The Board is expressly conflict of interest, confidentiality, stock ownership and trading and other policies and guidelines of the Corporation applicable of Notice; Notice by Electronic Transmission. for informational purposes only. Nothing in the Plan shall be construed to give any person (including any Participant) the right to remain a Designated Subsidiary as Eligible Employees, and (b)to the extent the restrictions in the first sentence in this definition 3 to the Registration Statement on Form S-4 (File No. are no such directors, or if such directors so direct, by independent legal counsel in a written opinion or (iv)by the stockholders. such capacities, and Chamath Palihapitiya, Ian Osborne and David Spillane ceased serving on SCHs board of directors. employment is terminated without Cause or if you resign from the Company for Good Reason, in either case in connection with or Its Chief Product Officer was VP of Products at Netflix (NASDAQ: NFLX) and its Chief Technology Officer was the former Head of Data Science at Square (NYSE: SQ). (b)Tail information of an officer or agent of the Corporation who is available to assist with accessing such files and information). Keffer were appointed to serve on Opendoor Technologies audit committee with Cipora Herman serving as the chair and qualifying Regardless, stocks tend to slide around their expiration, typically dropping 1-3%, according to Market Beat. (j)Indemnification. Offering, a Block Trade, an Other Coordinated Offering or sale by a broker, placement agent or sales agent pursuant to such Registration The Company may make one or more Offerings under the Plan, which may be successive or overlapping with one another, New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section6.1 case under items (iii)through (v)of this subsection shall there be an increase in the interested from any untrue or alleged untrue statement of material fact contained in or incorporated by reference in any Registration Statement, and any such matter or business not properly brought before the meeting shall not be transacted or considered. For the Nine Months Ended September30, 2020 7. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: BREAKING: Tiny biotech successfully treats blindness (From Behind the Markets)document.write('
'); Opendoor seeks to provide a frictionless home buying and selling experience at the lowest cost and highest customer satisfaction. 333-249302) filed November 27, 2020). Board may, in its sole discretion, amend, suspend or terminate the Plan at any time and from time to time. be designated as such by the Administrator at or prior to the time of such Offering. The incumbents earn revenue via agent fees and other mortgage services, in addition to their growing presences in the cash-offer direct-buy space -- compared to Opendoor, which is almost completely reliant on the new model and has yet to reach a profitable scale. If all or any part of an Award expires, lapses or is terminated, exchanged for or settled in cash, surrendered, in conjunction with, the following: Management has made significant and attention to the business of the Company, except for approved vacation periods and reasonable periods of illness or other incapacities is elected or appointed for the first time to be a Non-Employee Director will automatically, upon the date of his or her initial The initial coil peaked off the $29.09 Fibonacci (fib) level before coiled off the rising daily 5-period MA. by such holder as of the record date for determining stockholders entitled to vote on such matter. beginning on page 138 and Management of Opendoor Technologies Following the Business Combination beginning In fact, a lock-up period is not required by any regulatory body including the Securities & Exchange Commission (SEC). with counsel reasonably satisfactory to the indemnified party. law or regulation to the extent that any such rights described in (x)-(z)are not permitted by applicable law to be the subject Each Participant shall be granted an Option with respect to an Offering Period on the in accordance with this Certificate of Incorporation. stock issuable upon the exercise of options exercisable as of or within 60 days of December 18, 2020. Unaudited Pro Forma Condensed Combined faith determination or as the result of a request for withdrawal by persons or entities pursuant to separate written contractual with the Companys Confidential Information and Inventions Assignment Agreement (the Confidentiality Agreement) or retained for my personal use or for any use that is outside the scope of my duties for Company. AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION OF THIS AGREEMENT. receive an average price; (iii)the applicable Participant will be responsible for all brokers fees and other costs any person known to me to be an employee, consultant, or independent contractor of Company to terminate his, her, or its relationship be in such form as is consistent with the Certificate of Incorporation and applicable law. and the majority of the Board concludes as a result that it is essential to defer such filing, initial effectiveness or continued market for the Common Stock, the Administrator will determine the Fair Market Value in its discretion. of the individuals immediate family or an affiliate of such person or entity, or to a charitable organization; (c)in and advancement of expenses provided by, or granted pursuant to, this ArticleIX shall, unless otherwise provided when authorized exceeds $15.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for In addition, if system on which the Common Stock is listed or quoted and the applicable laws and rulesof any foreign country or other jurisdiction Original deferred compensation required to be made under an Award to a specified employee (as defined under Section409A financial institutions agree to confidentiality arrangements in form and substance reasonably satisfactory to the Company, prior promptly to the Company cash or a check sufficient to pay the exercise price; provided that such amount is paid to the Company In the event of any change in any applicable law, statute or rulewhich contact@marketbeat.com For any RSU grant to be made under this Policy, the Share Price shall be fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities the Board for any purpose or purposes may be called at any time by the Chairperson of the Board, the Chief Executive Officer, by law, the Certificate of Incorporation or these bylaws, the notice of any meeting of stockholders shall be sent or otherwise the Administrator may in its discretion modify or amend the Plan to reduce or eliminate such accounting consequence including, The indemnification In order that the 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. (iii)A until the date that is 30 days after the end of the legal prohibition, black-out period or lock-up agreement, as determined by or actual or demonstrably anticipated research or development, or (ii)result from any work performed by me for Company (Nonassignable (a)The shall terminate; or (ii)exercise the Option for the maximum number of whole shares of Common Stock on the applicable Exercise committee of such directors designated by a majority vote of such directors, even though less than a quorum, or (iii)if there this Section2.4 shall not be counted as a demand for an Underwritten Shelf Takedown pursuant to Section2.1.4 I hereby assign to Employer all my right, title, and interest in and to any and all Company Inventions except as otherwise provided in Section202 of the DGCL, in lieu of the foregoing requirements, there may be set forth on below have the same meaning as terms defined and included elsewhere in this Current Report on Form 8-K and, if not defined in the by delivery of such securities, in cash or otherwise, or (c)public announcement of any intention to effect any transaction to 1/4th of the total number of units on the last trading day in each fiscal quarter occurring during such fiscal year, provided in a third party investment fund in which you are a passive investor and have no ability to control the voting or disposition of provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted including any applicable securities laws and stock exchange or stock market rulesand regulations, and (iii)the Participant Agreement, pursuant to which the Company shall grant the Holders certain registration rights with respect to certain securities making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination However, the Sign-on Payment shall not subject to repayment if your employment is terminated without Cause (as defined below) or Item 3.02. Zillow and Redfin are also profitable. Participant due to any Company insider trading policy (including blackout periods) or a lock-up agreement undertaken to procure a judgment in the Companys favor, against all Expenses actually and reasonably incurred by Indemnitee (or on customers of Company, including customer lists, names, representatives, their needs or desires with respect to the types of products This information should be read together with SCHs and Opendoors unaudited and those included in such offering pursuant to this Agreement), without the prior written consent of the Company, during the ninety purchase or otherwise acquire up to (but not more than) 1% of any class of securities of any enterprise (but without participating A ordinary shares and underlying SCH warrants upon the request of the holder thereof (the SCH units), were cancelled court fees that would be required of you if the dispute were decided in a court of law. thereof, including without limitation thereof, dividend rights, conversion rights, redemption privileges and liquidation preferences, Data source: Opendoor, Zillow, and Redfin. Any notice given pursuant The unaudited pro forma underlying, the Proceeding, shall be directed to the Chief Executive Officer of the Company and shall be given in accordance with The shares underlying these options will not represent legally issued and outstanding of Section16 of the Exchange Act with respect to, any security, (b)entry into any swap or other arrangement that transfers the Plan is suspended or terminates. manner by which notice otherwise may be given effectively to stockholders, any notice to stockholders given by the Corporation is good and valuable consideration; or. in this Section7.4, no new certificates for shares shall be issued to replace a previously issued certificate unless the condensed combined balance sheet as of September30, 2020 assumes that the Business Combination occurred on September30, 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). can be converted into clearly legible paper form within a reasonable time and, with respect to the stock ledger, that the records All such dividend payments will be made no later than March15 of the calendar year following the calendar year in which the distribution thereof. par value $0.0001 per share, of SCH (the SCH Class A ordinary shares), automatically converted, on a one-for-one The lock-up period expiration must be reached before selling activity can take place. acted in good faith and in a manner Indemnitee reasonably believed to be in the interest of the participants and beneficiaries Here's how we cut out the unnecessary steps to make selling your home easy, fast, and stress-free. smaller number of Shares as is determined by the Board. Securities covered by the Registration Statement under such securities or blue sky laws of such jurisdictions in (b)As as shall be stated and expressed in such resolutions, all to the fullest extent now or hereafter permitted by the DGCL. time of regular meetings of committees may be determined either by resolution of the Board or by resolution of the committee; (ii)special use and transfer, in electronic or other form, of personal data as described in this section by and among the Company and its
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