Common use of Grant of Right of First Refusal Clause in Contracts

Grant of Right of First Refusal. Except as provided in Section 10.7, in the event the Participant, the Participant’s legal representative, or other holder of Units acquired upon settlement of the Award proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units (the “Transfer Units”) to any person or entity, including, without limitation, any securities holder of a Participating Company, the Company shall have the right to repurchase the Transfer Units under the terms and subject to the conditions set forth in this Section (the “Right of First Refusal”).

Appears in 2 contracts

Sources: Deferred Units Agreement (Wayfair Inc.), Deferred Units Agreement (Wayfair LLC)

Grant of Right of First Refusal. Except as provided in Section 10.710.7 and Section 15 below, in the event the Participant, the Participant’s legal representative, or other holder of Units shares acquired upon settlement exercise of the Award Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units Vested Shares (the “Transfer UnitsShares”) to any person or entity, including, without limitation, any securities holder stockholder of a Participating Company, the Company shall have the right to repurchase the Transfer Units Shares under the terms and subject to the conditions set forth in this Section 10 (the “Right of First Refusal”).

Appears in 2 contracts

Sources: Securities Purchase Agreement (Intelepeer Inc), Securities Purchase Agreement (Intelepeer Inc)

Grant of Right of First Refusal. Except as provided in Section 10.711.7 and Section 16 below, in the event the Participant, the Participant’s legal representative, or other holder of Units acquired upon settlement exercise of the Award Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units Vested Units (the “Transfer Units”) to any person or entity, including, without limitation, any securities holder of a Participating Company, the Company shall have the right to repurchase the Transfer Units under the terms and subject to the conditions set forth in this Section 11 (the “Right of First Refusal”).

Appears in 2 contracts

Sources: Securities Purchase Agreement (Magnachip Semiconductor LLC), Securities Purchase Agreement (Magnachip Semiconductor LLC)

Grant of Right of First Refusal. Except as provided in Section 10.712.7 and Section 17 below, in the event the Participant, the Participant’s legal representative, or other holder of Units shares acquired upon settlement exercise of the Award Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units Shares (the “Transfer UnitsShares”) to any person or entity, including, without limitation, any securities holder shareholder of a Participating Company, the Company shall have the right to repurchase the Transfer Units Shares under the terms and subject to the conditions set forth in this Section 12 (the “Right of First Refusal”).

Appears in 1 contract

Sources: Securities Purchase Agreement (Conatus Pharmaceuticals Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.77.7 and Section 15 below, in the event the Participant, the Participant’s legal representative, or other holder of Units acquired upon settlement of subject to the Award proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units Vested Units (the “Transfer Units”) to any person or entity, including, without limitation, any securities Unit holder of a Participating Company, the Company shall have the right to repurchase the Transfer Units under the terms and subject to the conditions set forth in this Section (the “Right of First Refusal”).

Appears in 1 contract

Sources: Securities Purchase Agreement (Magnachip Semiconductor LLC)

Grant of Right of First Refusal. Except as provided in Section 10.711.7 and Section 17 below, in the event the Participant, the Participant’s legal representative, or other holder of Units shares acquired upon settlement exercise of the Award Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units Vested Shares (the “Transfer UnitsShares”) to any person third party that is unrelated to the Company or entity, including, without limitation, any securities holder of a Participating Companythe Participant, the Company shall have the right to repurchase the Transfer Units Shares under the terms and subject to the conditions set forth in this Section 11 (the “Right of First Refusal”).

Appears in 1 contract

Sources: Stock Option Agreement (Gemphire Therapeutics Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.711.7 and Section 17, in the event the Participant, the Participant’s legal representative, or other holder of Units shares acquired upon settlement exercise of the Award Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units Vested Shares (the “Transfer UnitsShares”) to any person or entity, including, without limitation, any securities holder stockholder of a Participating Company, the Company shall will have the right to repurchase the Transfer Units Shares under the terms and subject to the conditions set forth in this Section 11 (the “Right of First Refusal”).

Appears in 1 contract

Sources: Securities Purchase Agreement (Alpha Teknova, Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.713.7 below, in the event the Participant, the Participant’s 's legal representative, or other holder of Units shares acquired upon settlement exercise of the Award Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units Vested Shares or any Unvested Shares (together, the "Transfer Units”Shares") to any person or entity, including, without limitation, any securities holder shareholder of a Participating the Company, the Company shall have the right to repurchase the Transfer Units Shares under the terms and subject to the conditions set forth in this Section 13 (the "Right of First Refusal").

Appears in 1 contract

Sources: Stock Option Agreement (PROS Holdings, Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.78.7 and Section 13 below, in the event the Participant, the Participant’s legal representative, or other holder of Units Shares acquired upon settlement exercise of the Award Purchase Right proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units Vested Shares (the “Transfer UnitsShares”) to any person or entity, including, without limitation, any securities holder shareholder of a Participating Company, the Company shall have the right to repurchase the Transfer Units Shares under the terms and subject to the conditions set forth in this Section 8 (the “Right of First Refusal”).

Appears in 1 contract

Sources: Securities Purchase Agreement (Rubicon Project, Inc.)

Grant of Right of First Refusal. Except as provided in Section 10.78.7 and Section 16 below, in the event the Participant, the Participant’s legal representative, or other holder of Units acquired upon settlement of subject to the Award proposes to sell, exchange, transfer, pledge, or otherwise dispose of any such units Vested Units (the “Transfer Units”) to any person or entity, including, without limitation, any securities Unit holder of a Participating Company, the Company shall have the right to repurchase the Transfer Units under the terms and subject to the conditions set forth in this Section (the “Right of First Refusal”).

Appears in 1 contract

Sources: Securities Purchase Agreement (Magnachip Semiconductor LLC)