Common use of Purchased Shares Clause in Contracts

Purchased Shares. The Company hereby sells to the Employee and Employee hereby purchases from the Company, the Purchased Shares set forth on Annex 1 for the price per Share set forth in Annex 1, subject to adjustment as set forth in paragraph 7 of the Note (as defined below). In consideration for the Purchased Shares, the Employee agrees concurrently as a condition to such purchase (i) to execute and deliver a promissory note (the "Note") for the principal amount set forth on Annex 1, in the form attached hereto as Exhibit B, the payment of which is being secured by a pledge of the Shares and additional shares of Common Stock as set forth in the Pledge Agreement (as defined herein), (ii) to deliver a check payable to the Company in the amount of the par value of the Purchased Shares, and (iii) to execute and deliver a Stock Pledge Agreement (the "Pledge Agreement") in the form attached hereto as Exhibit C. The Shares shall be subject to the restrictions and other terms and conditions set forth herein, including without limitation, the forfeiture restrictions set forth in Article IV hereof. The certificates representing the Shares subject to the forfeiture restrictions under Article IV shall be held in escrow by the Secretary of the Company as provided in, and in accordance with, Article V. Employee hereby agrees to deliver to the Secretary of the Company ten (10) originals of a duly executed blank Assignment Separate from Certificate (in the form attached hereto as Exhibit A).

Purchased Shares. The On the Award Date, the Company hereby sells sold to the Employee and Employee hereby purchases purchased from the Company, the Purchased Shares set forth on Annex 1 for the price per Share set forth in Annex 1, subject to adjustment as set forth in paragraph 7 of the Note (as defined below). In consideration for the Purchased Shares, the Employee agrees Employee, concurrently with the execution of the Original Agreement as a condition to such purchase purchase, (i) to execute executed and deliver delivered a promissory note (the "“Note"”) for the principal amount set forth on Annex 1, in the form attached hereto as Exhibit B, the payment of which is being secured by a pledge of the Shares and additional shares of Common Stock as set forth in the Pledge Agreement (as defined herein), (ii) to deliver delivered a check payable to the Company in the amount of the par value of the Purchased Shares, and (iii) to execute executed and deliver delivered a Stock Pledge Agreement (the "“Pledge Agreement"”) in the form attached hereto as Exhibit C. The Shares shall be are subject to the restrictions and other terms and conditions set forth herein, including without limitation, the forfeiture restrictions set forth in Article IV hereof. The certificates representing the Shares subject to the forfeiture restrictions under Article IV shall be held in escrow by the Secretary of the Company as provided in, and in accordance with, Article V. Upon the Award Date, Employee hereby agrees to deliver delivered to the Secretary of the Company ten (10) originals of a duly executed blank Assignment Separate from Certificate (in the form attached hereto as Exhibit A).

Purchased Shares. The Company hereby sells to the Employee and ---------------- Employee hereby purchases from the Company, the Purchased Shares set forth on Annex 1 for the price per Share set forth in Annex 1, subject to adjustment as set forth in paragraph 7 of the Note (as defined below). In consideration for the Purchased Shares, the Employee agrees concurrently as a condition to such purchase (i) to execute and deliver a promissory note (the "Note") for the principal amount set forth on Annex 1, in the form attached hereto as Exhibit B, the payment of which is being secured by a pledge of the Shares and additional shares of Common Stock as set forth in the Pledge Agreement (as defined herein)Shares, (ii) to deliver a check payable to the Company in the amount of the par value of the Purchased Shares, and (iii) to execute and deliver a Stock Pledge Agreement (the "Pledge Agreement") in the form attached hereto as Exhibit C. The Shares shall be subject to the restrictions and other terms and conditions set forth herein, including without limitation, the forfeiture restrictions set forth in Article IV hereof. The certificates representing the Shares subject to the forfeiture restrictions under Article IV shall be held in escrow by the Secretary of the Company as provided in, and in accordance with, Article V. Employee hereby agrees to deliver to the Secretary of the Company ten (10) originals of a duly executed blank Assignment Separate from Certificate (in the form attached hereto as Exhibit A).

Purchased Shares. The On the Award Date, the Company hereby sells sold to the Employee and Employee hereby purchases purchased from the Company, the Purchased Shares set forth on Annex 1 for the price per Share set forth in Annex 1, subject to adjustment as set forth in paragraph 7 of the Note (as defined below). In consideration for the Purchased Shares, the Employee agrees Employee, concurrently with the execution of the Original Agreement as a condition to such purchase purchase, (i) to execute executed and deliver delivered a promissory note (the "“Note"”) for the principal amount set forth on Annex 1, in the form attached hereto as Exhibit B, the payment of which is being secured by a pledge of the Shares and additional shares of Common Stock as set forth in the Pledge Agreement (as defined herein)Shares, (ii) to deliver delivered a check payable to the Company in the amount of the par value of the Purchased Shares, and (iii) to execute executed and deliver delivered a Stock Pledge Agreement (the "“Pledge Agreement"”) in the form attached hereto as Exhibit C. The Shares shall be are subject to the restrictions and other terms and conditions set forth herein, including without limitation, the forfeiture restrictions set forth in Article IV hereof. The certificates representing the Shares subject to the forfeiture restrictions under Article IV shall be held in escrow by the Secretary of the Company as provided in, and in accordance with, Article V. Upon the Award Date, Employee hereby agrees to deliver delivered to the Secretary of the Company ten (10) originals of a duly executed blank Assignment Separate from Certificate (in the form attached hereto as Exhibit A).

Purchased Shares. The Company hereby sells to the Employee and ---------------- Employee hereby purchases from the Company, the Purchased Shares set forth on Annex 1 for the price per Share set forth in Annex 1, subject to adjustment as set forth in paragraph 7 of the Note (as defined below). In consideration for the Purchased Shares, the Employee agrees concurrently as a condition to such purchase (i) to execute and deliver a promissory note (the "Note") for the principal amount set forth on Annex 1, in the form attached hereto as Exhibit B, the payment of which is being secured by a pledge of the Shares and additional shares of Common Stock as set forth in the Pledge Agreement (as defined herein), (ii) to deliver a check payable to the Company in the amount of the par value of the Purchased Shares, and (iii) to execute and deliver a Stock Pledge Agreement (the "Pledge Agreement") in the form attached hereto as Exhibit C. The Shares shall be subject to the restrictions and other terms and conditions set forth herein, including without limitation, the forfeiture restrictions set forth in Article IV hereof. The certificates representing the Shares subject to the forfeiture restrictions under Article IV shall be held in escrow by the Secretary of the Company as provided in, and in accordance with, Article V. Employee hereby agrees to deliver to the Secretary of the Company ten (10) originals of a duly executed blank Assignment Separate from Certificate (in the form attached hereto as Exhibit A).

Purchased Shares. The Company hereby sells to the Employee and Employee hereby purchases from the Company, the Purchased Shares set forth on Annex 1 for the price per Share set forth in Annex 1, subject to adjustment as set forth in paragraph 7 of the Note (as defined below). In consideration for the Purchased Shares, the Employee agrees concurrently as a condition to such purchase (i) to execute and deliver a promissory note (the "Note") for the principal amount set forth on Annex 1, in the form attached hereto as Exhibit B, the payment of which is being secured by a pledge of the Shares and additional shares of Common Stock as set forth in the Pledge Agreement (as defined herein)Shares, (ii) to deliver a check payable to the Company in the amount of the par value of the Purchased Shares, and (iii) to execute and deliver a Stock Pledge Agreement (the "Pledge Agreement") in the form attached hereto as Exhibit C. The Shares shall be subject to the restrictions and other terms and conditions set forth herein, including without limitation, the forfeiture restrictions set forth in Article IV hereof. The certificates representing the Shares subject to the forfeiture restrictions under Article IV shall be held in escrow by the Secretary of the Company as provided in, and in accordance with, Article V. Employee hereby agrees to deliver to the Secretary of the Company ten (10) originals of a duly executed blank Assignment Separate from Certificate (in the form attached hereto as Exhibit A).