Common use of Share Repurchase Clause in Contracts

Share Repurchase. In the amounts specified on the Repurchase Schedule, the Employee and each of the Selling Affiliates hereby agree to sell and the Company hereby agrees to purchase (the “Repurchase”) on the date hereof (i) all vested shares of Restricted Stock held by the Employee and each Selling Affiliate at a price of $0.63 per share, which represents the average of the daily closing prices of the Company’s Common Stock during December, 2002 and (ii) all unvested shares of Restricted Stock held by the Employee and each Selling Affiliate at a per share price equal to the Per Share Price (as defined in the Restricted Stock Agreement) plus accrued interest (clauses (i) and (ii) hereof are referred to herein collectively as, the “Purchase Price”).