Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 10,000 shares of Class A Common at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 per share. The Company shall deliver to Executive a copy of the certificates representing such shares of Common Stock, and Executive shall deliver to the Company a cashier's or certified check or wire transfer of funds in the
Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing"), the Company will sell to Executive and Executive will purchase 810.50 shares of Common Stock at a price of $10 per share. The Company will deliver to Executive the certificate representing such Common Stock, and Executive will deliver to the Company a check or wire transfer of funds in an amount of $8.11 and a promissory note in the form of EXHIBIT A attached hereto in an aggregate principal amount of$8,096.89 (the "Executive Note"). Executive's obligations under the Executive Note will be secured by a pledge of all of the shares of Executive Stock to the Company and in connection therewith Executive shall enter into a pledge agreement in the form of EXHIBIT B attached hereto (the "Pledge Agreement").
Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement and in connection with the Closing, the Executive Subscription Agreement and payment of the Original Purchase Price (as hereinafter defined), the Company will issue to the Executive 23,794.90 shares of Class A Common Stock, par value $0.01 per share, of the Company (the "Class A Common Stock"), for a purchase price of $0.0179 per share (the "Original Purchase Price"). All of such shares of Common Stock purchased by the Executive hereby are referred to herein as "Executive Stock." To secure the Company's rights under the Repurchase Option in Section 3, the Company will retain possession of the certificates representing the Executive Stock.
Purchase and Sale of Executive Stock. (a) Upon the execution and delivery of this Agreement, Executive shall purchase, and the Company shall sell, 500 shares of Executive Stock at a price of $100.00 per share. The Company shall deliver to Executive the certificates representing such shares of Executive Stock, and Executive shall deliver to the Company a wire transfer of funds in the aggregate amount of $50,000.
Purchase and Sale of Executive Stock. (1) (i) Upon the date of the Initial Closing, Executive will purchase, and the Company will sell, 1,854,505 shares of Reserved Stock at a price of $0.10 per share. The Company will deliver to Executive the certificates representing such shares of Reserved Stock, and Executive will deliver to the Company (A) by cashier's or certified check or wire transfer of immediately available funds, cash in an amount equal to $1,855, (B) the Executive Note in the form of EXHIBIT A attached hereto in an initial principal amount of $183,596 and (C) pursuant to the Pledge Agreement (as defined below), certificates representing such shares of Reserved Stock. The "
Purchase and Sale of Executive Stock. 1. On the Effective Date, Executive shall purchase from the Company, and the Company shall sell to Executive 2,096.67 shares of Common Stock at a price of $100 per share, which shares shall be subject to vesting as provided herein (the “Vesting Shares”), for an aggregate purchase price of $209,667. On the Effective Date, the Company shall deliver to Executive stock certificates representing the Vesting Shares, and Executive shall deliver to the Company the aggregate purchase price for the Vesting Shares in the manner provided in Section 2.
Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive will purchase, and the Company will sell, 24 shares of Class B Common Stock at a price of $10 per share. The Company will deliver to Executive the certificates representing such Class B Common Stock, and Executive will deliver to the Company a promissory note in the form of Exhibit A attached hereto (an "Executive Note") in an aggregate principal amount of $240. Executive's obligations under such Executive Note shall be secured by a pledge of all of the shares of Executive Stock to the Company, and in connection therewith, Executive shall enter into a pledge agreement in the form of Exhibit B attached hereto (the "Pledge Agreement").
Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive will purchase, and the Company will sell, 110,000 shares of Common Stock at a price of $.50 per share. The Company will deliver to Executive the certificates representing such Executive Stock, and Executive will deliver to the Company a cashier's or certified check or wire transfer of funds in the aggregate amount of $4,826.25 and a promissory note in the form of Exhibit A attached hereto in an aggregate --------- principal amount of $50,173.75 (the "Executive Note"). --------------
Purchase and Sale of Executive Stock. (a) (i) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 116,904 shares of Common Stock at a price of $.01 per share, 46,090 shares of Series B Preferred at a price of $.01 per share and 5,000 shares of Series C Preferred at a price of $.10 per share. The Company shall deliver to Executive the certificate representing such shares of Common Stock, the certificate representing such shares of Series B Preferred and the certificate representing such shares of Series C Preferred, and Executive shall pay to the Company an amount equal to $2,130.00 by wire transfer of immediately available funds to one or more accounts as designated by the Company.
Purchase and Sale of Executive Stock. (a) On September 5, 1996, Executive purchased from the Company, and the Company sold to Executive, 1,496.4457 shares of Class B Common (104,228 shares of Common Stock as reclassified). The purchase price per share of Class B Common (the "Purchase Price") was $98.46.
