Common use of Purchase of Restricted Stock Clause in Contracts

Purchase of Restricted Stock. Subject to the terms and conditions set forth in this Agreement, Parent hereby sells to the Executive, and the Executive hereby purchases from Parent, effective as of the Effective Date (which is the date hereof), 104.9382716 shares of Class A Common Stock of Parent (the “Restricted Shares”) for an aggregate purchase price of $123,722.22. The Board acknowledges to the Executive that such purchase price is the fair market value of the Restricted Shares on the Effective Date (the “Initial Value”), determined without regard to any restrictions applicable thereto other than restrictions which by their terms do not lapse. The Restricted Shares shall vest in accordance with Section 2 and Section 5 hereof.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Warner Music Group Corp.), Restricted Stock Award Agreement (Warner Music Group Corp.), Restricted Stock Award Agreement (Warner Music Group Corp.)

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Purchase of Restricted Stock. Subject to the terms and conditions set forth in this Agreement, Parent hereby sells to the Executive, and the Executive hereby purchases from Parent, effective as of the Effective Date (which is the date hereof), 104.9382716 212,0441 shares of Class A Common Stock of Parent (the “Restricted Shares”) for an aggregate purchase price of $123,722.22250,000.00. The Board acknowledges to the Executive that such purchase price is the fair market value of the Restricted Shares on the Effective Date (the “Initial Value”), determined without regard to any restrictions applicable thereto other than restrictions which by their terms do not lapse. The Restricted Shares shall vest in accordance with Section 2 and Section 5 hereof.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Warner Music Group Corp.), Restricted Stock Award Agreement (WMG Acquisition Corp)

Purchase of Restricted Stock. Subject to the terms and conditions set forth in this Agreement, Parent hereby sells to the Executive, and the Executive hereby purchases from Parent, effective as of the Effective Date (which is the date hereof), 104.9382716 104,9382716 shares of Class A Common Stock of Parent (the “Restricted Shares”) for an aggregate purchase price of $123,722.22S123,722,22. The Board acknowledges to the Executive that such purchase price is the fair market value of the Restricted Shares on the Effective Date (the “Initial Value”), determined without regard to any restrictions applicable thereto other than restrictions which by their terms do not lapse. The Restricted Shares shall vest in accordance with Section 2 and Section 5 hereof.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (LEM America, Inc)

Purchase of Restricted Stock. Subject to the terms and conditions set forth in this Agreement, Parent hereby sells to the Executive, and the Executive hereby purchases from Parent, effective as of the Effective Date (which is the date hereof), 104.9382716 787.037037 shares of Class A Common Stock of Parent (the “Restricted Shares”) for an aggregate purchase price of $123,722.22927,916.67. The Board acknowledges to the Executive that such purchase price is the fair market value of the Restricted Shares on the Effective Date (the “Initial Value”), determined without regard to any restrictions applicable thereto other than restrictions which by their terms do not lapse. The Restricted Shares shall vest in accordance with Section 2 and Section 5 hereof.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (LEM America, Inc)

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Purchase of Restricted Stock. Subject to the terms and conditions set forth in this Agreement, Parent hereby sells to the Executive, and the Executive hereby purchases from Parent, effective as of the Effective Date (which is the date hereof), 104.9382716 2,883.9136 shares of Class A Common Stock of Parent (the “Restricted Shares”) for an aggregate purchase price of $123,722.222,883,913.60. The Board acknowledges to the Executive that such purchase price is the fair market value of the Restricted Shares on the Effective Date (the “Initial Value”), determined without regard to any restrictions applicable thereto other than restrictions which by their terms do not lapse. The Restricted Shares shall vest in accordance with Section 2 and Section 5 hereof.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (LEM America, Inc)

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