Release of Shares From Repurchase Option. (a) 25% of the Shares shall be released from the Company’s repurchase option one year after the date of this Agreement, 25% of the Shares shall be released from the Company’s repurchase option two years after the date of this Agreement, 25% of the Shares shall be released from the Company’s repurchase option three years after the date of this Agreement, and the remaining 25% of the Shares shall be released from the repurchase option four years after such date, subject to Director continuing to be a Service Provider on such dates.
Release of Shares From Repurchase Option. (a) Shares of Restricted Stock shall be released from Company’s Repurchase Option according to the schedule set forth in Section 1 above; provided in each case that the Participant has not ceased to be an employee of the Company prior to the date of any such release, but in which case the Participant shall get vesting credit for the number of days in the final month that the Employee is either an employee or director of or a consultant to the Company.
Release of Shares From Repurchase Option. (a) As of the date of this Agreement, all of the Shares shall be subject to the Company's Repurchase Option. The Shares shall be released from the Repurchase Option as follows:
Release of Shares From Repurchase Option. (a)_____________________________ percent (______%) of the Shares shall be released from the Company's Repurchase Option [ONE YEAR] after the Date of Grant and __________________ percent (______%) of the Shares [AT THE END OF EACH MONTH THEREAFTER], provided that the Purchaser does not cease to be a Service Provider prior to the date of any such release.
Release of Shares From Repurchase Option. In the event the Repurchase Option is triggered pursuant to a Triggering Event and the Company (or its assigns) fails to exercise the Company’s option for the repurchase of any or all of the Shares then, upon the expiration of the 90-day option period, any and all such Shares not repurchased by the Company will be released from the Repurchase Option. Upon the release of the Repurchase Option, any Unvested Shares will immediately vest.
Release of Shares From Repurchase Option. (a) One-forty-eighth (1/48th) of the Shares shall be released from the Company's repurchase option each month after January 2, 1996; provided in each case that the Purchaser's status as an employee or consultant has not terminated prior to the date of any such release.
Release of Shares From Repurchase Option. (a) The Shares shall vest to Purchaser and be released from the Company's repurchase option as follows: Provided that Purchaser maintains a continuous status as a Service Provider of the Company, 25% of the Shares shall be released from the Company's Repurchase Option on the one year anniversary of the Vesting Commencement Date and an additional 1/48th of the Shares shall be released from the Company's Repurchase Option on the last day of each full calendar month thereafter. Notwithstanding the foregoing, upon any Change of Control (as herein defined) that number of Unreleased Shares, if any, which, when aggregated with any Shares previously released from the Repurchase Option, are required to equal fifty percent (50%) of the Shares shall be released from the Repurchase Option on the date the event constituting a Change of Control is consummated. The balance of the Shares subject to the Repurchase Option shall continue to be released from the Repurchase Option on the same schedule as existed prior to the Change of Control. For example, if a Change of Control occurs on a date where 25% of Purchaser's Shares have been released from the Company's Purchase Option, then an additional 25% of the Shares shall be released from the Purchase Option pursuant hereto. If a Change of Control occurs on a date where more than 50% of Purchaser's Shares have already been released from the Company's Purchase Option, then no additional Shares shall be released from the Purchase Option.
Release of Shares From Repurchase Option. (i) Subject to Section 2(b)(ii), 1/36th of the Stock shall be released from the Company's Repurchase Option on the one-month anniversary of this Agreement, and an additional 1/36th of the Stock shall be released on each monthly anniversary of such date thereafter until all shares of the Stock have been released; provided in each case that there has not been any voluntary or involuntary termination prior to each such date of release.
Release of Shares From Repurchase Option. (a) The Shares shall be released from the Company’s Repurchase Option pursuant to the following schedule: 100% of the Shares (the “Restricted Shares”) shall be subject to the Repurchase Option. 1/4th of the Restricted Shares shall be released from the Repurchase Option on the one (1) year anniversary of December 14, 2017 (the “Vesting Commencement Date”) and 1/48th of the Restricted Shares shall be released from the Repurchase Option on each monthly anniversary following the one (1) year anniversary of the Vesting Commencement Date such that all of the Restricted Shares shall be released from the Repurchase Option on the fourth (4th) year anniversary of the Vesting Commencement Date, subject to the Purchaser’s continuous employment or service to the Company on each such vesting date. Any of the Shares which, from time to time, have not yet been released from the Repurchase Option are referred to herein as “Unreleased Shares.” The number of Shares released each month from the Repurchase Option shall be rounded down to the next whole number of Shares, except in the last month of the fourth (4th) year period when all Unreleased Shares shall be released from the Repurchase Option.
Release of Shares From Repurchase Option. (a) One thirty-sixth (1/36) of the Shares shall be released from the Repurchase Option on the last day of each full calendar month following January 25, 2001 until all the Shares have been released from the Repurchase Option provided that, except as set forth in the immediately following sentence, in each case that the Founder's services as an employee of or consultant to the Company have not been terminated prior to the date of any such release. In the event that a Termination Event has occurred, all of the Unreleased Shares shall be immediately released from the Company's Repurchase Option.
