Common use of Purchase and Sale of Executive Stock Clause in Contracts

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing"), the Company will sell to Executive and Executive will purchase 1,082 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 $10.82 and a promissory note in the form of EXHIBIT A attached hereto in an aggregate principal amount of $10,809.18 (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").

Appears in 1 contract

Samples: Senior Management Agreement (U S Aggregates Inc)

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Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing"), the Company will sell to Executive and Executive will purchase 1,082 1,692 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 $10.82 16.92 and a promissory note in the form of EXHIBIT Exhibit A attached hereto in an aggregate principal amount of $10,809.18 16,903.08 (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 Exhibit B attached hereto (the "Pledge Agreement")hereto.

Appears in 1 contract

Samples: Senior Management Agreement (U S Aggregates Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing")------------------------------------ Agreement, Executive will purchase, and the Company will sell to Executive and Executive will purchase 1,082 sell, 250 shares of Class B Common Stock at a price of $10 29.167 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 the aggregate amount of $10.82 1,458.35, and a promissory note in the form of EXHIBIT A Exhibit B attached hereto in an --------- the aggregate principal amount of $10,809.18 5,833.40 (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 Exhibit C attached hereto (the "Pledge Agreement")--------- hereto.

Appears in 1 contract

Samples: Exhibit 28 (Doyle Robert M)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing"), the Company will sell to Executive and Executive will purchase 1,082 810.50 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 $10.82 8.11 and a promissory note in the form of EXHIBIT A attached hereto in an aggregate principal amount of $10,809.18 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").

Appears in 1 contract

Samples: Senior Management Agreement (U S Aggregates Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing")Agreement, Executive will purchase, and the Company will sell to Executive and Executive will purchase 1,082 sell, 500,000 shares of Common Stock at a price of $10 0.1055 per share. The Company will deliver to Executive the certificate certificates representing such Common Executive Stock, and Executive will deliver to the Company a check or wire transfer of funds in an the aggregate amount of $10.82 250.00 and a promissory note in the form of EXHIBIT ANNEX A attached hereto in an aggregate principal amount of $10,809.18 52,500 (the "Executive NoteEXECUTIVE NOTE"). Executive's obligations under the Executive Note will shall be secured by a pledge of all of the shares of Executive Common Stock purchased hereunder to the Company and in connection therewith therewith, Executive shall enter into a pledge agreement in the form of EXHIBIT ANNEX B attached hereto (the "Pledge Agreement")hereto.

Appears in 1 contract

Samples: Senior Management Agreement (Appnet Systems Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing"), the Company will sell to Executive and Executive will purchase 1,082 995 shares of Common Stock at a price of $10 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 $10.82 9.95 and a promissory note in the form of EXHIBIT A attached hereto in an aggregate principal amount of $10,809.18 9,940.05 (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")hereto.

Appears in 1 contract

Samples: Senior Management Agreement (U S Aggregates Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of ------------------------------------ this Agreement (the "Closing")Agreement, Executive will purchase, and the Company will sell to Executive and Executive will purchase 1,082 sell, 750 shares of Class B Common Stock at a price of $10 29.167 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 the aggregate amount of $10.82 4,375.05, and a promissory note in the form of EXHIBIT A Exhibit B attached hereto in an the --------- aggregate principal amount of $10,809.18 17,500.20 (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 Exhibit C attached hereto (the "Pledge Agreement").hereto. ---------

Appears in 1 contract

Samples: Exhibit 27 (Doyle Robert M)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing"), the Company will sell to Executive and Executive will purchase 1,082 810.50 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 $10.82 8.11 and a promissory note in the form of EXHIBIT A attached hereto in an aggregate principal amount of $10,809.18 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").

Appears in 1 contract

Samples: Senior Management Agreement (U S Aggregates Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing"), the Company will sell to Executive and Executive will purchase 1,082 1,438 shares of Common Stock at a price of $10 152.990264 per share. The Company will deliver to Executive the certificate representing such Common Stock, and Executive will deliver to the Company cash or a check or wire transfer of funds in an amount of $10.82 14.38 and a promissory note in the form of EXHIBIT A attached hereto in an aggregate principal amount of $10,809.18 219,985.62 (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")hereto.

Appears in 1 contract

Samples: Senior Management Agreement (U S Aggregates Inc)

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Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing")------------------------------------ Agreement, Executive will purchase, and the Company will sell to Executive and Executive will purchase 1,082 sell, 500 shares of Class B Common Stock at a price of $10 29.167 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 the aggregate amount of $10.82 2,916.70, and a promissory note in the form of EXHIBIT A Exhibit B attached hereto in an --------- the aggregate principal amount of $10,809.18 11,666.80 (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 Exhibit C attached hereto (the "Pledge Agreement").hereto. ---------

Appears in 1 contract

Samples: Executive Stock Agreement (Doyle Robert M)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing")Agreement, Executive will purchase, and the Company will sell to Executive and Executive will purchase 1,082 sell, 96 shares of Class B Common Stock at a price of $10 per share. The Company will deliver to Executive the certificate certificates representing such Class B Common Stock, and Executive will deliver to the Company a cashier's or certified check or wire transfer of funds in an the aggregate amount of $10.82 192 and a promissory note in the form of EXHIBIT Exhibit A attached hereto (an "Executive Note") in an aggregate principal amount of $10,809.18 (the "Executive Note")768. Executive's obligations under the such Executive Note will shall be secured by a pledge of all of the shares of Executive Stock to the Company Company, and in connection therewith therewith, Executive shall enter into a pledge agreement in the form of EXHIBIT Exhibit B attached hereto (the "Pledge Agreement").

Appears in 1 contract

Samples: Senior Management Agreement (MST Enterprises Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing")Agreement, Executive will purchase, and the Company will sell to Executive and Executive will purchase 1,082 sell, 180,000 shares of Common Stock at a price of $10 0.1055 per share. The Company will deliver to Executive the certificate certificates representing such Common Executive Stock, and Executive will deliver to the Company a check or wire transfer of funds in an the aggregate amount of $10.82 90.00 and a promissory note in the form of EXHIBIT ANNEX A attached hereto in an aggregate principal amount of $10,809.18 18,900 (the "Executive NoteEXECUTIVE NOTE"). Executive's obligations under the Executive Note will shall be secured by a pledge of all of the shares of Executive Common Stock purchased hereunder to the Company and in connection therewith therewith, Executive shall enter into a pledge agreement in the form of EXHIBIT ANNEX B attached hereto (the "Pledge Agreement")hereto.

Appears in 1 contract

Samples: Senior Management Agreement (Appnet Systems Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing")Agreement, Executive will purchase, and the Company will sell to Executive and Executive will purchase 1,082 sell, 140,000 shares of Common Stock at a price of $10 3.00 per share. The Company will deliver to Executive the certificate certificates representing such Common Executive Stock, and Executive will deliver to the Company a check or wire transfer of funds in an the aggregate amount of $10.82 70.00 and a promissory note notes in the form of EXHIBIT ANNEX A attached hereto in an aggregate principal amount of $10,809.18 419,930 (the "Executive NoteEXECUTIVE NOTES"). Executive's obligations under the Executive Note will Notes shall be secured by a pledge of all of the shares of Executive Common Stock purchased hereunder to the Company and in connection therewith therewith, Executive shall enter into a pledge agreement in the form of EXHIBIT ANNEX B attached hereto (the "Pledge Agreement")hereto.

Appears in 1 contract

Samples: Senior Management Agreement (Appnet Systems Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement (the "Closing"), the Company will sell to Executive and Executive will purchase 1,082 1,624 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 $10.82 16.24 and a promissory note in the form of EXHIBIT A attached hereto in an aggregate principal amount of $10,809.18 16,223.76 (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").

Appears in 1 contract

Samples: Senior Management Agreement (U S Aggregates Inc)

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