Procedure for Appraisal. The following procedures shall be employed in appraising staff members. Appraisal is initially the building administrator’s responsibility. Observation / evaluation times and dates will be mutually agreed upon by both parties involved.
Procedure for Appraisal. For purposes of this agreement, whenever it is necessary to compute the Appraised Value of shares of Voting Common Stock, the Appraised Value shall be determined by an appraiser selected by a majority of the non-selling Shareholders. The value contained in the written report of the appraiser shall constitute the Appraised Value of the shares of Voting Common Stock. (ii)
Procedure for Appraisal. The appraiser may:
Procedure for Appraisal. For purposes of this Agreement, whenever it is necessary to compute the appraised value of Shares, the appraised value of the Shares shall be determined as follows: If the selling Stockholder (or, if applicable, his executors or administrators or personal or legal representatives) and the Company (and/or, if applicable, the purchasing Stockholders) are able to reach mutual agreement as to appraised value, the agreed appraised value shall govern. If mutual agreement cannot be reached, the selling Stockholder (or, if applicable, his executors or administrators or personal or legal representatives) shall promptly but no later than thirty (30) calendar days after any event triggering a purchase of shares of Stock pursuant to this Agreement and the Company (and/or, if applicable, the purchasing Stockholder) shall promptly but no later than thirty (30) calendar days after any event triggering a purchase of shares of Stock pursuant to this Agreement each will appoint an appraiser to find an appraised value for the selling Stockholder's shares of Stock as of the date specified in the appropriate provision of this Agreement. Any party hereto appointing an appraiser shall furnish the other parties hereto with written notice of the name, address, and telephone number of the appraiser. The failure of any party entitled to appoint an appraiser to make an appointment within the thirty (30) calendar day period shall constitute a waiver of the party's right to appoint in appraiser, and the determination of the other party's appraiser shall be deemed to be the "appraised value" for the shares of Stock, notwithstanding any other provision of this Article X. If the two (2) appraisers agree upon the value of the shares of Stock, they shall jointly render a single written report of their opinion thereon. If the two (2) appraisers cannot agree upon the value of the shares of Stock, they shall each render a separate written report within sixty (60) calendar days after their respective appointment and appoint a third appraiser, who shall appraise the shares of Stock and shall render a written report of its opinion thereon. If the two appraisers cannot, within the thirty (30) calendar day period, agree on the appointment of a third appraiser, the accountant for the Company and accountant for the selling Stockholder shall confer upon and appoint the third appraiser. The agreed value or the value contained in the joint written report or written report of the third appraiser, as the ...
