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

Purchase and Sale of Executive Stock. (a) Upon the execution and delivery of this Agreement, Executive shall purchase, and the Company shall sell, 750 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 $75,000.

Appears in 2 contracts

Samples: Seabright Insurance (Seabright Insurance Holdings Inc), Executive Stock Agreement (Seabright Insurance Holdings Inc)

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Purchase and Sale of Executive Stock. (a) Upon the execution and delivery of this Agreement, Executive shall purchase, and the Company shall sell, 750 500 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 $75,00050,000.

Appears in 2 contracts

Samples: Executive Stock Agreement (Seabright Insurance Holdings Inc), Executive Stock Agreement (Seabright Insurance Holdings Inc)

Purchase and Sale of Executive Stock. (a) Upon the execution and delivery of this Agreement, Executive shall purchase, and the Company shall sell, 750 1,000 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 $75,000100,000.

Appears in 1 contract

Samples: Executive Stock Agreement (Seabright Insurance Holdings Inc)

Purchase and Sale of Executive Stock. (a) Upon Pursuant to the execution and delivery terms of this Agreement, Executive shall will purchase, and the Company shall will sell, 750 an aggregate of [1] shares of Executive Common Stock at a price of $100.00 .10 per share. The At the time of such purchase, the Company shall will deliver to Executive the certificates representing such shares of Executive Stock, and Executive shall will deliver to the Company a wire transfer of funds [3] in the aggregate amount of $75,000[4].

Appears in 1 contract

Samples: Senior Management Agreement (Iconixx Corp)

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Purchase and Sale of Executive Stock. (a) Upon the execution and delivery of this Agreement, Executive shall purchase, and the Company shall sell, 750 1,250 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 $75,000125,000.

Appears in 1 contract

Samples: Executive Stock Agreement (Seabright Insurance Holdings Inc)

Purchase and Sale of Executive Stock. (a) Upon the execution and delivery of this Agreement, Executive shall purchase, and the Company shall sell, 750 60 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 $75,0006,000.

Appears in 1 contract

Samples: Executive Stock Agreement (Seabright Insurance Holdings Inc)

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