Proceeds from IPO Clause Samples

Proceeds from IPO. The Plans will be entitled to retain all of the net proceeds from the sale of the Plan Shares in the IPO. If the net proceeds to the Plans from the sale of any Plan Shares in connection with the IPO are less than the aggregate Floor Price of such Plan Shares, Northwest will be obligated at a time no later than the date of closing of such IPO to remit to the Plans immediately available funds which represent the amount by which, with respect to such Plan Shares actually sold, such net proceeds are less than the aggregate Floor Price of such Plan Shares.