restricted stock purchase agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Source Atlantic, Inc.), Merger Agreement (NextWave Wireless LLC)

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Termination of Participant’s Continuous Service. Subject to the “Repurchase Limitation” in subsection 10(h), in the event a Participant’s Continuous Service terminates, the Company may repurchase or otherwise reacquire any or all of the shares of Common Stock held by the Participant which have not vested as of the date of termination under the terms of the restricted stock purchase bonus agreement.

Appears in 2 contracts

Samples: Merger Agreement (NextWave Wireless LLC), Stock Option Agreement (Source Atlantic, Inc.)

Termination of Participant’s Continuous Service. Subject to the “Repurchase Limitation” in subsection 10(h), in In the event a Participant’s 's Continuous Service terminates, the Company may repurchase or otherwise reacquire any or all of the shares of Common Stock held by the Participant which have not vested as of the date of termination under the terms of the restricted stock purchase bonus agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Lightspan Inc)

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Termination of Participant’s Continuous Service. Subject to the “Repurchase Limitation” in subsection 10(h), in In the event a Participant’s 's Continuous Service terminates, the Company may repurchase or otherwise reacquire any or all of the shares of Common Stock held by the Participant which have not vested as of the date of termination under the terms of the restricted stock purchase agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Lightspan Inc)

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