Common use of Restrictions on Transfer of Shares Clause in Contracts

Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock Option Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares.

Appears in 37 contracts

Sources: 2020 Stock Incentive Plan (Nikola Corp), Inducement Award Plan (SITIME Corp), 2020 Stock Incentive Plan (Nikola Corp)

Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal refusal, and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock Option Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares.

Appears in 14 contracts

Sources: 2020 Stock Incentive Plan (Vincerx Pharma, Inc.), 2024 Stock Incentive Plan (Silvaco Group, Inc.), 2024 Stock Incentive Plan (Silvaco Group, Inc.)

Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal refusal, and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock Option Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares.

Appears in 9 contracts

Sources: Business Combination Agreement (Pathfinder Acquisition Corp), 2021 Stock Incentive Plan (Lucid Group, Inc.), 2024 Omnibus Incentive Plan (I-Mab)

Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock Option Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of SharesShares generally.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (Broadcom Corp), Nonstatutory Stock Option Agreement (Broadcom Corp), Nonstatutory Stock Option Agreement (Broadcom Corp)

Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock Option Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares.

Appears in 1 contract

Sources: 2020 Stock Incentive Plan (Plus Therapeutics, Inc.)

Restrictions on Transfer of Shares. Any Ordinary Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal refusal, and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock Option Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of Ordinary Shares.

Appears in 1 contract

Sources: Award Agreement (Gorilla Technology Group Inc.)