Unvested Option Shares definition
Examples of Unvested Option Shares in a sentence
Unvested Option Shares will be deemed cancelled upon the effective date of termination.
Unvested Option Shares will be deemed cancelled upon the date of death.
The foregoing provisions of this Section 4(b) shall be implemented ratably across all Unvested Option Shares that are subject to the Option immediately prior to such Sale of the Company Transaction regardless of when the Option would have otherwise become exercisable for such Unvested Option Shares pursuant to Section 4(a) above.
The foregoing provisions of this Section 4(b) shall be implemented ratably across all Unvested Option Shares that are subject to the Option immediately prior automatic Acceleration pursuant to this Section 4(b) regardless of when the Option would have otherwise become exercisable for such Unvested Option Shares pursuant to Section 4(a) above.
Type of Option: Incentive Stock Option Grant Date: Number of Vested Option Shares as to which the option is exercised: Number of Unvested Option Shares as to which the option is exercised: (if a partial exercise, the option shall be deemed exercised with respect to the last to vest of the Shares) Exercise Price: Total Exercise Price: Cash o Check o Other Permitted Method: By this exercise, I agree (i) to provide such other documents as TELA Bio, Inc.
The Repurchase Notice shall indicate the number of Unvested Option Shares to be repurchased and the time and date for payment of the Repurchase Price (the “Closing”) on which the repurchase is to be effected, such date to be not more than thirty (30) days after the date of such notice.
The Participant recognizes and agrees that the Unvested Option Shares which are subject to the Early Exercise Repurchase Right may not be sold, transferred, assigned, hypothecated, pledged, encumbered or otherwise disposed of, whether voluntarily or by operation of law, other than to the Company (or its designee, as the case may be).
Any Unvested Option Shares that become Vested Option Shares and are subject to the Repurchase Right shall remain in escrow in accordance with the terms and conditions of this Agreement.
The Vested Option Shares and the Unvested Option Shares shall be issued as soon as practicable after the Option is exercised in accordance with this Agreement.
Unvested Option Shares shall be subject to the early exercise repurchase right set forth in Section 2 of this Agreement until such Unvested Option Shares become Vested Option Shares.