Price for Involuntary Transfer. With respect to any stock to ------------------------------ be transferred pursuant to Section 3(c)(i), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify Purchaser or his or her executor of the price so determined within 30 days after receipt by it of written notice of the transfer or proposed transfer of Shares. However, if the Purchaser does not agree with the valuation as determined by the Board of Directors of the Company, the Purchaser shall be entitled to have the valuation determined by an independent appraiser to be mutually agreed upon by the Company and the Purchaser and whose fees shall be borne equally by the Company and the Purchaser.
Price for Involuntary Transfer. With respect to any stock to be transferred pursuant to Section 3(b)(i), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify Purchaser or his or her executor of the price so determined within 30 days after receipt by it of written notice of the transfer or proposed transfer of Shares. However, if the Purchaser does not agree with the valuation as determined by the Board of Directors of the Company, the Purchaser shall be entitled to have the valuation determined by an independent appraiser to be mutually agreed upon by the Company and the Purchaser and whose fees shall be borne equally by the Company and the Purchaser.
Price for Involuntary Transfer. For purposes of this Agreement, the "Fair Market Value" of the Shares shall be defined as the value of the Shares as determined by the Board of Directors of the Company, which value reflects the then-current value of the Shares in terms of present earnings and future prospects of the Company. The Company shall notify the Holder or the Holder's executor of the Fair Market Value within thirty (30) days after receipt by it of written notice of the proposed transfer of Shares. However, if the Holder or the Holder's executor does not agree with the valuation as determined by the Board of Directors of the Company, the Holder or the Holder's executor shall be entitled to have the valuation determined by an independent appraiser to be mutually agreed upon by the Company and the Holder or the Holder's executor and whose fees shall be borne equally by the Company and the Holder or the Holder's estate.
Price for Involuntary Transfer. With respect to any stock to be ------------------------------ transferred pursuant to Section 3(c), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify Purchaser or his or her executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. The decision of the Board of Directors as to the purchase price shall be final.
Price for Involuntary Transfer. With respect to any stock to be transferred pursuant to Sections 3(a) or 3(c)(i), the Fair Market Value per Share shall be a price set by the Board of Directors of the Company (the “Board”) in good faith using a reasonable valuation method in a reasonable manner in accordance with Section 409A of the Code. The Company shall notify Purchaser or his or her executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. The determination of the Fair Market Value per Share by the Board shall be final and binding on all parties.
Price for Involuntary Transfer. With respect to any Stock to be transferred pursuant to Section 6(b)(i), the price per share shall be a price set by the Board of Directors of the Corporation that will reflect the current fair market value of the Stock in terms of present earnings and future prospects of the Corporation. The Corporation shall notify Purchaser or his or her executor, as the case may be, of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of the Stock. However, if the Purchaser does not agree with the valuation as determined by the Board of Directors of the Corporation, the Purchaser shall be entitled to have the valuation determined by an independent appraiser to be mutually agreed upon by the Corporation and the Purchaser and whose fees shall be borne equally by the Corporation and the Purchaser.
Price for Involuntary Transfer. With respect to any stock to be transferred pursuant to Section 3(d)(i), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify the transferee of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. However, if the transferee does not agree with the valuation as determined by the Board of Directors of the Company, the value shall be determined by an independent appraiser to be promptly and mutually agreed upon by the parties. If the parties are unable to promptly agree upon an independent appraiser, each party shall promptly designate an independent appraiser, and such appraisers shall together promptly and mutually designate a third independent appraiser who will determine the value. Each party shall bear the fees and costs of any intermediary appraiser it designates and shall bear one half of the fees and costs of the appraiser who actually determines the value.
Price for Involuntary Transfer. With respect to any stock to be transferred pursuant to Section 8(b)(i), the price per share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify Holder of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of shares. However, if the Holder does not agree with the valuation as determined by the Board of Directors of the Company, the Holder shall be entitled to have the valuation determined by an independent appraiser to be mutually agreed upon by the Company and the Holder and whose fees shall be borne equally by the Company and the Holder.
Price for Involuntary Transfer. With respect to any stock to be transferred pursuant to Section 3(c), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify Purchaser or Purchaser's executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. If the transferor disputes the price as set by the Board of Directors by notice to the Company within ten (10) days after being informed of the price, the price of the Shares shall be determined by an independent financial appraiser selected by the Board of Directors. The Board of Directors shall select the appraiser within thirty (30) days after receipt of notice that the Purchaser is disputing the price set by the Board of Directors. If the Board is not notified of any such dispute within such ten (10) day period, the decision of the Board of Directors as to the purchase price shall be final. Any time required to resolve a dispute shall be added to the thirty (30) day period in which the Company may exercise its right to purchase.
Price for Involuntary Transfer. For purposes of this Agreement, the "Fair Market Value" of the Warrant or the Warrant Shares, as the case may be, shall be defined as the value of the Warrant or the Warrant Shares, respectively, as determined by the Board of Directors of the Company, which value reflects the then-current value of the Warrant or the Warrant Shares, respectively, in terms of present earnings and future prospects of the Company. The Company shall notify the Holder or the Holder's executor of the Fair Market Value within thirty (30) days after receipt by it of written notice of the proposed transfer of Warrant or the Warrant Shares, as the case may be. However, if the Holder or the Holder's executor does not agree with the valuation as determined by the Board of Directors of the Company, the Holder or the Holder's executor shall be entitled to have the valuation determined by an independent appraiser to be mutually agreed upon by the Company and the Holder or the Holder's executor and whose fees shall be borne equally by the Company and the Holder or the Holder's estate.
