Unvested Share Repurchase Option Clause Samples

Unvested Share Repurchase Option. The Company shall have the option (the "Unvested Share Repurchase Option") to reacquire any shares purchased pursuant to this Agreement which have not vested in the Founder pursuant to subsection 2(a) (the "Unvested Shares") under the terms set forth in this Section 2.

Unvested Share Repurchase Option. The Founder hereby grants to (i) each other person that is in the Founders Group, as determined from time to time, and (ii) the Company, the irrevocable right and option (the “Unvested Share Repurchase Option”) to acquire any shares purchased by the Founder pursuant to this Agreement which have not vested in the Founder pursuant to Section 2(a) or Section 2(f) (the “Unvested Shares”) under the terms set forth in this Section 2.

Unvested Share Repurchase Option. In the event the Optionee's -------------------------------- employment with the Company is terminated for any reason, with or without cause, or if the Optionee or the Optionee's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of any shares acquired upon exercise of the Option which have not vested in the Optionee pursuant to paragraph 8(a) below (the "Unvested Shares"), the Company shall have the right to reacquire the Unvested Shares under the terms and subject to the conditions set forth in this paragraph 8 (the "Unvested Share Repurchase Option").

Unvested Share Repurchase Option. In the event of the termination of the License Agreement by the Corporation pursuant to Section 8.2 thereof, the Corporation shall have the right to reacquire the shares of the Stock which have not vested pursuant to the provisions of this Section 1 ("Unvested Shares") under the terms and subject to the conditions set forth in this Section 1 (the "Unvested Share Repurchase Option").

Unvested Share Repurchase Option. Upon the termination of the Founder’s service to the Company as an employee or consultant, for any reason, or no reason, with or without Cause, including Involuntary Termination, death or temporary or permanent disability, the Company shall have a right (but not an obligation) (the “Unvested Share Repurchase Option”) to repurchase any shares of Stock to the extent they have not vested pursuant to subsections 1(a) and (b) (“Unvested Shares”) under the terms set forth below.

Unvested Share Repurchase Option. Upon the termination of the Purchaser’s service to the Company (including service to any parent or subsidiary thereof) as an employee with or without cause, including termination due to Purchaser’s death or disability, or if the Purchaser or the Purchaser’s legal representative attempts to transfer any Unvested Shares (as defined below) other than as permitted in this Agreement, the Company shall have the option (the “Unvested Share Repurchase Option”) to repurchase fifty (50) shares of Stock to the extent they have not vested pursuant to subsections 2(a) (“Unvested Shares”) under the terms set forth in this Section 2.

Unvested Share Repurchase Option. In the event the Executive's employment with the Company is terminated for any reason or no reason, or if the Executive or the Executive's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of ("TRANSFER") any shares purchased pursuant to this Agreement other than to a Permitted Transferee (as defined below) which have not vested in the Executive pursuant to Sections 2(a)(d-g) below (the "UNVESTED SHARES"), the Company shall have the right to reacquire the Unvested Shares under the terms and subject to the conditions set forth in this Section 2 (the "UNVESTED SHARE REPURCHASE OPTION").

Unvested Share Repurchase Option. 5.1 In the event Optionee’s employment with the Company is terminated for any reason or no reason, with or without cause, or, if Optionee, Optionee’s legal representative, or other holder of shares acquired upon exercise of the options attempts to sell, exchange, transfer, pledge, or otherwise dispose of (other than pursuant to an event described in Section 7.2) any shares acquired upon exercise of the options which exceed the Vested Shares as defined in Section 4.1 or those shares which become Vested Shares prior to the expiration of any applicable period set forth in Sections 4.3, 4.4 or 4.5 (the “Unvested Shares”), the Company shall have the right to repurchase the Unvested Shares under the terms and subject to the conditions set forth in this Article 5 (the “Unvested Share Repurchase Option”). 5.2 The Company may exercise the Unvested Share Repurchase Option by written notice delivered personally or forwarded by first class mail to Optionee within sixty days after (1) termination of Optionee’s employment (or exercise of the options, if later) or (2) the Company has received notice of the attempted disposition of Unvested Shares. If the Company fails to give notice within such sixty-day period, the Unvested Share Repurchase Option shall terminate unless the Company and Optionee have extended the time for the exercise of the Unvested Share Repurchase Option. The Unvested Share Repurchase Option must be exercised, if at all, for all of the Unvested Shares, except as the Company and Optionee otherwise agree. 5.3 The purchase price per share being repurchased by the Company shall be an amount equal to Optionee’s original cost per share, as adjusted pursuant to Section 7.1 (the “Repurchase Price”). The Company shall pay the aggregate Repurchase Price to Optionee in cash within thirty days after the date of personal delivery or mailing of the written notice of the Company’s exercise of the Unvested Share Repurchase Option. For purposes of the foregoing, cancellation of any indebtedness of Optionee to the Company shall be treated as payment to Optionee in cash to the extent of the unpaid principal and any accrued interest canceled. The shares being repurchased shall be delivered to the Company by Optionee at the same time as the delivery of the Repurchase Price to Optionee. 5.4 The Company shall have the right to assign the Unvested Share Repurchase Option at any time, whether or not such option is then exercisable, to one or more persons as may be selected by...

Unvested Share Repurchase Option. The Purchaser hereby grants to the Company the irrevocable right and option (the “Unvested Share Repurchase Option”) to acquire any shares purchased by the Purchaser pursuant to this Agreement which have not vested in the Purchaser pursuant to Section 2(a) or Section 2(f) (the “Unvested Shares”) under the terms set forth in this Section 2.