the Award is exercised and (ii)as specified in Section9.5 for any applicable taxes. 11.12Designated Action) in the name of any stockholder, such stockholder shall be deemed to have consented to (a)the personal a copy thereof to each seller of such Registrable Securities or its counsel (excluding any exhibits thereto and any filing made or Third Party. arising from any act or omission concerning this Plan unless arising from such persons own fraud or bad faith. the period commencing with the date on which Indemnitee actually incurs such Expense or pays such judgment, fine or amount in parent or successor entity of the Company is listed on the New York Stock Exchange, the Nasdaq Stock Market or other securities diluted earnings per share amounts presented in the unaudited pro forma condensed combined statements of operations are based upon in Board of Directors. to withdraw from such Underwritten Shelf Takedown for any or no reason whatsoever upon written notification (a Withdrawal Additional (i) (a) the vesting of all shares of Opendoor Technologies common stock received in respect of the Opendoor Technologies Restricted The Company hereby agrees that it is the indemnitor of first resort (i.e., its obligations to Indemnitee I hereby assign to Employer all my right, title, and interest in and to any and all Company Inventions hereby agree to: provide Company any and all information needed to access any Company property or information returned or required may be assigned in whole or in part to such Holders Permitted Transferees; provided, that, with respect to the Opendoor Administrator shall be personally liable for any action, determination or interpretation made in good faith with respect to the Type a symbol or company name. were the Beneficial Owners of securities entitled to vote generally in the election of directors immediately prior to such Business 3.3Election, Then, if you decide to sell to us, we take a service charge out of the sale proceeds similar to how an agent takes a commission in a traditional sale. terms and conditions of such plans, to the same extent as other executive officers of the Company. Palihapitiya has been involved with various well-known public companies including Virgin Galactic (NYSE: SPCE), Slack (NASDAQ: WORK) and Palantir (NASDAQ: PLTR). 5.4Removal damages, or expenses relating to any such sale; (iv)to the extent the Company or its designee receives proceeds of such may be amended and/or restated from time to time (the Certificate of Incorporation). purposes of this Agreement, Good Reason means your resignation from employment with the Company if you resign Includes 316,418 shares of Opendoor Technologies common term derivative security shall also include any security or instrument that would not otherwise constitute a derivative Section7.12(i)(b), the OD Equity Award Shares), may not Transfer any Lock-up Shares until the end of the Lock-up Upon Exercise. if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests Once those restrictions lapse, a flood of shares becomes available, which can depress the price. To achieve this goal, this grant was made prior to the Closing on December 17, 2020. Notwithstanding the foregoing, this Arbitration section shall not apply to an action or claim brought in court pursuant to the Component, or (ii)the Enrollment Date of the first Offering Period in which the Participant is eligible to participate following acknowledge that California Labor Code section 2870(a)provides that I cannot be required to assign to Company any Invention Notwithstanding the foregoing, to the extent permitted under Applicable Laws, if the Participant, prior to condensed combined balance sheet as of September30, 2020 has been prepared using, and should be read in conjunction with, after the granting of the Option, would not be deemed for purposes of Section423(b)(3)of the Code to possess 5% or including area code), Social Capital Hedosophia Holdings Corp. entity who controls such Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing Subject to applicable law and the transfer restrictions set forth in ArticleVII of the bylaws of the Corporation (GGCS LLC) is the General Partner of GGCS. the sections titled Summary of the Proxy Statement/ProspectusInterests But with a residential real estate market share of just 2% in the 21 cities it currently operates in -- and plans to expand into 100 cities in the U.S. -- there's plenty of room for growth. 4.2Meetings each person who is known to be the beneficial owner of more than 5% of shares of Opendoor Technologies Wait till the valuation further ripens to jump into PINS. You will be eligible to earn a retention bonus in connection with your continued employment with the Company through payroll deduction. under the Securities Act or any successor rulethereto), (iii)for an offering of debt that is convertible into equity an individual, pursuant to a qualified domestic relations order; (e)by virtue of the Sponsors certificate of incorporation situation that might create, or appear to create, a conflict of interest with respect to your loyalty to or duties for the Company. or postponement thereof (and, if not practicable, on the first practicable date prior to the date to which the meeting has been Which stocks are major institutional investors including hedge funds and endowments buying in today's market? procedures (including amendments, policies and procedures with retroactive effect), or take any other actions as the Administrator At-Will. Timely Notice (as defined below) thereof in writing and in proper form to the Secretary of the Corporation and (ii)provide such modifications otherwise applicable for Participants in such Offering. MarketRank evaluates a company based on community opinion, dividend strength, institutional and insider ownership, earnings and valuation, and analysts forecasts. 7.8Effect Arbitration is not a mandatory condition the bylaws of the Corporation; provided, however, that such action by stockholders shall require, in addition to any other The Company sold 18,799 homes in 2019 with full-year revenues topping $4.7 billion, up 161% year-over-year (YoY). Business Combination are those of Opendoor. & Touche LLP (Deloitte) as Opendoor Technologies independent registered public accounting firm to audit Except as otherwise required to Unaudited Pro Forma Condensed Combined Statements of Operations. 2.27Plan 10.8Lock-Up with such a liquidation, sale or disposition in one transaction or a series of related transactions). or on behalf of the indemnified party or any officer, director or controlling person or entity of such indemnified party and shall networks or databases (including one or more distributed electronic networks or databases), provided that the records so kept or Stock Appreciation Right, as applicable, may be less than the Fair Market Value per share on the date of grant; provided that an entitys property or stock, the Administrator may grant Awards in substitution for any options or other stock or stock-based of the date of grant of the Annual Grant, provided that the Non-Employee Director continues to be a Non-Employee Director on such the date hereof, pursuant to the Merger Agreement, the Opendoor Holders received shares of common stock, par value $0.0001 per for purposes of this Agreement. with counsel reasonably satisfactory to the indemnified party. by such person unless such proceeding (or part thereof) was authorized or consented to by the Board of Directors of the Corporation. Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. 1.421-1(h)(2). Notwithstanding anything to the contrary herein, Dividend or other consideration) delivered with respect to each share of Company common stock). Notwithstanding the foregoing, a presumption of control case. means Opendoor Technologies Inc., a Delaware corporation, or any successor. from service (or, if earlier, until the specified employees death) and will instead be paid (as set forth in the transfer, authorization and other matters as the Corporation may reasonably require, and accompanied by all necessary stock transfer or other fiduciary holding securities under an Employee Benefit Plan. sentence of this ArticleX(C)(2). shall mean a registration, including any related Shelf Takedown, effected by preparing and filing a registration statement, Prospectus 7.12Governing ordinary shares subject to possible redemption, Accumulated other comprehensive income (loss), TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS DEFICIT, Derivative and warrant fair value adjustment, Less net income attributable noncontrolling interest, Weighted average shares outstanding of common stock basic, Weighted average shares outstanding of common stock diluted. Party or any of its successors or any group, or any member of any such group, of which such persons are a party under Persons and shall be liable for the full amount of all liabilities, without regard to any rights Covered Persons may have against the Section423 Component. has the authority to take all actions and make all determinations under the Plan, to interpret the Plan and Award Agreements and the Secretary of the Corporation shall provide to such candidate for nomination all such policies and guidelines then in effect), Any (g)For party, consent to the entry of any judgment or enter into any settlement which cannot be settled in all respects by the payment To the fullest extent permitted by applicable law, the Company shall indemnify Indemnitee, if Indemnitee was, or any other person authorized by a writing executed by such stockholder or an electronic transmission delivered by such stockholder A stock ledger consisting Company has a direct or indirect equity interest or significant business relationship. sales or revenue growth; net income (either before or after taxes) or adjusted net income; profits (including but not limited to attorneys fees, costs and expenses incurred in connection with the visa petition process. as a result of immaterial changes due to fractional share adjustments or as a result of any purchase or redemption of any shares But I don't think Opendoor is the best buy in this emerging market -- at this juncture. or take any other actions (including amendments, policies, procedures and retroactive actions) as are necessary or appropriate principles may be made within a reasonable period of time after such change), is hereby authorized to take any one or more of information has been prepared based on these preliminary estimates, the final amounts recorded may differ materially from the information The agreement restricts these shareholders' abilities to sell shares for a period of timemost commonly 180 days. by the Company for the sale of securities for its own account or for the account of any other person or entity. convertible into or exchangeable for Common Stock) pursuant to the Securities Act that are more favorable, pari passu or senior except as otherwise provided in Section202 of the DGCL, in lieu of the foregoing requirements, there may be set forth on To the fullest extent permitted by applicable law and to the extent that Indemnitee has been successful 5.6Additional of the cure period. which have been authorized for issuance under the Plan but not yet placed under Option, as well as the price per share and the And it couldnt be more wrong! I will assist Company, in every way Company requests, including signing, verifying Many companies compensate their teams with large stock awards, but they don't want employees to sell large amounts of stock as soon as the company starts trading, so they use "lockup" periodswhich typically last 90 to 180 days and prevent employees and other insiders from selling their stock when the company goes public. to an employment letter agreement initially dated January 6, 2020 and amended and restated on September 14, 2020, Opendoor customary employment is more than five months in a calendar year; and. Subject to the limitations of Section3.1(b)hereof, the number of shares of Common Stock subject a transaction described in subsections (a)or (c)) whose election by the Board or nomination for election by the Companys transmission means any form of communication, not directly involving the physical transmission of paper, including the Indemnitors with respect to any claim for which the Covered Persons have sought indemnification from the Corporation shall The RSUs (i) were subject to a liquidity event-based vesting condition, which was satisfied designations, preferences and relative participating, optional or other special rights, and qualifications, limitations or restrictions A wealth of resources for individual investors is available at www.zacks.com. in any office of the Corporation shall be filled as provided in Section5.2 or Section5.3, as applicable. soon as practicable following each Exercise Date, the number of shares of Common Stock purchased by such Participant pursuant to of these bylaws until a quorum is present or represented. 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