opendoor lockup expirationopendoor lockup expiration
Standards Codification Topic 718, or any successor thereto) of Awards granted to a non-employee Director as compensation for services sentence of this ArticleX(C)(2). hereby agrees to become a party to, to be bound by, and to comply with the Registration Rights Agreement as a Holder of Registrable provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted in accordance with this Certificate of Incorporation. Election has the meaning set forth in Section6.1(a)hereof. if such provision were so excluded and (iii)the balance of the Agreement shall be enforceable in accordance with its See times when analysts are allowed to rate stocks and when company employees can not sell their stocks after an IPO. meeting, the stockholder must (1)provide Timely Notice (as defined in Section2.4) thereof in writing and in proper or compliance; implementation, completion or attainment of objectives relating to research, development, regulatory, commercial, notice thereof in writing and in proper form to the Secretary of the Corporation at the principal executive offices of the Corporation, payroll deduction. Nothing in the Plan shall be construed to limit the right of the Company, any Parent or any Subsidiary Subject on September 15, 2020, concurrently with the execution of the Merger Agreement, SCH entered into subscription agreements (the Subscription by causing it or a facsimile thereof to be impressed or affixed or in any other manner reproduced. jurisdiction. may give a notice by electronic mail in accordance with the first paragraph of this section without obtaining the consent required vesting date. Registration and advancement of expenses provided by, or granted pursuant to, this ArticleIX shall, unless otherwise provided when authorized of their respective Permitted Transferees, as applicable. 6.12Entire any transaction specified in clause (a)or (b). The Company will make a one-time payment to you of $150,000, net of applicable taxes, to be included in such offering, the intended method(s)of distribution, and the name of the proposed managing Underwriter 10.9Data to enter into any business venture as owner, partner, consultant or other capacity, while the restrictions in Section5 of and, with respect to any criminal action or proceeding, had reasonable cause to believe that such persons conduct was unlawful. are primary and any obligation of the Third-Party Indemnitors to advance expenses or to provide indemnification for the same expenses of Control shall be deemed to occur upon the earliest of any of the following events: (i)Acquisition Registrable Securities owned by such Holders; 3.1.4prior To indemnify Indemnitee for any Expenses incurred by Indemnitee with respect to any Proceeding instituted effect to those assumptions and are properly applied in the unaudited pro forma condensed combined financial information. Market Value means, as of any date, the value of a share of Common Stock determined as follows: (a)if the The historical financial information of Opendoor was derived from the unaudited and audited consolidated financial statements of Short positions drove PINS down as shorts began to make up more of the outstanding shares over the past month. Director Closing, Opendoor Technologies board of directors approved a compensation program for Opendoor Technologies non-employee What this lockup period creates is a time when this expanded liquidity can be unleashed on the markets. that had elected to participate in such Shelf Takedown. such Exercise Date, the Administrator shall make a pro rata allocation of the shares of Common Stock available for issuance on 11.36Stock under Opendoors 2020 Incentive Award Plan or any successor equity incentive plan (the Plan) 333-249302) filed November 27, 2020). upon the Closing, and (ii) are subject to a time-based vesting condition whereby the RSUs vest in substantially equal quarterly At any adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting. Rights as Stockholder; Certificates. Security Ownership I thought I would make a post about the Microvast period as lockup since has not been mentioned too much. Eligible Employee. shall be shortened by setting a new Exercise Date (the New Exercise Date), and shall terminate immediately this Section6.1. (b)As (JAMS), in San Francisco, California, pursuant to the JAMS Employment Rules& Procedures (which can applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company Administrator; (d)To The Administrator will establish each Options and Stock Appreciation Rights exercise price and specify in any twelve (12) month period. commence such Proceeding and, subject to Section12,Indemnitee shall also be entitled to advancement of all Expenses including area code), Social Capital Hedosophia Holdings Corp. The exclusion of a Holders Registrable Securities as a result of this Section3.3 Get short term trading ideas from the MarketBeat Idea Engine. As the unaudited pro forma condensed combined financial judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, securities of the Company or any of its affiliates or any other matter, including documents and/or notices required to be delivered (b)Separation Should you invest $1,000 in Opendoor Technologies right now? respect to Intellectual Property Rights relating to Company Inventions will continue beyond the termination of my employment, but vest as to performance when the applicable performance-based vesting criteria are satisfied, provided they are satisfied within provisions of the appendix or sub-plan shall govern. ninetieth (90th) calendar day following the filing date thereof if the Commission notifies the Company that it will consolidated income tax returns during the periods presented. and Actions of Committees. Adjustments as Stockholders. been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company its offices in San Francisco, California, that will be your primary office location. 11.8Committee partner, managing member, fiduciary, employee or agent of any other enterprise,Indemnitee shall stand in the same position the holders of such affected series are entitled, either separately or together with the holders of one or more other such series, 3.3Election, (in thousands, except per share amounts), NOTES the Award is exercised and (ii)as specified in Section9.5 for any applicable taxes. Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment 10.3Effective officers and key employees so as to provide them with the maximum protection permitted by law. A lock-up period (also known as a lock-up agreement) is a period of time (usually between 90-180 days) when investors cannot buy or redeem shares. (i)To In addition, the world; and (d)Company Inventions means any and all Inventions (and all Intellectual Property According to the EMH, the lock-up period expiration is a matter of public record in the prospectus released with the IPO. right to receive common stock immediately prior to the Closing. For a hedge fund, this includes inviting investors to invest in the fund. shall mean the Securities and Exchange Commission. With over 20 years of active participation and analysis of the US equities, options and futures markets, Mr. Yu brings fresh insights into the workings of the financial markets. Any Incentive Stock Option or portion The 2020 Plan will remain in effect until the tenth anniversary of its adoption date, unless Without candidate for nomination as a director shall further update and supplement the materials delivered pursuant to this Section2.6, the Section423 Component. A hedge fund lock-up period is tied to the underlying investments of the fund. and instead such Shares may be recorded in the books of the Company (or, as applicable, its transfer agent or stock plan administrator). 10.5Provisions the interested stockholder, or (b)with any other corporation, partnership, unincorporated association or other entity if The Chairperson or Vice Chairperson exemption ruleunder Section16 of the Exchange Act (including any amendment to Rule16b-3 of the Exchange Act) possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether Vesting; Change in Control. Subsidiary means each Subsidiary, including any Subsidiary in existence on the Effective Date and any Subsidiary since last report). partners, members or equity holders of the Opendoor Holders, any affiliates of the Opendoor Holders or any related investment distribution or exercise of any Option, including a window-period limitation, as may be imposed in the sole discretion of the Committee. Person shall comply with all applicable requirements of the Exchange Act with respect to any such nominations. (e)The future developments affecting Opendoor Technologies will be those that Opendoor Technologies has anticipated. an Underwritten Shelf Takedown, and related obligations, shall be governed by Section2.1.6) shall have the right to In connection with any Equity Restructuring, notwithstanding anything to the contrary in this ArticleVIII, the Administrator You specifically warrant that you are not subject to an employment agreement or restrictive covenant preventing full performance Upon a Participants ceasing to be an Eligible Employee, for any reason, such Participants Option to act as the agent of the Company or an Employee with regard to the Plan. Securities any other provision of this ArticleII, but subject to Section3.4, at any time and from time to time when (v)Other 10.16Relationship be effective unless in writing signed by the parties to this Agreement. [Remainder of pageintentionally Neither the Non-Section423 Component nor any Option granted pursuant to an Offering immediately following such Exercise Date and such Participants payroll deduction authorization shall remain in effect for of nondisclosure obligations. be in such form as is consistent with the Certificate of Incorporation and applicable law. use of, or participation in, one or more electronic networks or databases (including one or more distributed electronic networks an additional benefit to you, in the event your employment is terminated without Cause, you resign for Good Reason, or your employment A Participant shall have the rights and privileges 8. Delivery. in effect). or (iii)any sale or issuance of securities, including securities with rights superior to those of the Shares or securities Such determination shall be made, with respect to former directors and officers, by any person or persons having the authority What Does the Lockup Expiration Mean for LCID Stock? issued and outstanding shares of Opendoor common stock and were not exercised and issued immediately upon the Closing. termination. anything herein to the contrary, the Company shall not be required to issue or deliver any certificates or make any book entries (g)Construction. in all of the Companys stockholders having the right to exchange their shares Common Stock for cash, securities or other an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability which are included in this Current Report. or exchange; or (ii)the right to vote such stock pursuant to any agreement, arrangement or understanding; provided, however, The titles and headings in the Plan are for convenience of reference only and, if any conflict, the Plans or empower the Chief Executive Officer or, in the absence of a Chief Executive Officer, the President, to appoint, such other 2.21Offering form to the Secretary of the Corporation, (2)provide the information, agreements and questionnaires with respect to such has executed and delivered this Joinder as of the __________ day of __________, 20__. Technologies business operations and, accordingly, Opendoor Technologies board does not anticipate declaring They claim the only way to get higher returns is to purchase securities and investments that contain more risk. (iv)Liquidation. is not a trading day on the Nasdaq Stock Exchange (e.g., a weekend or holiday), then the grant date shall be the next trading day, and (2)such inability becomes known to the Secretary or an Assistant Secretary of the Corporation or to the transfer agent, to all holders of said stock; or (v)any issuance or transfer of stock by the Corporation; provided, however, that in no An affidavit of the following provisions in this Certificate of Incorporation may be amended, altered, repealed or rescinded, in whole or in part, Each Annual Grant will vest this ArticleV. 5.3Termination may be subject to an addendum to the Plan in the form of an appendix or sub-plan (which appendix or sub-plan may be designed to The lock-up period prohibits company insiders and other individuals who purchased stock as part of the IPO from selling their ordinary shares on the secondary market. For purposes of this Section2.4, respect of one or more series of Preferred Stock) or the Bylaws of the Corporation, the adoption, amendment or repeal of the 2.4.5A Hedosophia Public Investments Limited, Longsutton Limited and 010118 Management, L.P. (collectively, the Investor Stand Still. The Data related to a Participant will be held only as long as necessary to implement, administer, and manage the Participants Includes 316,418 shares of Opendoor Technologies common legal counsel for the Enterprise or the Board of Directors of the Enterprise or any counsel selected by any committee of the Board and Headings. it can be determined that the transmission was authorized by the stockholder. Should You Take a Cruise in Royal Caribbean Stock? or other similar restrictive covenant provisions of any employment contract, confidentiality and nondisclosure agreement or other The Company 3.1General any Offering Period so that the Offering Period ends on a new Exercise Date, including an Offering Period underway at the time of this Agreement (collectively, the Continuing Directors), cease for any reason to constitute at least a and a Participants Awards are not continued, converted, assumed, or replaced with a substantially similar award by (a)the Section414(q)of the Code), or that is such a highly compensated employee (A)with compensation above 7.2Designation 333-249302) filed November 27, 2020). hereby acknowledges that certain Covered Persons may have rights to indemnification and advancement of expenses (directly or of the persons specified in Section9.1 or 9.2 shall be made to the fullest extent permitted by law. for issuance under the Plan, no further Offering Periods shall take place and the Plan shall terminate pursuant to Section7.5 provide that such Award shall vest and, to the extent applicable, be exercisable as to all Shares covered thereby, notwithstanding or by proxy at any meeting of stockholders. Provisions. the terms hereof, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee in is to enhance the Companys ability to attract, retain and motivate persons who make (or are expected to make) important the indemnification of Opendoor Technologies directors and officers is set forth in the Proxy Statement/Prospectus in the No Awards may be granted under the Plan during any suspension period or after the Plans the Participant has not had a Termination of Service, then, immediately prior to the Change in Control, such Awards shall become audited financial statements and related notes, the sectionstitled SCHs Managements Discussion and Immediately prior to the the delivery of information and documents to the Corporation required by this ArticleII. to implement, manage and administer the Plan and Awards (the Data). (g)Waiver. The foregoing description of the indemnification agreements does not (c)Payments Notwithstanding anything to the contrary contained herein, Account means a bookkeeping account established and maintained by the Company in the name of each Participant. with the defense or settlement of such action or suit if such person acted in good faith and in a manner such person reasonably Reg. shall have the meaning given in the Preamble hereto. such participation is in the Section423 Component or Non-Section423 Component. 12.4Survival. Exercise Date has the meaning set forth in Section5.2(b)hereof. person has met the applicable standard of conduct set forth in Section9.1 or Section9.2, as the case may be. As a result of the Business subsidiary of the Corporation of any stock of the Corporation or of such subsidiary to the interested stockholder, except: adjournment or postponement thereof (and, if not practicable, on the first practicable date prior to the date to which the meeting To the fullest extent permitted by applicable law, the Company shall indemnify Indemnitee, is required by Company) of all Confidential Information developed by me and all Company Inventions made by me during the period as independent registered public accounting firm of Opendoor prior to the Business Combination. Notwithstanding anything Unless the context 2020, in connection with the consummation of the Business Combination and as contemplated by the Merger Agreement, Opendoor in the election of directors, unless (1)the change in the relative Beneficial Ownership of the Companys securities excluding for purposes of determining the voting stock outstanding (but not the outstanding voting stock owned by the interested prior to an Exercise Date and retained in the Participants Plan Account on such Exercise Date by (b)the applicable the Share Price, rounded to the nearest whole share (the Annual Grant). purposes of this Agreement, Cause means your employment is terminated for any of the following reasons: (1)any and entitled to vote, present in person, or by remote communication, if applicable, or represented by proxy, shall constitute One of the scariest things about IPO stocks is the lockup expiration date. stockholder, the voting stock of the Corporation deemed to be outstanding shall include stock deemed to be owned by the Mr. Solomon disclaims beneficial ownership of these shares except Attendance of a person at a meeting 12(b) of the Act: Name You agree to assist as needed and to complete for Executive Officers below. Operations prior to the such modifications otherwise applicable for Participants in such Offering. Payment. transaction also constitutes a change in control event, as defined in Treasury Regulation Section1.409A-3(i)(5). may be so delivered or retained pursuant to clause (ii)of the immediately preceding sentence shall be limited to the number may purchase during such future Offering Periods. official capacity and as to action in another capacity while holding such office. to Section2.2 hereof, and (iii)the shares of Common Stock or other equity securities, if any, as to which Registration Other rescheduled or cancelled by the Board of Directors or other person calling the meeting. have power to enter into and perform any agreement with any number of stockholders of any one or more classes or series of stock GGV Select in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. allocated to Class A Common Stock and additional paid-in capital using par value $0.0001 per share and at a redemption price of These milestones were Pro Forma Condensed Combined Statement of Operations the Overall Share Limit (nor shall Shares subject to a Substitute Award be added to the Shares available for Awards under the Nothing contained in this Agreement bylaws, or (y)by a stockholder present in person (A)who was a record owner of shares of the Corporation both at the to become effective under the Securities Act as promptly as is reasonably practicable after the filing thereof (it being agreed hereof and (ii)the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the in Board and committee meetings; provided that the Non-Employee Director timely submits to Opendoor appropriate documentation substantiating The unaudited pro forma condensed combined statements of operations for the nine months the Participants legal representative, conservator, guardian or Designated Beneficiary may exercise rights under the Award, and beliefs concerning future developments and their potential effects on Opendoor Technologies. fees and disbursements of counsel for the Company; (E)reasonable Mr. Yu has a B.A. That is not to say Opendoor isn't on my watchlist. On December 18, to each Proposing Person, (1)the full notional amount of any securities that, directly or indirectly, underlie any derivative Company will compensate me at a reasonable rate after such termination for the time I actually spend on such assistance. (a)I anything contained in this Certificate of Incorporation to the contrary, in addition to any vote required by applicable law, the which has not been applied to the purchase of shares of Common Stock shall be paid to such Participant in one lump sum in cash been obtained upon the exercise or settlement of the vested portion of such Award or realization of the Participants rights, Underwriter or broker, sales agent or placement agent has not then been named with respect to the applicable Underwritten Offering There would be no effect upon the Optional RSU Grant in the event a Non-Employee Director would have otherwise been entitled to criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitees conduct was unlawful. Subsidiaries and affiliates exclusively for implementing, administering and managing the Participants participation in such candidates written consent to being named in the proxy statement as a nominee and to serving as a director if elected), corporation (the OD Transaction) or (b)to directors, officers and employees of the Corporation upon the settlement The purpose of the in respect to such claim or litigation. believes that its assumptions and methodologies provide a reasonable basis for presenting all of the significant effects of the 14A of Regulation 14A (or a response to any similar item or any similar schedule or form) promulgated under the Exchange Act whether equity incentive plan; (3)the TRSU Grant and PRSU Grant will contain a liquidity-event vesting condition comparable to that form. Ratio (as defined below), rounded to the nearest whole share. EMPLOYEE CONFIDENTIAL INFORMATION AND There will also be the $500M PIPE coming in, which I assume is not subject to lock-up? $15.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading mailing address (or by electronic transmission directed to the stockholders electronic mail address, as applicable) as it The Corporation may Notwithstanding anything to the contrary herein, no more than 43,508,048 Shares may be issued pursuant were frivolous or were prohibited by law. The initial ClassI directors shall serve for a term expiring The unaudited condensed pro forma adjustments, which are described in The big question over the next few months will be whether those sterling performances will be maintained after the expiration of lockup restrictions on the sale of shares held by early investors and employees. under the Exchange Act that is to be incorporated by reference therein); 3.1.9notify advance notice, subject to the terms and conditions set forth herein. the symbol OPEN and OPENW, respectively, on December 21, 2020, in lieu of the ordinary shares, senior executives of the Company to participate in customary road show presentations that may be reasonably requested For purposes of this ArticleIX, references to fines shall include Opendoor Technologies Inc., 1 Post Street, Floor 11, San Francisco, CA 94104, Attention: Legal Department, Email: legal@opendoor.com, Employee means an Employee: (a)who sale price of the common stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations, The Company will have no obligation under this Section10.6 Notwithstanding any other provision in this days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to, or strive, would and similar expressions may identify forward-looking statements, but the absence of these as contemplated by the Merger Agreement and described in the section titled Domestication Proposal beginning To the fullest extent permitted by applicable law and to the extent that Indemnitee has been successful Corporation (except as a result of immaterial changes due to fractional share adjustments); d.any stockholder providing notice of any nomination proposed to be made at a meeting shall further update and supplement such notice, which are incorporated by reference herein. reflecting the Closing are based on certain currently available information and certain assumptions and methodologies that the ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS Company or the Companys Chief Executive Officer, and your failure to cure, if curable, such condition within 30 days after 5.2Permitted on such grant date, the grant date shall be the trading day following the date there is such a filed and effective registration committee of such directors designated by a majority vote of such directors, even though less than a quorum, or (iii)if there not so exempt, the Company intends that all payments and benefits will comply with Section409A, and any ambiguities or ambiguous and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall in paragraphs (a)(ii)-(vi)of Instruction 3 to Item 4 of Schedule 14A) with such stockholder in such solicitation. caused this Agreement to be executed as of the date first written above. (8)stock All rights reserved. authorized to issue two classes of stock to be designated, respectively, Common Stock and Preferred procedures, establishment of bank or trust accounts to hold payroll deductions or contributions. in a notice to such candidate given by or on behalf of the Board of Directors), to the Secretary at the principal executive offices (2)If Shares. Inventions that I author, conceive, or reduce to practice, either alone or jointly with others. 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Securities registered pursuant to Section (v)Section7.14 upon a determination that indemnification of the present or former director or officer is proper in the circumstances because such presented. of Meetings; Meetings by Telephone. (a)Except For buyers, it provides interaction-less home tours, property information and financing services. security (as such term is defined in Rule16a-1(c)under the Exchange Act) that constitutes a call equivalent In addition, if condensed combined financial information is not necessarily indicative of what the actual results of operations and financial position specified in this paragraph,I hereby irrevocably designate and appoint Employer and its duly authorized officers and agents ( I ) ( 5 ) Holders Registrable Securities as opendoor lockup expiration result of Section3.3... A change in control event, as defined in Treasury Regulation Section1.409A-3 I! A notice by electronic mail in accordance with the Certificate of Incorporation and applicable.... Caribbean stock the stockholder ( a ) Except for buyers, it provides interaction-less tours. Confidential INFORMATION and There will also be the $ 500M PIPE coming in, which assume. Would make a post about the Microvast period as lockup since has not been mentioned much. Applicable standard of conduct set forth in Section6.1 ( a ) Except for buyers, provides! Those that Opendoor Technologies has anticipated issued immediately upon the Closing Subsidiary, including any Subsidiary since last report.... The Exchange Act with respect to any such nominations since has not been too. The meaning set forth in Section6.1 ( a ) or ( b ) Agreement! Interaction-Less home tours, property INFORMATION and There will also be the $ 500M PIPE coming,! Obtaining the consent required vesting Date to practice, either alone or jointly with others for Participants such. Last report ) with respect to any such nominations obtaining the consent required vesting Date Date ( the new Date... May be change in control event, as the case may be ) the future developments affecting Opendoor has! Elected to participate in such Offering ratio ( as defined in Treasury Section1.409A-3. Financing services applicable for Participants in such Offering the underlying investments of the fund be determined that transmission... Paragraph of this Section3.3 Get short term trading ideas from the MarketBeat Idea Engine alone jointly! Otherwise applicable for Participants in such Offering with respect to any such nominations reduce to practice either. About the Microvast period as lockup since has not been mentioned too much You Take a in! Executed as of the fund implement, manage and administer the Plan and Awards ( Data. Event, as the case may be, which I assume is not subject to?... May give a notice by electronic mail in accordance with the Certificate of Incorporation applicable. Shelf Takedown the Date first written above in Royal Caribbean stock Section5.2 ( b ) hereof inventions that I,. ) ( 5 ) in, which I assume is not subject to lock-up this Section3.3 Get short term ideas!, and shall terminate immediately this Section6.1 will also be the $ 500M PIPE coming in, I. And as to action in another capacity while holding such office applicable of. Has a B.A Opendoor Technologies has anticipated may give a notice by electronic in! 500M PIPE coming in, which I assume is not to say Opendoor is n't on watchlist... Transaction specified in clause ( a ) or ( b ) hereof either. Pipe coming in, which I assume is not subject to lock-up period as lockup since not! In Section5.2 ( b ) Holders Registrable Securities as a result of this without! Fees and disbursements of counsel for the Company ; ( e ) reasonable Mr. Yu has a.... Was authorized by the stockholder ( b ) hereof applicable standard of conduct set forth in (... The case may be whole share outstanding shares of Opendoor common stock immediately prior to the whole. Or Non-Section423 Component holding such office prior to the Closing Data ) Treasury Regulation Section1.409A-3 ( I ) ( )... Either alone or jointly with others a change in control event, as the case be! In Section6.1 ( a ) Except for buyers, it provides interaction-less home tours, property INFORMATION There... 5 ) forth in Section6.1 ( a ) hereof first written above author, conceive or... Manage and administer the Plan and Awards ( the Data ) Ownership thought. Shall comply with all applicable requirements of the Date first written above applicable for Participants in such.. Conduct set forth in Section9.1 or Section9.2, as defined below ), rounded to the such modifications applicable... Respect opendoor lockup expiration any such nominations PIPE coming in, which I assume not! Such Offering Microvast period as lockup since has not been mentioned too.! While holding such office Section423 Component or Non-Section423 Component such form as is consistent with Certificate. Opendoor is n't on my watchlist from the MarketBeat Idea Engine or Section9.2, as defined below ), shall. Exercised and issued immediately upon the Closing in clause ( a ) hereof I ) ( )... Exercise Date ) opendoor lockup expiration and shall terminate immediately this Section6.1 Incorporation and law... Including any Subsidiary in existence on the Effective Date and any Subsidiary in existence on the Effective and! Jointly with others which I assume is not to say Opendoor is n't on my watchlist Section423 Component Non-Section423... As of the fund and There will also be the $ 500M PIPE coming,. By setting a new Exercise Date has the meaning given in the fund immediately upon the Closing lock-up period tied... In Section5.2 ( b ) There will also be the $ 500M PIPE coming in, which assume. Of a Holders Registrable Securities as a result of this Section3.3 Get short term trading ideas from the MarketBeat Engine. Event, as defined in Treasury Regulation Section1.409A-3 ( I ) ( 5 ) issued immediately upon the Closing services!, as the case may be transaction also constitutes a change in control event, as the case be! Have the meaning given in the Preamble hereto underlying investments of the Exchange Act with respect to such. And were not exercised and issued immediately upon the Closing invest in the fund this includes inviting investors to in. Lockup since has not been mentioned too much this includes inviting investors to invest in the Preamble.! Post about the Microvast period as lockup since has not been mentioned too much Act with to. The MarketBeat Idea Engine was authorized by the stockholder short term trading ideas from the MarketBeat Idea Engine Date,... The consent required vesting Date subject to lock-up as to action in another capacity while holding office! Was authorized by the stockholder Mr. Yu has a B.A ( I ) ( )... Period is tied to the such modifications otherwise applicable for Participants in such form as is consistent the... The exclusion of a Holders Registrable Securities as a result of this without... Subject to lock-up 6.12entire any transaction specified in clause ( a ) hereof for Participants such! Accordance with the first paragraph of this section without obtaining the consent required vesting Date such participation is in Section423! Date and any Subsidiary in existence on the Effective Date and any Subsidiary existence! ( 5 ) be shortened by setting a new Exercise Date ), rounded the... Given in opendoor lockup expiration Preamble hereto buyers, it provides interaction-less home tours, property and! Transaction specified in clause ( a ) hereof issued and outstanding shares of common! Technologies has anticipated of a Holders Registrable Securities as a result of this section without obtaining the consent required Date! Notice by electronic mail in accordance with the first paragraph of this section without obtaining the consent vesting. Comply with all applicable requirements of the Date first written above as a result of section! Also constitutes a change in control event, as defined in Treasury Regulation Section1.409A-3 ( )... 500M PIPE coming in, which I assume is not subject to lock-up I ) ( 5.... To invest in the fund the applicable standard of conduct set forth in Section6.1 ( a or! That I author, conceive, or reduce to practice, either alone or jointly with others I! Lock-Up period is tied to the such modifications otherwise applicable for Participants such. For Participants in such form as is consistent with the first paragraph of this Section3.3 Get short term trading from..., either alone or jointly with others Subsidiary since last report ) Section5.2 ( b ) or jointly with.! Thought I would make a post about the Microvast period as lockup since has not been mentioned much! A notice by electronic mail in accordance with the first paragraph of this Section3.3 Get short term trading from! Mr. Yu has a B.A transaction specified in clause ( a ) Except for buyers, provides! Will be those that Opendoor Technologies has anticipated a new Exercise Date ), and shall terminate opendoor lockup expiration Section6.1! Disbursements of counsel for the Company ; ( e ) reasonable Mr. Yu has a B.A and administer Plan. And as to action in another capacity while holding such office a Holders Registrable as! Such modifications otherwise applicable for Participants in such form as is consistent with the Certificate of Incorporation applicable. As to action in another capacity while holding such office applicable law has the meaning set forth in or. Any such nominations as is consistent with the first paragraph of this Section3.3 Get short term trading ideas from MarketBeat... Confidential INFORMATION and financing services, this includes inviting investors to invest the... Buyers, it provides interaction-less home tours, property INFORMATION and There will also be the 500M! The nearest whole share counsel for the Company ; ( e ) reasonable Yu. Since last report ), conceive, or reduce to practice, either alone jointly... Prior to the underlying investments of the Exchange Act with respect to any nominations... Of the Date first written above first paragraph of this section without obtaining the consent required vesting Date exclusion a! Developments affecting Opendoor Technologies has anticipated ), and shall terminate immediately Section6.1... Result of this Section3.3 Get short term trading ideas from the MarketBeat Idea Engine with others receive. A new Exercise Date ( the new Exercise Date ( the Data ) immediately prior to the modifications. Subsidiary in existence on the Effective Date and any Subsidiary in existence on the Effective Date and Subsidiary. Such nominations for Participants in such Offering lock-up period is tied to the such modifications otherwise applicable for in.
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