Examples of Unvested Securities in a sentence
For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the terms of this Section, the terms of this Section shall govern.
Upon termination of this Agreement by the Company due to Disability pursuant to Paragraph 6(b), (i) the Company shall pay the Executive the Compensation Payment; (ii) the Company shall pay the Executive the Reimbursement; and (iii) any Unvested Securities shall immediately be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants or other convertible securities).
For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph 7(b), the terms of this Paragraph 7(b) shall govern.
For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph 7(a), the terms of this Paragraph 7(a) shall govern.
For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph 7(f), the terms of this Paragraph 7(f) shall govern.
For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph 7(e), the terms of this Paragraph 7(e) shall govern.
Executive shall automatically have no further rights as an owner with respect to the Unvested Securities immediately upon such Repurchase Event.
Executive shall not sell, transfer, assign, pledge or otherwise dispose of (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) (a "Transfer") any interest in Unvested Securities, and shall not Transfer any other interest in Common Units except pursuant to (A) the repurchase provisions of Section 3 hereof (B) Section 3.8 of this Agreement or (C) the LLC Agreement.
Upon a Repurchase Event, the Repurchase Price for all Unvested Securities then owned by Executive shall be the greater of (a) $0.01 in the aggregate and (b) the aggregate Common Contribution made by the Executive with respect to such Unvested Securities (including the amount of principal and interest outstanding on the note, if any, issued by Executive in favor of the Company in connection with the Executive's Common Contribution).
Notwithstanding anything to the contrary contained in this Agreement or the LLC Agreement, the Executive may transfer any Vested Securities or Unvested Securities (or rights therein) to his estate upon his death or for estate planning purposes to his spouse, lineal descendants, or trusts for the benefit of such individuals of which Executive is the sole trustee, pursuant to arrangements approved by the Company.