Unvested Share Reacquisition Right. In the event that the Participant’s Service Provider relationship with the Company is terminated for any reason, with or without cause, the Company shall automatically reacquire all shares of Restricted Stock that are not Vested Shares as of the termination date (the “Unvested Shares”) without any action on the part of Participant, who shall forfeit such shares immediately, and the Participant shall not be entitled to any payment therefor (the “Unvested Share Reacquisition Right”).
Appears in 3 contracts
Samples: Restricted Stock Agreement (3com Corp), Restricted Stock Agreement (3com Corp), Restricted Stock Agreement (Hewlett Packard Co)
Unvested Share Reacquisition Right. In the event that the Participant’s Service Provider relationship with the Company is terminated for any reason, with or without cause, the Company shall automatically reacquire all shares of Restricted Stock Shares that are not then Vested Shares as of the termination date (the “Unvested Shares”) without any action on the part of Participant, who shall forfeit such shares immediately, and the Participant shall not be entitled to any payment therefor therefore (the “Unvested Share Reacquisition Right”).
Appears in 3 contracts
Samples: Stock Grant Agreement (3com Corp), Restricted Stock Agreement (3com Corp), Restricted Stock Agreement (3com Corp)
Unvested Share Reacquisition Right. In the event that the Participant’s Service Provider relationship with the Company is terminated for any reason, with or without cause, the Company shall automatically reacquire all shares of Restricted Stock Shares that are not then Vested Shares as of the termination date (the “Unvested Shares”) without any action on the part of Participant, who shall forfeit such shares immediately, and the Participant shall not be entitled to any payment therefor (the “Unvested Share Reacquisition Right”).
Appears in 2 contracts
Samples: Performance Accelerated Vesting Restricted Stock Agreement (3com Corp), Restricted Stock Agreement (3com Corp)
Unvested Share Reacquisition Right. In the event that the Participant’s Service Provider relationship with the Company is terminated for any reason, with or without causeCause, the Company shall automatically reacquire all shares of Restricted Stock that are not Vested Shares as of the termination date (the “Unvested Shares”) without any action on the part of Participant, who shall forfeit such shares immediately, and the Participant shall not be entitled to any payment therefor (the “Unvested Share Reacquisition Right”).
Appears in 2 contracts
Samples: Restricted Stock Agreement (Hewlett Packard Co), Restricted Stock Agreement (3com Corp)
Unvested Share Reacquisition Right. In the event that the Participant’s Service Provider relationship with the Company is terminated for any reason, with or without causeCause (as defined in the Plan), or in the event that the vesting metrics set forth in Exhibit A are not achieved, the Company shall automatically reacquire all shares of Restricted Stock Shares that are not then Vested Shares as of the termination date (the “Unvested Shares”) without any action on the part of Participant, who shall forfeit such shares immediately, and the Participant shall not be entitled to any payment therefor (the “Unvested Share Reacquisition Right”).
Appears in 1 contract
Unvested Share Reacquisition Right. In the event that the Participant’s Service Provider relationship with the Company is terminated for any reason, with or without causeCause (as defined in the Plan), or in the event that the Vesting metrics set forth in Exhibit A are not achieved, the Company shall automatically reacquire all shares of Restricted Stock Shares that are not then Vested Shares as of the termination date (the “Unvested Shares”) without any action on the part of Participant, who shall forfeit such shares immediately, and the Participant shall not be entitled to any payment therefor (the “Unvested Share Reacquisition Right”).
Appears in 1 contract
Unvested Share Reacquisition Right. In the event that the Participant’s Service Provider relationship with the Company is terminated for any reason, with or without cause, the Company shall automatically reacquire all shares of Restricted Stock Shares that are not then Vested Shares as of the termination date (the Restricted Stock Agreement Form “Unvested Shares”) without any action on the part of Participant, who shall forfeit such shares immediately, and the Participant shall not be entitled to any payment therefor therefore (the “Unvested Share Reacquisition Right”).
Appears in 1 contract
