Common use of Unvested Share Repurchase Option Clause in Contracts

Unvested Share Repurchase Option. In the event the Purchaser's -------------------------------- employment with the Company is terminated for any reason (other than death or disability), with or without cause, or if the Purchaser or the Purchaser's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of any shares purchased pursuant to this Agreement which have not vested in the Purchaser pursuant to Section 2(a) (the "Unvested Shares"), the Company shall have the right to reacquire the Unvested Shares under the terms set forth in this Section 2 (the "Unvested Share Repurchase Option").

Appears in 2 contracts

Samples: Founder Stock Purchase Agreement (Power Integrations Inc), Founder Stock Purchase Agreement (Power Integrations Inc)

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Unvested Share Repurchase Option. In Upon the event termination of the Purchaser's -------------------------------- employment with ’s service to the Company is terminated for (including service to any reason (other than death parent or disability), 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 ’s legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of transfer any shares purchased pursuant to Unvested Shares (as defined below) other than as permitted in this Agreement which have not vested in the Purchaser pursuant to Section 2(a) (the "Unvested Shares")Agreement, the Company shall have the right option (the “Unvested Share Repurchase Option”) to reacquire repurchase fifty (50) shares of Stock to the extent they have not vested pursuant to subsections 2(a) (“Unvested Shares Shares”) under the terms set forth in this Section 2 (the "Unvested Share Repurchase Option")2.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (EdenLedger, Inc.)

Unvested Share Repurchase Option. In the event the Purchaser's -------------------------------- employment with the Company is terminated for any reason (other than death or disability)no reason, with or without cause, or if the Purchaser or the Purchaser's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of any shares purchased pursuant to this Purchase Agreement which have not vested in the Purchaser pursuant to Section 2(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 Section 2 (the "Unvested Share Repurchase Option").

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Goodnoise Corp)

Unvested Share Repurchase Option. In the event that the Purchaser's -------------------------------- employment ’s engagement with the Company as a member of the Company’s Board of Directors is terminated for any reason (other than death or disability), with or without cause, cause or if the Purchaser or the Purchaser's ’s legal representative attempts to sell, assign, pledge, encumber, exchange, transfer, pledge transfer or otherwise dispose of any shares of Stock purchased pursuant to this Agreement which have not vested in the Purchaser pursuant to Section 2(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 Section 2 (the "Unvested Share Repurchase Option").

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Vocera Communications, Inc.)

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Unvested Share Repurchase Option. In the event the Purchaser's -------------------------------- employment with the Company Corporation is terminated for any reason (other than death or disability), with or without causeterminated, or if the Purchaser or the Purchaser's legal representative attempts to sell, exchange, transfer, pledge or otherwise dispose of any shares purchased pursuant to this Purchase Agreement which have not vested in the Purchaser pursuant to Section 2(a) below (the "Unvested Shares"), the Company Corporation 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").

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Neopoint Inc)

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