SURRENDER OF UNVESTED SHARES. Notwithstanding any provision contained in this Agreement to the contrary, CAC shall surrender and transfer the Unvested Shares to Macrovision if any of the following circumstances occurs ("Surrender Events"): 3.1 NOT VESTED BY DATE SPECIFIED. Such Shares, for any reason, continue to be Unvested Shares on December 31, 1998; or such Shares, for any reason, continue to be Unvested Shares on November 30, 1996, and a first underwritten registration of the offering of the Common Stock of Macrovision pursuant to the 1933 Act has not become effective on or before November 30, 1996.
Appears in 2 contracts
Sources: Restricted Stock Acquisition Agreement (Macrovision Corp), Recapitalization and Stock Purchase Agreement (Macrovision Corp)