Rights to Shares of Class A Common Stock Following Exchange. Upon the Exchange, Executive will no longer have any rights as a holder of the Exercised Shares that are the subject of the Exchange (other than the right to receive the shares of Class B Common Stock in accordance with this Agreement). Such Exercised Shares will be deemed to have been redeemed by the Company in accordance with the applicable provisions hereof, whether or not the certificate(s) therefor have been delivered to Executive.
Appears in 2 contracts
Sources: Equity Exchange Right Agreement (Blend Labs, Inc.), Equity Exchange Right Agreement (Applovin Corp)