Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Shares subject to this option in accordance with the vesting schedule set forth in the Notice of Stock Option Grant. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee immediately after the Change in Control or to its parent or subsidiary.
Appears in 4 contracts
Sources: Stock Option Agreement (Selectica Inc), Stock Option Agreement (Siebel Systems Inc), Stock Option Agreement (Cisco Systems Inc)
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Shares subject to this option in accordance with the vesting schedule set forth described in the Notice of Stock Option GrantNotice. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's ’s Service terminates and (ii) the Right of Repurchase is not assigned to the successor entity that employs retains the Optionee Optionee’s Service immediately after the Change in Control or to its such entity’s parent or subsidiary.
Appears in 2 contracts
Sources: Stock Option Agreement (Citadel Broadcasting Corp), Stock Option Agreement (Citadel Broadcasting Corp)
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Purchased Shares subject to this option in accordance with the vesting schedule set forth in the Notice Summary of Stock Option GrantPurchase. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the OptioneePurchaser's Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee Purchaser immediately after the Change in Control or to its parent or subsidiary.
Appears in 1 contract
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to shares on , provided the Shares subject to this option Participant remains in accordance Service with the vesting schedule set forth in the Notice of Stock Option GrantCompany until such date. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Service Participant’s employment terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee Participant immediately after the Change in Control or to its parent or subsidiary.
Appears in 1 contract
Sources: Restricted Stock Issuance Agreement (Daystar Technologies Inc)
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Purchased Shares subject to this option in accordance with the vesting schedule set forth in the Notice Summary of Stock Option GrantPurchase. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Purchaser’s Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee Purchaser immediately after the Change in Control or to its parent or subsidiary.
Appears in 1 contract
Sources: Employment Agreement (Trulite Inc)
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Restricted Shares subject to this option in accordance with the vesting schedule set forth in the Notice of Stock Option Grant. In additionHowever, in the event of a Change in Control prior to the Optionee’s termination of Service, the Right of Repurchase shall lapse and in full with respect to all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Service terminates and (ii) the Right of Repurchase is not assigned immediately prior to the entity that employs the Optionee immediately after consummation of the Change in Control or to its parent or subsidiaryControl.
Appears in 1 contract
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Purchased Shares subject to this option in accordance with the vesting schedule set forth in the Notice Summary of Stock Option GrantPurchase. In addition, the The Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee Purchaser immediately after the Change in Control or to its parent or subsidiary.
Appears in 1 contract
Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Shares subject to this option in accordance with the vesting schedule set forth in the Notice of Stock Option Grant. In addition, the The Right of Repurchase shall lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee's Service terminates and (ii) the Right of Repurchase is not assigned to the entity that employs the Optionee immediately after the Change in Control or to its parent or subsidiary.
Appears in 1 contract
Sources: Stock Option Agreement (Adforce Inc)