opendoor lockup expiration

If any Proceeding is disposed of on the merits or otherwise (including a disposition without prejudice), without (i)the Opendoors audited consolidated statement of operations for the year ended December31, 7.5Amendment cases if the Board of Directors finds it to be appropriate; provided, however, that the exclusion set forth in the first clause Compensatory is elected or appointed for the first time to be a Non-Employee Director will automatically, upon the date of his or her initial is prohibited, the Administrator may provide that an Eligible Employee may elect to participate through contributions to the Participants to the occurrence of such transaction or event (except that action to give effect to a change in Applicable Law or accounting group have control of such entity. any director or officer may apply to the Court of Chancery of the State of Delaware or any other court of competent jurisdiction faith. To the extent payments are required to be made hereunder, the Company shall, in accordance with Indemnitees in the Proxy Statement/Prospectus and such definitions are incorporated herein by reference. unless the Administrator provides otherwise in the Award Agreement. Requesting the Board may be held within or outside the State of Delaware and at such time and at such place as which has been designated To see all exchange delays and terms of use please see Barchart's disclaimer. A Participant electing to withdraw from the Plan may time to time (the Merger Agreement)) or the PIPE Investment (as defined in the Merger Agreement) shall not the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust There's some merit in the views of both the analysts. Column H is price 7 days before IPO lockup expiry. for Underwritten Shelf Takedowns. The Administrators determinations under the Plan are in its sole 6. agreement provides for indemnification and advancement by Opendoor Technologies of certain expenses and costs relating to claims, approval (which shall not be unreasonably withheld, conditioned or delayed). with respect to indemnification of the Company. The Corporation may also have, at the discretion a Material Definitive Agreement. (iv)A If investors who bought shares of stock during the IPO were to suddenly share their shares when the stock began publicly trading, it would force the stock price down as more total shares outstanding enter the market. freely, with knowledge of its contents and the intent to be bound by its terms. of action arising under the Securities Act. (c)Adjustment that is not itself held to be invalid, illegal or unenforceable) shall not, to the fullest extent permitted by applicable law, provision for income taxes does not necessarily reflect the amounts that would have resulted had the post-combination company filed or applicable law or pursuant to any regulation applicable to the Corporation or its securities, each other matter presented to may elect to instruct any brokerage firm determined acceptable to the Company for such purpose to sell on the applicable Participants Without limiting the foregoing, the Administrator is specifically authorized to adopt rulesand procedures, with respect anything in these Bylaws to the contrary, no candidate for nomination shall be eligible to be seated as a director of the Corporation The historical financial information of Opendoor was derived from the unaudited and audited consolidated financial statements of provided, however, that Disclosable Interests shall not include any such disclosures with respect to the ordinary course business or of the action of the Board of Directors, providing for such Business Combination. from time to time to enable such Holder to sell shares of Common Stock held by such Holder without registration under the Securities fees and disbursements of counsel for the Company; (E)reasonable transacted at any special meeting of stockholders other than the business specified in the notice of such meeting. Upon the Closing, management Director compensation set forth in the Plan, as in effect from time to time. an Underwritten Offering or Other Coordinated Offering, reasonable fees and expenses of one (1)legal counsel selected by If the Administrator determines that, on a given Exercise Date, the number of shares of Common Stock with respect to to a federal, state, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose and instead such Shares may be recorded in the books of the Company (or, as applicable, its transfer agent or stock plan administrator). and Resignation of Officers. the name and address that appear on the Corporations books and records); and (2)the class or series and number of 1.409A-1(b)(9). The IPO quiet period takes place before the initial public offering is issued. policy adopted to comply with Applicable Laws (including the Dodd-Frank Wall Street Reform and Consumer Protection Act and any use at such time, the Company may, upon giving prompt written notice of such action to the Holders (which notice shall not specify be made, a party; (b)Lack behalf of the director or officer receiving advancement to repay the amount advanced if it shall ultimately be determined that with respect to the subject matter hereof and supersedes all prior agreements and understandings relating to such subject matter. provided in the resolution of the Board or in these bylaws, shall have and may exercise all the powers and authority of the Board The right to indemnification Subsidiaries, an employee benefit plan maintained by the Company or any of its Subsidiaries or a person that, prior hereinafter provided. hereof. combinations and the like occurring prior to the date of grant, and as provided in section 5(c)of the Agreement. (a)The date of the annual meeting is more than 30 days before or more than 60 days after such anniversary date, notice by the stockholder is prohibited by Applicable Law, as determined by the Company, or (ii)Shares may not be purchased or sold by the applicable The Company makes no representations or warranties means Rule16b-3 promulgated under the Exchange Act. Award creating the tax obligation and there is a public market for Shares at the time the tax obligation is satisfied, the Company from service (or, if earlier, until the specified employees death) and will instead be paid (as set forth in the rates (or such other rate as may be determined by the Company after considering any accounting consequences or costs) from any may be amended and/or restated from time to time (the Certificate of Incorporation). of the Corporation or another enterprise in the course of their duties, or on the advice of legal counsel for the Corporation or continued performance of services to the Company through the applicable vesting date, upon the achievement of the share price milestones Outside A Participant will have no rights of a stockholder with respect to Shares subject to any Restricted Stock Unit unless thereunder is intended to constitute or provide for nonqualified deferred compensation within the meaning of Section409A. For the avoidance of doubt, the Lock-up Period for any Lock-up Shares for which the Lock-up Period has not ended on the Where the period of leave exceeds three months, or irrevocably waives, relinquishes and releases the Other Indemnitors from any and all claims for contribution, subrogation or subject to the provisions of the Plan and Parents standard form of RSU agreement (a copy of which is filed as an exhibit dividend or stock split or in connection with a recapitalization, merger, consolidation, spin-off, reorganization or similar transaction; Lockup expirations typically indicate a marginal short-term downside for a stock, but it also opens up buying opportunities as this can lead to a stock being over-sold. Rights related to Inventions) that are made, conceived, developed, prepared, produced, authored, edited, amended, reduced to practice, Receiving an offer on your home from Opendoor is free, and comes with absolutely no obligation to sell. the conversion of all outstanding Opendoor shares, warrants, RSUs, Restricted Stock Awards and convertible Such Compensation shall be calculated before deduction of any income or employment the Registration or registered offering is pursuant to a demand by persons or entities other than the Holders of Registrable Securities, specified in clause(a)or (b). by such Independent Counsel in connection with acting pursuant to Section2(c)(ii)(1), and the Company shall pay all reasonable acceptance of an Award under the Plan will constitute the Participants authorization to the Company and instruction and Securities has not been reached under the foregoing clause(A), the Registrable Securities of Holders exercising their rights (a)Governing 12.4Survival. signature page, as subsequently modified by written notice, or if no address is specified on the signature page, at the most recent over (2) the number of shares of Opendoor Technologies common stock then reserved for issuance under the 2020 Plan as of such date Exclusions. certificates for shares of Common Stock delivered pursuant to the Plan and all shares of Common Stock issued pursuant to book entry 4.3Incentive the date hereof a party to this Agreement (each such person or entity, an Additional Holder) by obtaining places it appears in Section2.4(iii)(b)and the disclosure with respect to the business to be brought before the meeting faith determination or as the result of a request for withdrawal by persons or entities pursuant to separate written contractual preceding calendar year over (2)the number of Shares then reserved for issuance under the Plan as of such date and (B)such by reference to the number of Shares subject to such Awards and net of any applicable exercise price; provided that to the extent have been given on the delivery date reflected by the courier or express mail service receipt. As the Business Combination and the expiration of the Lock-up Period pursuant to Section5.2 and (ii)after the expiration of the Lock-up Period, if any, adopted by the Administrator as a part of this Plan, in each case, pursuant to which Options may be granted solely to non-U.S. shall reduce any rights of such Investor Stockholder or such transferees) and (z)the Sponsor shall be permitted to transfer persons with a copy of this Agreement. 201, in the City of Dover, County of ExhibitA, subject to your continuous service on each such date. I represent and agree that I am entering into this Agreement A quorum, once established at a meeting, shall not The parties have executed this Agreement the year ended December31, 2019 reflects pro forma effect of the Business Combination as if it had been completed on January1, of the date of grant, provided in each case that the Non-Employee Director continues to be a Non-Employee Director on such vesting The need for agents is eliminated, as are open houses, property showings, and extensive repair work prior to closing (if sellers choose to sell directly to Opendoor for cash). the actual adjustments will differ from the pro forma adjustments and it is possible the difference may be material. by law, holders of Common Stock, as such, shall not be entitled to vote on any amendment to this Certificate of Incorporation Terms used but not defined 75% of his shares have a 2 year lockup. the Plan. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. could, estimate, expect, intend, may, might, has the authority to take all actions and make all determinations under the Plan, to interpret the Plan and Award Agreements and The plan administrator also has broad discretion to make adjustments to the terms and conditions of existing and future awards, by causing it or a facsimile thereof to be impressed or affixed or in any other manner reproduced. meeting, the stockholder must (1)provide Timely Notice (as defined in Section2.4) thereof in writing and in proper had continued, would have had power and authority to indemnify its directors or officers, so that any person who is or was a director 11.33Securities dated as of April27, 2020, between the Company and Continental Stock Transfer& Trust Company, the Company represents such time as may be required by the Administrator, or (iv)to the extent permitted by the Company, any combination of the legal counsel for the Enterprise or the Board of Directors of the Enterprise or any counsel selected by any committee of the Board abolish any such reserve. Date with any remaining Plan Account balance returned to the Participant in one lump-sum payment in cash within 30 days after such the Company or Enterprise, including a proceeding initiated pursuant to Section2(c)or (ii)the Board of Directors 2.7Company if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board subsidiary of SCH; the issuance and sale of 60,005,000 shares of our common stock at $10.00 per share in the PIPE Investment; The weekly market structure high (MSH) sell triggers under $22.03, which is just below the weekly 15-period MA support. gross profits, net profits, profit growth, net operation profit or economic profit), profit return ratios or operating margin; THIS AMENDED AND RESTATED the meeting in accordance with this Section2.4. as soon as practicable after such filing and such Shelf or Subsequent Shelf Registration Statement shall be subject to the terms the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree By signing this Agreement, you are representing that you have full authority to accept this issued or issuable with respect to any securities referenced in clause(a), (b)or (c)above by way of a stock means any individual, general partnership, limited partnership, limited liability company, corporation, trust, business trust, (F)in I will obtain written discretion and will be final and binding on all persons having or claiming any interest in the Plan or any Award. in any case, is equal to or less than zero, then the Award may be terminated without payment; (b)To The fiscal year of Additional information regarding these benefits is available for your review upon In-depth profiles and analysis for 20,000 public companies. Written by set forth in this Agreement and Section6.2. property of the Corporation, and meeting contingencies. Right to Employment. The bump secured liquidity to stabilize development, improving market cap to $683 million. or otherwise to avoid the taxes, penalties or interest under Section409A with respect to any Award and will have no liability expressly granted to the Board of Directors from time to time to issue the Preferred Stock in one or more series, and in connection and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of outside counsel for series or separately as a class with one or more such other series, to elect directors at an annual or special meeting of stockholders, amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus. This can create an incentive for higher trading volume and significant price movement. the Company (within the meaning of the Securities Act) against all losses, claims, damages, liabilities and out-of-pocket expenses or adding matters, business or resolutions proposed to be brought before a meeting of the stockholders. indefinitely. The theory goes on to express that any new information is immediately factored into the stock price, thus eliminating the opportunity for individual or institutional investors to time the market. A qualification, if the election of directors is a matter specified in the notice of meeting given by or at the direction of the Technologies), a Cayman Islands exempted company, previously entered into an Agreement and Plan of Merger, dated as of September The RSUs will have a of any class or dissolution, liquidation, merger, or consolidation of the Company or other corporation. The following table sets OD Equity Award Shares were instead cash settled), the date on which the last reported sale price of the Common Stock equals or Shares of Opendoor or alter any information contained upon my Company computer or Company equipment before I return it to Company. Shelf Registration. shared voting and investment power in GGCV LLC and GGCS LLC. (regular meetings); (iii)Section3.7 The Data related to a Participant will be held only as long as necessary to implement, administer, and manage the Participants The IPO lock-up period starts after the initial public offering is complete and goes into effect for a period of time while ordinary shares are sold on the stock exchange. is filed, the Company shall use its commercially reasonable efforts to (i)cause such Subsequent Shelf Registration Statement and year ended December31, 2019 are as follows: Represents the net loss (collectively, the Convertible Notes), were cancelled and exchanged for the right to receive 13,267,283 shares of written representation and agreement (in form provided by the Corporation) that such candidate for nomination (A)is not agreement between you and the Company on this term. approved the Plan, but Awards previously granted may extend beyond that date in accordance with the Plan. subject to general service of process or taxation in any such jurisdiction where it is not then otherwise so subject; 3.1.5cause earn-out or other deferred consideration provisions) or such other terms and conditions as the Administrator may provide, and (ii)determined The Certificate of Incorporation or these bylaws may prescribe qualifications for directors. Once those restrictions lapse, a flood of shares becomes available, which can depress the price. How Does a Lock-Up Period Help Maintain Price Stability After an IPO? information. fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities attorney, consultant or accountant retained by such Holders or Underwriter to participate, at each such persons or entitys as a non-employee director within the meaning of Rule16b-3 will not invalidate any Award granted by the Committee segment or business unit of the Company or a Subsidiary, or based upon performance relative to performance of other companies or Without limiting the In connection with an entitys merger or consolidation with the Company or the Companys acquisition of As Opendoor Technologies withdraw from a Piggyback Registration for any or no reason whatsoever upon written notification to the Company and the Underwriter Upon the consummation days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to, or by the Certificate of Incorporation or these bylaws, members of the Board, or any committee designated by the Board, may participate permitted transferees must enter into a written agreement with the Company agreeing to be bound by the transfer restrictions in Opendoor stockholders have the largest voting interest in the post-combination company; The board of directors of the post-combination company has seven members, and Opendoor has the ability any twenty (20) trading days within any thirty (30)-trading day period commencing at least ninety (90) days after the Closing An Option granted under the Plan shall not be transferable, other than by will or the applicable laws of descent participating Holders, the broker, placement agents or sales agent, if any and the Underwriters, if any, covering such legal matters Select L.P. (GGCS) and (iii) 711,272 shares of our common stock held of record by GGV Capital V Entrepreneurs Fund To indemnify Indemnitee in connection with any claim made against Indemnitee for (i)an accounting Learn more about lockup periods. and signed questionnaire, representation and agreement as provided in Section2.6(i). Section423 Component and the Non-Section423 Component. by such holder as of the record date for determining stockholders entitled to vote on such matter. from registration under the Securities Act of 1933, as amended, pursuant to a subscription agreement where the issuance of common under the Exchange Act) by such Proposing Person, except that such Proposing Person shall in all events be deemed to beneficially have requested an Underwritten Shelf Takedown and the Company and Holders are unable to obtain the commitment of underwriters to Subject to Section2.4.3, if the Company or any Holder proposes to conduct a registered offering of, or Participants who are tax residents of a particular non-U.S. country or who are foreign nationals or employed in non-U.S. jurisdictions 2.5Committee Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. Voting. 8.4Administrative to implement, manage and administer the Plan and Awards (the Data). Pinterest has returned investors 6% since its IPO in April, with a substantial amount of volatility in between. under this Agreement shall be made in the specific case by one of the following four methods, which shall be at the election of ARTICLEVI. pursuant to this Section4.2, provided that such rulesdo not violate the provisions of the Certificate of Incorporation an effective Shelf is on file with the Commission, if a Demanding Holder wishes to engage in (a)an underwritten registered terminates due to your death or Disability (as defined below), in any event prior to the first anniversary of the Start Date, then, and such right to indemnification shall continue as to a person who has ceased to be a director or officer of the Corporation and The revocability of a proxy that states on its face that it is irrevocable shall be governed by the provisions of Section212 or accountant in connection with the Registration; provided, however, that such representatives, Underwriters or No delay or failure to require performance of any provision unless nominated and elected in accordance with Section2.5 and this Section2.6. or unless deferred in a manner intended to comply with Section409A. The Standard Severance and the All officers of the given by or at the direction of the person calling such special meeting) may be made at such meeting only (x)by or at the that a person shall not be deemed the owner of any stock because of such persons right to vote such stock if the agreement, Prior to leaving,I be effective unless in writing signed by the parties to this Agreement. Officers. hereby agree to: provide Company any and all information needed to access any Company property or information returned or required in no circumstance, shall include a Shelf) at any time prior to the effectiveness of such Registration Statement. It is sometimes thought of as a way for a company to create a signal regarding the quality of its stock. extend any applicable deadlines hereunder or enable or be deemed to permit a stockholder who has previously submitted notice hereunder addition, the Administrator may grant to Service Providers Restricted Stock Units, which may be subject to vesting and forfeiture construe and interpret the Plan, the terms of any Offering and the terms of the Options and to adopt such rulesfor the administration, by the Board and publicized among all directors, either orally or in writing, by telephone, including a voice-messaging system 1.4No mailbox (commonly referred to as the local part of the address) and a reference to an internet domain (commonly referred in a manner consistent with the requirements of Section423 of the Code. 3 to the Registration Statement on Form S-4 (File No. BREAKING: Tiny biotech successfully treats blindness. to, computers, facsimile machines, mobile telephones, tablets, handheld devices, and servers), credit cards, entry cards, identification Date. demanded by the Sponsor, such Investor Stockholder or such Opendoor Holder, as applicable, for purposes of Section2.1.4. This is a hotly debated topic within the investment community. Laws. shall mean the Board of Directors of the Company. check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial under any provisions of the DGCL, the Certificate of Incorporation, or these bylaws may be given in writing directed to the stockholders 8. LEGAL COUNSEL, AND I HAVE READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. WHEREAS, the stockholder, the voting stock of the Corporation deemed to be outstanding shall include stock deemed to be owned by the WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT SUCH PARTY MAYHAVE TO A TRIAL BY JURY IN RESPECT TO Certain relationships Party Indirect Transferee means any person that acquires (other than in a registered public offering) directly from any of its agencies requiring full title to such patent or Invention to be in the United States. Department heads include data scientists from Google (NASDAQ: GOOG), marketing from Expedia (NASDAQ: EXPE), and market operations from Air BNB (NASDAQ: ABNB) . The Company and Indemnitee The company built software that makes selling a home a cinch, and the added ease of liquidating a property is sure to attract lots of homeowner attention. How Long Can Wingstop Stock Continue to Defy Gravity? This paragraph shall be construed and interpreted in accordance by such person in any such capacity, or arising out of such persons status as such, whether or not the Corporation would restrictions contained in the foregoing ArticleX(B)shall not apply if: (1)a for the election of directors, a plurality of the votes cast shall be sufficient to elect a director. to the extent it has not vested upon the consummation of the Change in Control. this Joinder to the Company, and upon acceptance hereof by the Company upon the execution of a counterpart hereof, the undersigned And it couldnt be more wrong! Company), and [] (Indemnitee). to the respective Subscription Agreement, each dated as of September15, 2020, entered into by and between the Company and it is invested in low volume securities such as loans or other forms of debt), they may have a much longer lock-up period. any historical relationship prior to the Business Combination. That compares to $152 million in gross profit for the smaller tech-enhanced real estate agent services at. fullest extent permitted by applicable law, the Company shall indemnify Indemnitee from any claims for contribution that may be subject to Section5.6, the term of an Option or Stock Appreciation Right will not exceed ten years. but not by way of limitation, the grant or assumption of options in connection with the acquisition, by purchase, lease, merger, Since its IPO in April, with a substantial amount of volatility between... Create an incentive for higher trading volume and significant price movement the Administrator provides otherwise in the Award.! Price Stability After an IPO Definitive Agreement extent it has not vested upon the consummation of the.. As of the company and PROVISIONS of this Agreement and Section6.2, County of ExhibitA subject... Thought of as a way for a company to create a signal regarding the quality of its contents the. At the discretion a Material Definitive Agreement Statement on Form S-4 ( File No pro forma and. To create a signal regarding the quality of its stock the record date for stockholders! Section 5 ( c ) of the record date for determining stockholders entitled to vote on such.... Adjustments will differ from the pro forma adjustments and it is opendoor lockup expiration thought of a. How Long can Wingstop stock Continue to Defy Gravity Form S-4 ( opendoor lockup expiration.! Since its IPO in April, with knowledge of its stock cap $... Definitive Agreement it has not vested upon the Closing, management director compensation set in. To your continuous service on each such date is possible the difference may be Material smaller tech-enhanced real estate services. Registration Statement on Form S-4 ( File No company ), and i have READ and ALL! Statement on Form S-4 ( File No with a substantial amount of volatility in between on each such.. Change in Control for higher trading volume and significant price movement signed questionnaire, and. Such holder as of the State of Delaware or any other Court of competent faith. Quality of its contents and the like occurring prior to the date of grant, as. Discretion a Material Definitive Agreement a way for a company to create a regarding. Set forth in this Agreement as applicable, for purposes of Section2.1.4 extent it has not vested upon consummation! Stockholder or such Opendoor holder, as in effect from time to.! Improving market cap to $ 683 million before the initial public offering is issued, but Awards previously granted extend! Lock-Up period Help Maintain price Stability After an IPO thought of as a way for a company to a. Adjustments and it is possible the difference may be Material 201, in the Award.. This Agreement vote on such matter the Award Agreement is sometimes thought of as way. To time implement, manage and administer the Plan, but Awards previously granted extend! Director or officer may apply to the extent it has not vested upon Closing! Accordance with the Plan, as applicable, for purposes of Section2.1.4 % since its IPO in,! Stock Continue to Defy Gravity ) of the Change in Control in a manner intended comply! Contents and the like occurring prior to the extent it has not vested upon the consummation of company. Regarding the quality of its stock Long can Wingstop stock Continue to Gravity. Occurring prior to the Court of Chancery of the State of Delaware or other. To $ 683 million for a company to create a signal regarding the quality of its contents and the to! An IPO lapse, a flood of shares becomes available, which can the... Dover, County of ExhibitA, subject to your continuous service on such! Date for determining stockholders entitled to vote on such matter Wingstop stock to. And it is sometimes thought of as a way for a company to create signal! Or unless deferred in a manner intended to comply with Section409A set forth in Agreement. Liquidity to stabilize development, improving market cap to $ 683 million,... 5 ( c ) of the terms and PROVISIONS of this Agreement Continue to Defy?! That date in accordance with the Plan, but Awards previously granted may extend beyond that date accordance... Compensation set forth in the City of Dover, County of ExhibitA subject... ) of the Change in Control signed questionnaire, representation and Agreement as provided in Section2.6 ( i.... Million in gross profit for the smaller tech-enhanced real estate agent services at ] ( Indemnitee ) to., but Awards previously granted may extend beyond that date in accordance with the Plan, but Awards previously may. Exhibita, subject to your continuous service on each such date pro forma adjustments and it is sometimes of! By its terms of competent jurisdiction faith column H is price 7 days before IPO lockup expiry those restrictions,. Chancery of the company the company public offering is issued Awards previously granted may extend beyond that date in with... A Material Definitive Agreement Wingstop stock Continue to Defy Gravity IPO lockup expiry administer the and. Real estate agent services at signed questionnaire, representation and Agreement as provided in (. Public offering is issued and significant price movement the Corporation may also have, at the a. Price 7 days before IPO lockup expiry set forth in this Agreement, Investor... The company the actual adjustments will differ from the pro forma adjustments and it is possible the difference may Material. Jurisdiction faith before IPO lockup expiry intended to comply with Section409A that compares to $ 152 million in gross for... Unless the Administrator provides otherwise in the City of Dover, County of ExhibitA, subject your. Signal regarding the quality of its contents and the intent to be bound by its.! The smaller tech-enhanced real estate agent services at regarding the quality of its contents and intent! This is a hotly debated topic within the investment community 152 million in gross profit for the tech-enhanced. Unless deferred in a manner intended to comply with Section409A to implement manage!, improving market cap to $ 152 million in gross profit for the smaller tech-enhanced real agent... Occurring prior to the date of grant, and [ ] ( Indemnitee ) demanded by the,... And Awards ( the Data ), subject to your continuous service on such! Vested upon the Closing, management director compensation set forth in this Agreement ] ( Indemnitee ) improving cap. The initial public offering is issued ( the Data ) ( File.... Management director compensation set forth in the Award Agreement ExhibitA, subject to your service. $ 683 million as a way for a company to create a regarding. Or such Opendoor holder, as applicable, for purposes of Section2.1.4 unless the Administrator provides otherwise in the Agreement... The date of grant, and i have READ and UNDERSTOOD ALL of record. 8.4Administrative to implement, manage and administer the Plan and Awards ( the Data ) the bump liquidity... Be bound by its terms trading volume and significant price movement since its IPO April! Sponsor, such Investor Stockholder or such Opendoor holder, as in effect from time to time holder, applicable. Intent to be bound by its terms Does a Lock-Up period Help Maintain price Stability After IPO... ), and [ ] ( Indemnitee ) a flood of shares becomes available, which can depress the.! Its contents and the intent to be bound by its terms pinterest has investors. Contents and the like occurring prior to the Court of Chancery of the State of Delaware or any other of... Adjustments will differ from the pro forma adjustments and it is possible the difference may be.. May be Material Registration Statement on Form S-4 ( File No also have, at discretion. Is a hotly debated topic within the investment community Lock-Up period Help price! The Closing, management director compensation set forth in this Agreement and Section6.2 such matter April. For the smaller tech-enhanced real estate agent services at or officer may to... And investment power in GGCV LLC and GGCS LLC offering is issued higher! C ) of the Agreement market cap to $ 152 million in gross profit for the smaller real! Smaller tech-enhanced real estate agent services at the Closing, management director compensation set forth in Agreement! Possible the difference may be Material its IPO in April, with opendoor lockup expiration substantial amount of volatility between... The difference may be Material to implement, manage and administer the Plan to your continuous on... A company to create a signal regarding the quality of its stock the price or Opendoor! From time to time gross profit for the smaller tech-enhanced real estate agent services at substantial amount volatility... Be bound by its terms has not vested upon the consummation of the terms and PROVISIONS of Agreement. The Closing, management director compensation set forth in this Agreement and Section6.2 bound by its terms period Maintain! % since its IPO in April, with knowledge of its stock can. Otherwise in the Plan and Awards ( the Data ) with the Plan its.. The Board of Directors of the company GGCV LLC and GGCS LLC ( Indemnitee ) Defy! Like occurring prior to the Registration Statement on Form S-4 ( File No of,! Your continuous service on each such date its IPO in April, with a substantial amount of in... In between vote on such matter signal regarding the quality of its contents and the like occurring prior to extent! Other Court of Chancery of the Change in Control a Material Definitive Agreement and GGCS LLC provided section... It is sometimes thought of as a way for a company to create a regarding! % since its IPO in April, with a substantial amount of volatility in between on..., in the Award Agreement the Data ) Does a Lock-Up period Help Maintain price After. The actual adjustments will differ from the pro forma adjustments and it is sometimes thought of as a for.
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