Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 2 and the Company makes available the consideration for the Restricted Shares being repurchased, then the person from whom the Restricted Shares are repurchased shall no longer have any rights as a holder of the Restricted Shares (other than the right to receive payment of such consideration). Such Restricted Shares shall be deemed to have been repurchased pursuant to this Section 2 whether or not the certificate(s) for such Restricted Shares have been delivered to the Company or the consideration for such Restricted Shares has been accepted.
Appears in 17 contracts
Samples: Restricted Stock Agreement (Photomedex Inc), Restricted Stock Agreement (Photomedex Inc), Restricted Stock Agreement (Photomedex Inc)
Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 2 and the Company makes available the consideration for the Restricted Shares being repurchased, then the person from whom the Restricted Shares are repurchased shall no longer have any rights as a holder of the Restricted Shares (other than the right to receive payment of such consideration). Such Restricted Shares shall be deemed to have been repurchased pursuant to this Section 2 2, whether or not the certificate(s) for such Restricted Shares have been delivered to the Company or the consideration for such Restricted Shares has been accepted.
Appears in 10 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement, Stock Purchase Agreement
Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 2 1 and the Company makes available the consideration for the Restricted Shares being repurchased, then the person from whom the Restricted Shares are repurchased shall no longer have any rights as a holder of the Restricted Shares (other than the right to receive payment of such consideration). Such Restricted Shares shall be deemed to have been repurchased pursuant to this Section 2 1, whether or not the certificate(s) for such Restricted Shares have been delivered to the Company or the consideration for such Restricted Shares has been accepted.
Appears in 9 contracts
Samples: Stock Restriction Agreement (Stable Road Acquisition Corp.), Stock Restriction Agreement, Stock Restriction Agreement
Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 2 and the Company makes available available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Restricted Shares being repurchasedto be repurchased in accordance with this Section 2, then after such time the person from whom the such Restricted Shares are to be repurchased shall no longer have any rights as a holder of the such Restricted Shares (other than the right to receive payment of such considerationconsideration in accordance with this Agreement). Such Restricted Shares shall be deemed to have been repurchased pursuant to this Section 2 in accordance with the applicable provisions hereof, whether or not the certificate(s) for such Restricted Shares therefor have been delivered to the Company or the consideration for such Restricted Shares has been acceptedas required by this Agreement.
Appears in 9 contracts
Samples: Restricted Stock Issuance Agreement, Equity Incentive Plan (Daystar Technologies Inc), Stock Purchase Agreement (Gene Logic Inc)
Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 2 and the Company makes available available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Restricted Shares being repurchasedto be repurchased in accordance with this Section 2, then after such time the person or entity from whom the such Restricted Shares are to be repurchased shall no longer have any rights as a holder of the Restricted Shares such shares (other than the right to receive payment of such considerationconsideration in accordance with this Agreement). Such Restricted Shares shall be deemed to have been repurchased pursuant to this Section 2 whether or not in accordance with the certificate(s) for such Restricted Shares have been delivered to the Company or the consideration for such Restricted Shares has been acceptedapplicable provisions hereof.
Appears in 3 contracts
Samples: Restricted Stock Agreement (Phreadz, Inc.), Restricted Stock Agreement (Atwood Minerals & Mining CORP.), Restricted Stock Agreement (Atwood Minerals & Mining CORP.)
Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 2 and the Company makes available available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Restricted Shares being repurchasedto be repurchased in accordance with this Section B, then after such time the person from whom the such Restricted Shares are to be repurchased shall no longer have any rights as a holder of the such Restricted Shares (other than the right to receive payment of such consideration). Such Restricted Shares shall be deemed to have been repurchased pursuant to this Section 2 whether or not the certificate(s) for such Restricted Shares have been delivered to the Company or the consideration for such Restricted Shares has been accepted.such
Appears in 2 contracts
Samples: Stock Restriction Agreement (Chemconnect Inc), Stock Restriction Agreement (Chemconnect Inc)
Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 2 and the Company makes available the consideration for the Restricted Shares being repurchased, then the person from whom the Restricted Shares are repurchased shall no longer have any rights as a holder of the these Restricted Shares (other than the right to receive payment of such consideration). Such Restricted Shares shall be deemed to have been repurchased pursuant to this Section 2 whether or not the certificate(s) for such Restricted Shares have been delivered to the Company or the consideration for such Restricted Shares has been accepted.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Photomedex Inc), Restricted Stock Agreement (Photomedex Inc)
Termination of Rights as Stockholder. If the Right of Repurchase is exercised in accordance with this Section 2 7 and the Company makes available the consideration for the Restricted Shares being repurchased, then the person from whom the Restricted Shares are repurchased shall no longer have any rights as a holder of the Restricted Shares (other than the right to receive payment of such consideration). Such Restricted Shares shall be deemed to have been repurchased pursuant to this Section 2 7, whether or not the certificate(s) for such Restricted Shares have been delivered to the Company or the consideration for such Restricted Shares has been accepted.
Appears in 1 contract
Termination of Rights as Stockholder. If the Right right of Repurchase repurchase is exercised in accordance with this Section 2 2.6 and the Company makes available the consideration for the Restricted Unvested Shares being repurchased, then the person from whom the Restricted Unvested Shares are repurchased shall no longer have any rights as a holder of the Restricted Unvested Shares (other than the right to receive payment of such consideration). Such Restricted Unvested Shares shall be deemed to have been repurchased pursuant to this Section 2 2.6, whether or not the certificate(s) for such Restricted Unvested Shares have been delivered to the Company or the consideration for such Restricted Unvested Shares has been accepted.
Appears in 1 contract
Samples: Zynga Inc