Examples of Unvested Company Share in a sentence
At the Effective Time, each outstanding Unvested Company Share Award shall automatically and without any action on the part of the holder thereof, be cancelled for no consideration and cease to represent an option.
Each share of Company Capital Stock, including each Unvested Company Share held by a Company Stockholder that is issued and outstanding immediately prior to the Effective Time (other than Dissenting Shares and shares that are owned by the Company as treasury stock) shall be cancelled and automatically converted into the right to receive, subject to and in accordance with Section 1.4, an amount in cash, without interest, equal to the Per Share Cash Consideration.
The vesting or exercisability (or any other material terms) of any Company Option or Unvested Company Share, will not accelerate or otherwise change as a result of the execution and delivery of this Agreement or the consummation of the Merger or the transactions contemplated hereby or the occurrence of any subsequent event (such as the termination of employment of the option holder following consummation of the Merger).
No Company Option or Unvested Company Share shall have had its vesting accelerated as a result of the Merger or the transactions contemplated by this Agreement, except to the extent the documents evidencing such Company Option or Unvested Company Share provided for vesting acceleration prior to the Agreement Date.
The difference between the amount placed in the Unvested Company Share Escrow Account at the Closing in respect of such Unvested Company Shares and the repurchase price paid in respect thereof (the “Reversion Amount”) shall continue to be held in escrow for the benefit of the Participating Holders (including with respect to the Rollover Shares).
Schedule 3.4.1(b) to the Company Disclosure Letter lists for each person who holds Unvested Company Shares, the name of the holder of each such Unvested Company Share, the number of such Unvested Company Shares, the vesting schedule and the extent each such Unvested Company Share is vested as of the Agreement Date.
The consummation of the Contemplated Transactions, in whole or in part, shall not be deemed or interpreted to be a “change of control”, “change in control”, or term of similar import for purposes of the Company Plan, any award granted under the Company Plan, any agreement documenting any Unvested Company Share or any other Company Benefit Plan or any other individual agreement with an employee or service provider of the Company or any of its Affiliates.
The vesting or exercisability (or any other material terms) of any Company Option or Unvested Company Share, except as disclosed in Schedule 3.4.1(a) of the Company Disclosure Letter, will not accelerate or otherwise change as a result of the execution and delivery of this Agreement or the consummation of the Merger or the transactions contemplated hereby or the occurrence of any subsequent event (such as the termination of employment of the option holder following the consummation of the Merger).
In the event a holder of an Unvested Company Share terminates employment with Parent (or an Affiliate of Parent) prior to the second anniversary of the Effective Time, then the Per Share Amount which has not been paid with respect to such Unvested Company Share as of the date of such holder’s termination of employment shall be forfeited.
Schedule 3.4.1(a) to the Company Disclosure Letter lists for each person who holds Unvested Company Shares, the name of the holder of each such Unvested Company Share, the number of such Unvested Company Shares, the vesting schedule and the extent each such Unvested Company Share is vested as of the Agreement Date.