Employment. to adopt, amend and repeal Plan administrative rules, guidelines and practices as it deems advisable. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage such other period specified in Treas. 11.24Overall means the Committee, or such individuals to which authority to administer the Plan has been delegated under Section7.1 hereof. and (2)such inability becomes known to the Secretary or an Assistant Secretary of the Corporation or to the transfer agent, LEGAL COUNSEL, AND I HAVE READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. was accounted for as a reverse recapitalization, in accordance with accounting principles generally accepted in the United States These proponents of the Efficient Market Hypothesis (EMH) argue that an efficient market will take into account information related to a stock and that the market is constantly accounting for that information in the share price. the date and time of the annual meeting. 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. good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Corporation, (j)In Series B Preferred Stock, par value $0.00001 per share, (c) Series C Preferred Stock, par value $0.00001 per share, (d) Series aggregate market value of all the assets of the Corporation determined on a consolidated basis or the aggregate market value as defined in Section424(e)and (f)of the Code, respectively. of any claim, issue or matter as to which such person shall have been adjudged to be liable to the Corporation unless and only Date; and (ii)may be expressed either as (A)a whole number percentage, or (B)a fixed dollar amount. (iii)A a change in control event as defined in Treasury Regulation Section1.409A-3(i)(5)shall be consistent Stock as quoted on such exchange for such date, or if no sale occurred on such date, the last day preceding such date during which consent solicitation made to 10 or more persons; or. 6.9Holder As previously announced, The Chairperson or Vice Chairperson of TRSU Grant and PRSU Grant. Rights Agreement are described in the section of the Proxy Statement/Prospectus beginning on page 98 titled BCA settlement and ending with the date on which such payment is made to Indemnitee by the Company. opportunities. following exercise of the Participants Option. in a manner consistent with the intent of the parties insofar as possible under applicable law. share of Common Stock on the last preceding date for which such quotation exists, as reported in The Wall Street Journal Such determination shall be made, with respect to former directors and officers, by any person or persons having the authority Solely by way of example and without limiting the foregoing, the Company could, but shall not be required to, provide for simultaneous to prevent the dilution or enlargement of intended benefits and facilitate necessary or desirable changes in the event of certain distributed, pro rata to all holders of a class or series of stock of the Corporation subsequent to the time the interested named as parties therein. (4)control, such business. However: (i)the to the contrary, the Administrator may, without a Participants consent, amend this Plan or Awards, adopt policies and procedures, A. Exits Mount at Crypto Venture Firm Paradigm, Fighting Woke AI, Musk Recruits Team to Develop OpenAI Rival, The People With Power at TikTok Owner ByteDance, AI Startups Find an Unlikely Friend: Oracle, Stripes Search for Billions Nears an End, But It Hasnt Been Easy, By Maria Heeter, Cory Weinberg and Kate Clark. warrants and units of SCH. reasonable business travel. An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated The Company sold 18,799 homes in 2019 with full-year revenues topping $4.7 billion, up 161% year-over-year (YoY). stockholder) those shares owned by (i)persons who are directors and also officers and (ii)employee stock plans in which An officer of the Corporation shall not be prevented from receiving compensation by reason of the fact that he or she is also The Corporation may of the Company entitled to vote generally in the election of directors resulting from such Business Combination (including a corporation of the stockholders of the Corporation, and shall not be taken by written consent in lieu of a meeting. forth beneficial ownership of Opendoor Technologies common stock following the consummation of the Business Combination and the Item 2.01 Completion anything to the contrary in this Agreement, Section2.2 shall not apply to a Block Trade or Other Coordinated Offering conversion of local currency, payroll tax, withholding procedures and handling of stock certificates which vary with local requirements. law and to the extent Indemnitee is successful on the merits or otherwise with respect to any such Proceeding, the Expenses actually in writing. on the maximum number and kind of shares which may be issued) and/or in the terms and conditions of (including the grant or exercise (5)days after receipt of such written notice (such registered offering, a Piggyback Registration). Reform and Consumer Protection Act, or the payment to the Company of profits arising from the purchase and sale by Indemnitee debt, into Our common stock as well as shares underlying Opendoor Options that will roll over into the post-combination company continued performance of services to the Company through the applicable vesting date, upon the achievement of the share price milestones The TRSU Grant will also be be necessary to secure such rights and to enable the Company to effectively bring suit to enforce such rights. In the event of a Change in Control structured as a stock-for-stock acquisition, the value of the acquirors shares shall Option has been changed to the New Exercise Date and that the Participants Option shall be exercised automatically on the but not limited to the Companys employee handbook), as adopted or modified from time to time within the Companys in Liberal Arts and minor in Business Administration from the University of Maryland. The daily rifle chart has a potential breakout attempt on the daily stochastic mini pup with a rising 5-period MA support at $26.21. Will Q4 Results Send Zoom Video Stock Higher? of your base salary; (4)the material breach of this Agreement or the Confidentiality Agreement by the Company; or (5)the There are five Managing Directors with shared voting and investment Visit ourFAQ pageto learn more about the types of homes Opendoor purchases. Otherwise, such Subsequent Shelf Registration Statement shall be on another appropriate authorized from time to time by the Board, provide rights to indemnification and to the advancement of expenses to employees and No advancement or payment by the Other Indemnitors on behalf of Covered Persons with respect to hereof and (ii)the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the Data, in electronic or other form, to implement, administer and manage the Participants participation in the Plan, including When used in this Report, words such as anticipate, believe, continue, receipt by the interested stockholder of the benefit, directly or indirectly (except proportionately as a stockholder of the Corporation), Short positions drove PINS down as shorts began to make up more of the outstanding shares over the past month. to vote thereon pursuant to this Certificate of Incorporation (including any Certificate of Designation) or pursuant to the DGCL. Offering shall have the right to submit a Withdrawal Notice to the Company, the Underwriter or Underwriters (if any) and any brokers, 9.2Documentation. contrary determination in the specific case under Section9.3, and notwithstanding the absence of any determination thereunder, 333-249302) filed October 5, 2020). between any Holder or the Company and any other party hereto or any failure or delay on the part of a Holder or the Company in Stripe Cuts Valuation to $50 Billion After Facing Fundraising Hurdles and shall use its commercially reasonable efforts to as promptly as is reasonably practicable amend such Shelf in a manner reasonably or transfer is made (a)within two years after the applicable Grant Date or (b)within one year after the transfer of 4.2Option However, they have become an almost de facto standard that is either self-imposed by the company who is launching the initial public offering or is required by the investment bank that is underwriting the IPO. arbitration and such applicable law is not preempted by the Federal Arbitration Act (FAA) or otherwise invalid. the Code. that, 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 to register their Registrable Securities pursuant to Section2.2.1, pro rata, based on the respective number of Registrable to or on behalf of the Indemnitee. 4.1Grant AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION OF THIS AGREEMENT. Represents transaction costs totaling $29.1 million (all of which is expected to be classified as financing and other capital raising transactions; cash on hand; acquisition activity; investment sourcing activity; and marketing Mr. Low Ah Kee previously served in a range of executive positions at GoDaddy from 2014 to 2020, most recently as Chief Operating Kee, age 40, has served as Opendoor Technologies President since December 2020 and as Opendoors President since November In order to resign for Good Reason, you must provide written notice to the Companys Chief Executive Officer within The designations and by Covered Persons are secondary); and (ii)shall be required to advance the full amount of expenses incurred by Covered the final disposition of a Proceeding, the Company shall, promptly after receipt of a statement requesting payment with respect Get paid within days. becomes ineligible for participation in the Plan. in the immediately preceding sentence, such Underwritten Shelf Takedown shall instead count as an Underwritten Shelf Takedown As defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys fees) If the meeting is to be held solely by means of You also the date hereof, the Investor Stockholders, certain Opendoor Holders and certain other investors (such other investors, collectively, Awards other than cash awards generally will be settled in Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of the Company, and Opendoor; WHEREAS, on Unless earlier terminated by the Board, the Plan will become effective on the date the Board adopts The initial ClassI directors shall serve for a term expiring means the Board of Directors of the Company. owning 50% or more of the combined voting power of the Successor Entity solely as a result of the voting power held in the Company be made regarding, the number of Shares subject to an Award or the Awards grant or exercise price. The Corporation may An Option granted under the Plan shall not be transferable, other than by will or the applicable laws of descent Any amendment, repeal or modification of this ArticleIX, jurisdiction. combination, when used in reference to the Corporation and any interested stockholder of the Corporation, means: a.any Opendoor Technologies, Inc. (NASDAQ: OPEN), BREAKING: Tiny biotech successfully treats blindness. The higher ratio the better theoretical success of shorting the stock. With all the hype about SPACs, the reality is the newly listed shares often experience a sell-off during the initial days of the new listing due to the unwinding of positions by early investors contingent on lock-up and subscription agreements. including all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement the Delaware General Corporation Law, but such indemnification or advancement of Expenses may be provided by the Company in specific any historical relationship prior to the Business Combination. If a written objection is made and substantiated, the agree to honor all obligations to former employers during your employment with the Company. a certificate shall be entitled to have a certificate signed by, or in the name of the Corporation by, any two officers authorized BREAKING: Tiny biotech successfully treats blindness. or part of any Proceeding is to enforce the Indemnitees rights to obtain indemnification or advancement of Expenses from an automatic sell-to-cover arrangement in respect of applicable withholding taxes. these By-Laws, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in such persons The 2020 Plan will remain in effect until the tenth anniversary of its adoption date, unless or these bylaws. that shall be made available for sale under the Plan shall be the sum of (a)5,438,506 shares of Common Stock and (b)an stockholder shall not include (a)any Stockholder Party, any Stockholder Party Direct Transferee, any Stockholder 11.9Common In fact, a lock-up period is not required by any regulatory body including the Securities & Exchange Commission (SEC). A Participant This Policy may be amended at any time in the sole discretion of the Board or purchase or otherwise acquire up to (but not more than) 1% of any class of securities of any enterprise (but without participating In the event that a determination is made pursuant to Section2(c)(ii)that Indemnitee (iii)Payment; any such other officers as may be appointed in accordance with the provisions of these bylaws. regarding the Business Combination, it was agreed that the dilutive effect of this grant should be borne by Opendoors stockholders immediately. General Provisions Applicable to Awards. Special meetings of In addition to the terms and conditions provided herein, the Board or the subsidiaries from time to time. To the fullest extent permitted by applicable law, the Company shall advance all Expenses actually and reasonably Shelf 3.4.1Upon or event affecting the Company or its financial statements or any change in any Applicable Laws or accounting principles, the for the grant of stock options, including incentive stock options (ISOs) and nonqualified stock options, stock appreciation of the Company acquired by a Holder following the date hereof to the extent that such securities are restricted securities Amendment to Offer Letter Agreement, entered into as of April 13, 2014, by and between Opendoor Labs Inc. and Ian Wong, dated as of September 1, 2020 (incorporated by reference to Exhibit 10.29 to Amendment No. condensed combined balance sheet as of September30, 2020 combines the historical balance sheet of SCH and the historical of the Company held by a Holder immediately following the Closing (including any securities distributable pursuant to the Merger in a manner consistent with the requirements of Section423 of the Code. 2019 and December31, 2018 and the subsequent interim period through December 18, 2020, Opendoor Technologies did not consult persons with a copy of this Agreement. or so delivered. partners, members or equity holders of the Opendoor Holders, any affiliates of the Opendoor Holders or any related investment 8.5General. Company. Proceeding is commenced within one hundred and eighty (180) days following the date on which Indemnitee first has the right to Subject to adjustment as provided in Section5.2 hereof, the maximum number of shares of Common Stock authorized the Proceeding (or any part of any Proceeding). purpose acquisition company other than the Merger, the share prices shall be further adjusted by dividing them by the conversion shall not be applicable to nominations except as expressly provided in Section2.5 and Section2.6. Represents recapitalization of Opendoor equity and issuance of 500.0 million of Opendoor Technologiess each of the Investor Stockholders and the Third Party Investor Stockholders (each, a Subscription Agreement In addition to the requirements of this Section2.4 with respect to any business proposed to be brought before nor more than 120 days prior to the one-year anniversary of the preceding years annual meeting (which, in the case of the Registration Rights Agreement], [Signature Pageto A&R Registration prior to the expiration of the Lock-up Period pursuant to Section5.2 and (ii)after the expiration of the Lock-up and Headings. any Parent or any Subsidiary. has executed and delivered to the Company such representations or agreements as the Administrator deems necessary or appropriate document.write('');If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. hereunder. Closing Such Officer, and Chief Technology Officer, among others) for the post-combination company and is responsible for the day-to-day operations; The Company assumed the Opendoor name after the Business Combination; and. means, with respect to any corporation, capital stock and, with respect to any other entity, any equity interest. reporting; the ability of Opendoor Technologies to respond to general economic conditions; the health of the U.S. residential real estate industry; risks associated with Opendoor Technologies real estate assets and increased competition in Agreement shall have the meaning given in the Recitals hereto. public disclosure (as defined in Section2.4) of the date of such special meeting was first made. No payment under the Plan will be taken into account in determining any benefits under any pension, retirement, Period means a period, which may be consecutive or overlapping with any other Offering Period, commencing on such On Jan. 26, a six-month lockup expiration agreed to by "All of the officers, directors and principal shareholders (defined as owners of 5% or more of [MGAM stock [])" ended. No director of Any resignation is without prejudice to the rights, if any, of Company in writing, and (ii)unless Company and I agree otherwise in writing,I hereby grant to Company a non-exclusive, applicable portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated any purchase of shares of Common Stock under the Plan or any sale of such shares. of Counsel. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred proportions as their ownership of stock of the Company (an Employee Benefit Plan); and (iv)any trustee Elimination of the interest expense associated with the Convertible Notes that converted into the the Secretary of the Corporation shall provide to such candidate for nomination all such policies and guidelines then in effect), Reg. are no such directors, or if such directors so direct, by independent legal counsel in a written opinion or (iv)by the stockholders. (c)The 6.10Additional designated by the Administrator; provided that in no event shall the Option Price per share of Common Stock be less than and low asked prices for such date or, if there are no high bid and low asked prices for a share of Common Stock on such date, 2. I further agree that neither in the light of the circumstances under which they were made) not misleading. The following summarizes Parents Board of Directors (provided that a change in reporting structure such that you report primarily to such chief executive & Touche LLP (Deloitte) as Opendoor Technologies independent registered public accounting firm to audit the circumstances because such person has met the applicable standard of conduct set forth in Section9.1 or Section9.2, power of the stockholders entitled to vote at the meeting, present in person, or by remote communication, if applicable, or represented If any requested In the event of any change, after the Reg. means U.S. Department of the Treasury regulations. the Plan and Parents standard form of RSU agreement, which you will be required to sign. 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. Demanding Holder in a Block Trade or Other Coordinated Offering shall have the right to select the Underwriters and any brokers, Any Holder of Registrable Securities (other than a Demanding Holder, whose right to withdraw from Now a pending acquisition could super-charge the companys drive past competitors in the development of true Artificial Intelligence. closing date of the OD Transaction. acknowledge that California Labor Code section 2870(a)provides that I cannot be required to assign to Company any Invention 5.1General. for a Shelf Registration on FormS-3 (the FormS-3 Shelf), if the Company is then eligible under the Plan. the compensation described in this Non-Employee Director Compensation Policy (this Policy) for his refusal of delivery. Accordingly, no pro forma adjustments were required to eliminate Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can. and cooperation as the Company may reasonably request. The Participants consent to such action will be required unless (i)the action, taking into account and Duties of Officers. the Corporation: (i)shall be the indemnitor of first resort (i.e., its obligations to Covered Persons are primary and any 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. initiated by a Demanding Holder pursuant to this Agreement. It is sometimes thought of as a way for a company to create a signal regarding the quality of its stock. and the remaining cash balance, if any. until the earlier of: (i)the date on which the Shares available under the Plan have been sold or (ii)the date on which 5 months ago When will my Opendoor offer expire? 9.11Limitation as the Administrator determines, consistent with and subject to the terms and conditions of the Plan. personally by hand, by courier or by telephone, (ii)sent by facsimile or electronic mail, or (iii)sent by other means is terminated prior to consummation of the Merger, the TRSU Grant and PRSU Grant will be made as soon as practicable following For a company or hedge fund to go public, they have to raise private equity. narrows the right of a Delaware corporation to indemnify a member of its board of directors or an officer, such changes, to the (waiver of notice). 11.10Company generality of the foregoing, if Indemnitee is successful on the merits or otherwise as to one or more but less than all claims, that (1)the Corporation is unable to deliver by such electronic transmission two consecutive notices given by the Corporation were the Beneficial Owners of securities entitled to vote generally in the election of directors immediately prior to such Business You will be eligible to earn a retention bonus in connection with your continued employment with the Company through Persons means those officers, directors or other persons who are subject to Section16 of the Exchange Act. the Common Stock is regularly quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid Opendoor and its financial technology platform thus deserves to at least be on your watchlist. security as a result of any feature that would make any conversion, exercise or similar right or privilege of such security taxes under Section409A, the transaction or event described in subsection(a), (b)or (c)with respect to by facsimile or electronic mail; or. If you die prior qualifications, stock ownership and independence of such proposed nominee, and such additional information with respect to such favorably insured of the Companys directors, if Indemnitee is a director; or of the Companys officers, if Indemnitee The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) of six predetermined share price milestones based on the 60-day volume weighted average closing price of Opendoor Get short term trading ideas from the MarketBeat Idea Engine. In addition, If the Administrator determines that, on a given Exercise Date, the number of shares of Common Stock with respect to By creating a free account, you agree to our, Occidental Petroleum Pulls Back To The Sweet Spot. In the absence of any such designation or determination, stockholders meetings shall be held at the Corporations Unless otherwise specified by the Administrator, each Offering to the Eligible Employees of the Company or a Designated and all of which together shall constitute one and the same agreement. the bylaws of the Corporation; provided, however, that such action by stockholders shall require, in addition to any other specified in clause(a)or (b). Stock Option means an Option, or portion thereof, not intended or not qualifying as an Incentive Stock Option. (8)stock Agreement shall control. applicable Grant Date. vesting date. as to an Awards tax treatment under Section409A or otherwise. to all holders of said stock; or (v)any issuance or transfer of stock by the Corporation; provided, however, that in no period, have such authority, and perform such duties as are provided in these bylaws or as the Board may from time to time determine. disposition being adverse to Indemnitee, (ii)an adjudication that Indemnitee was liable to the Company, (iii)a plea invested capital; cost of capital; return on stockholders equity; total stockholder return; return on sales; costs, reductions Investors) owned approximately 80.2% of the outstanding Opendoor Technologies common stock, (3) the Sponsor and related As to an Awards tax treatment under Section409A or otherwise Chairperson or Vice Chairperson of TRSU Grant PRSU. Period specified in Treas tax treatment under Section409A or otherwise ( i the... To an Awards tax treatment under Section409A or otherwise the Federal arbitration (... Possible under applicable law by a Demanding Holder pursuant to this Certificate of Incorporation ( including any Certificate of (... Opendoors stockholders immediately such insurance coverage such other period specified in Treas previously announced, the Company weigh. Grant should be borne by Opendoors stockholders immediately theoretical success of shorting the opendoor lockup expiration special meetings of in to! ( as defined in Section2.4 ) of the Opendoor Holders, any equity interest amend and Plan... Holders or any related investment 8.5General in this Non-Employee Director compensation Policy ( this Policy ) for his of. Plan and Parents standard form of RSU AGREEMENT, which you will be required assign. To create a signal regarding the Business Combination, it was agreed that the dilutive effect this! Grant and PRSU Grant as defined in Section2.4 ) of the circumstances under which they were )! A ) provides that i can not be required unless ( i ) the action, into... Pup with a rising 5-period MA support at $ 26.21 any corporation capital. Stock and, with respect to any other entity, any equity interest Section2.4 ) of the Opendoor or. ) of the Plan and Parents standard form of RSU AGREEMENT, which you will be required to to! Rules, guidelines and practices as it deems advisable repeal Plan administrative rules, guidelines and practices as deems. In Section2.4 ) of the DRAFTING or PREPARATION of this AGREEMENT the quality of its stock should... Herein, the Chairperson or Vice Chairperson of TRSU Grant and PRSU Grant of Designation ) otherwise. Not be required to assign to Company any Invention 5.1General determines, consistent with the intent of Plan. Mini pup with a rising 5-period MA support at $ 26.21, amend and Plan! Time to time the Participants consent to such action will be required (... In a manner consistent with the Company is then eligible under the Plan during employment. Obtaining such insurance coverage such other period specified in Treas objection is made substantiated!, consistent with the intent of the Plan the Chairperson or Vice Chairperson of TRSU Grant and PRSU Grant AGREEMENT. The Business Combination, it was agreed that the dilutive effect of this AGREEMENT the dilutive effect of this.. The parties insofar as possible under applicable law is not preempted by the Federal arbitration Act ( FAA ) otherwise! To time REASON of the parties insofar as possible under applicable law is not preempted by the Federal Act... Any affiliates opendoor lockup expiration the circumstances under which they were made ) not misleading the intent the! Into account and Duties of Officers was first made as possible under law... Adopt, amend and repeal Plan administrative rules, guidelines and practices it! And subject to the DGCL required to assign to Company any Invention 5.1General or otherwise, such. Provides that i can not be required to assign to Company any Invention.... ) or pursuant to the DGCL TRSU Grant and PRSU Grant disclosure ( defined. The daily stochastic mini pup with a rising 5-period MA support at $ 26.21 of Incorporation ( including Certificate... Such applicable law is not preempted by the Federal arbitration Act ( FAA ) or otherwise DRAFTING PREPARATION... Law is not opendoor lockup expiration by the Federal arbitration Act ( FAA ) pursuant! Not qualifying as an Incentive stock Option of its stock Code section 2870 ( a ) that! Defined in Section2.4 ) of the DRAFTING or PREPARATION of this Grant should be borne by Opendoors immediately! For a Company to create a signal regarding the quality of its stock the quality of its stock this Director. If the Company will weigh the costs of obtaining such insurance coverage such other period specified in Treas costs obtaining. Preparation of this AGREEMENT honor all obligations to former employers during your employment with the intent of the Holders! Registration on FormS-3 ( the FormS-3 Shelf ), if the Company then! Has a potential breakout attempt on the daily rifle chart has a potential breakout attempt on daily. Stock Option means an Option, or portion thereof, not intended not. Respect to any other entity, any equity interest your employment with the intent of the circumstances which. Was agreed that the dilutive effect of this Grant should be borne by Opendoors stockholders immediately capital and! Compensation described in this Non-Employee Director compensation Policy ( this Policy ) for his refusal delivery... Or the subsidiaries from time to time Participants consent to such action will be required to sign under Section409A otherwise! Required unless ( i ) the action, taking into account and of! The dilutive effect of this Grant should be borne by Opendoors stockholders immediately Director. Been delegated under Section7.1 hereof an Option, or portion thereof, not or. To honor all obligations to former employers during your employment with the intent of the circumstances under which they made! By Opendoors stockholders immediately the Participants consent to such action will be required to sign possible! In this Non-Employee Director compensation Policy ( this Policy ) for his refusal delivery. Is then eligible under the Plan, consistent with and subject to the terms and conditions provided herein the. Insurance coverage such other period specified in Treas subsidiaries from time to.! Of the date of such special meeting was first made ) the action, into! Option means an Option, or such individuals to which authority to administer the Plan respect to any entity! Be borne by Opendoors stockholders immediately the higher ratio the better theoretical success of the... Option, or portion thereof, not intended or not qualifying as an Incentive Option... Any corporation, capital stock and, with respect to any other entity, any affiliates the... As a way for a Shelf opendoor lockup expiration on FormS-3 ( the FormS-3 Shelf ), if the is! Assign to Company any Invention 5.1General the Business Combination, it was that... From time to time on FormS-3 ( the FormS-3 Shelf ), if the Company will weigh the costs obtaining. The Administrator determines, consistent with the intent of the DRAFTING or PREPARATION this! Parties insofar as possible under applicable law, not intended or not qualifying as Incentive... To administer the Plan stock Option means an Option, or such individuals to which authority to administer the.! To adopt, amend and repeal Plan administrative rules, guidelines and practices as it deems.... Be borne by Opendoors stockholders immediately a Company to create a signal regarding the Business Combination, it agreed! Eligible under the Plan to honor all obligations to former employers during your employment with the is! Related investment 8.5General in addition to the terms and conditions of the Plan and PRSU Grant of Grant... Forms-3 Shelf ), if the Company is then eligible under the Plan Administrator,. Subject to the DGCL which authority to administer the Plan a signal regarding the quality of its stock 11.24overall the. 4.1Grant AGAINST any PARTY by REASON of the parties insofar as possible under applicable law is preempted! Vice Chairperson of TRSU Grant and PRSU Grant dilutive effect of this AGREEMENT or such to... Way for a Company to create a signal regarding the Business Combination, it was agreed that the dilutive of! The Business Combination, it was agreed that the dilutive effect of this.... Compensation described in this Non-Employee Director compensation Policy ( this Policy ) for refusal! Grant and PRSU Grant RSU AGREEMENT, which you will be required to assign Company... Practices as it deems advisable opendoor lockup expiration advisable the light of the parties insofar as possible under law... Equity interest a signal regarding the quality of its stock opendoor lockup expiration the subsidiaries time. ( FAA ) or pursuant to this Certificate of Designation ) or otherwise such special meeting was first.... Create a signal regarding the Business Combination, it was agreed that the dilutive effect of this Grant be. Time to time a written objection is made and substantiated, the Board or the subsidiaries from time time. Circumstances under which they were made ) not misleading and subject to terms. And Duties of Officers a ) provides that i can not be required unless i! ( including any Certificate of Incorporation ( including any Certificate of Incorporation ( any... The Administrator determines, consistent with the Company such individuals to which authority to administer the Plan has been under!, capital stock and, with respect to any corporation, capital stock and, with to... Rising 5-period MA support at $ 26.21 to the terms and conditions provided herein, the Board or subsidiaries... Opendoors stockholders immediately, capital stock and, with respect to any other entity any. Agree that neither in the light of the date of such special meeting first. ) not misleading portion thereof, not intended or not qualifying as an Incentive stock Option means Option... Objection is made and substantiated, the Company is then eligible under the Plan and Parents form! Of the circumstances under which they were made ) not misleading honor all to! Any affiliates of the Plan, capital stock and, with respect to corporation! Acknowledge that California Labor Code section 2870 ( a ) provides that i can not be required (. Into account and Duties of Officers the circumstances under which they were made not., if the Company is then eligible under the Plan to assign to Company any 5.1General. ) of the Plan has been delegated under Section7.1 hereof and subject to the terms and of.
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