Common use of Termination of Put Right Clause in Contracts

Termination of Put Right. The Put Right will terminate on the following date(s) (the “Expiration Date”): (a) With respect to any shares of Class A Common Stock subject to the Executive Equity Awards that have not become Put Eligible Shares, the Expiration Date will be the date such shares are forfeited pursuant to the applicable Equity Documents; and (b) With respect to any Put Eligible Shares, the Expiration Date will be the earliest of the date on which: (i) Executive sells, transfers, or otherwise disposes of such Put Eligible Shares; and (ii) the Final Conversion Date (as defined in the Amended and Restated Certificate of Incorporation).

Appears in 1 contract

Samples: Equity Exchange Right Agreement (Blend Labs, Inc.)

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Termination of Put Right. The Put Right will terminate on the following date(s) (the “Expiration Date”): (a1) With respect to any shares of Class A Common Stock subject to the Executive Founder Equity Awards Award that have not become Put Eligible Shares, the Expiration Date will be the date such shares are forfeited pursuant to the applicable Equity Documents; and (b2) With respect to any Put Eligible Shares, the Expiration Date will be the earliest of the date on which: (ia) Executive Founder sells, transfers, or otherwise disposes of such Put Eligible Shares; and (iib) the Final Conversion Date (as defined in the Amended and Restated Certificate of Incorporation).

Appears in 1 contract

Samples: Equity Exchange Right Agreement (Recursion Pharmaceuticals, Inc.)

Termination of Put Right. The Put Right will terminate on the following date(s) (the “Expiration Date”): (a) With respect to any shares of Class A Common Stock subject to the Executive a Founder Equity Awards Award that have not become Put Eligible Shares, the Expiration Date will be the date such shares are forfeited pursuant to the applicable Equity Documents; and (b) With respect to any Put Eligible Shares, the Expiration Date will be the earliest of the date on whichdate: (i) Executive on which Founder sells, transfers, or otherwise disposes of such Put Eligible Shares; and (ii) the Final Class C Automatic Conversion Date (as defined in the Amended and Restated Certificate of Incorporation).

Appears in 1 contract

Samples: Equity Exchange Right Agreement (Compass, Inc.)

Termination of Put Right. The Put Right will terminate on the following date(s) (the “Expiration Date”): (a) With respect to any shares of Class A Common Stock subject to the Executive Founder Equity Awards Award that have not become Put Eligible Shares, the Expiration Date will be the date such shares are forfeited pursuant to the applicable Equity Documents; and (b) With respect to any Put Eligible Shares, the Expiration Date will be the earliest of the date on which: (i) Executive Founder sells, transfers, or otherwise disposes of such Put Eligible Shares; and (ii) the Final Conversion Date (as defined in the Amended and Restated Certificate of Incorporation).

Appears in 1 contract

Samples: Equity Exchange Right Agreement (Recursion Pharmaceuticals, Inc.)

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Termination of Put Right. The Put Right will terminate on the following date(s) (the “Expiration Date”): (a) With respect to any shares of Class A Common Stock subject to the Executive a Founder Equity Awards Award that have not become Put Eligible Shares, the Expiration Date will be the date such shares are forfeited pursuant to the applicable Equity Documents; and (b) With respect to any Put Eligible Shares, the Expiration Date will be the earliest earlier of the date on which: (i) Executive Founder sells, transfers, or otherwise disposes of such Put Eligible Shares; and (ii) the Final Conversion Date (as defined in the Amended and Restated Certificate of Incorporation)) occurs.

Appears in 1 contract

Samples: Equity Exchange Right Agreement (Ibotta, Inc.)

Termination of Put Right. The Put Right will terminate on the following date(s) (the “Expiration Date”): (a) With respect to any shares of Class A Common Stock subject to the Executive Equity Awards that have not become Put Eligible Shares, the Expiration Date will be the date such shares are forfeited pursuant to the applicable Equity Documents; and (b) With respect to any Put Eligible Shares, the Expiration Date will be the earliest of the date on which: (i) Executive sells, transfers, or otherwise disposes of such Put Eligible Shares; and (ii) the Final Conversion Date (as defined in the Amended and Restated Certificate of Incorporation); and (iii) the date that the Voting Agreement terminates as to Executive.

Appears in 1 contract

Samples: Equity Exchange Right Agreement (Applovin Corp)

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