Common use of Amount of Common Stock Clause in Contracts

Amount of Common Stock. Pursuant to the Plan, the Employee shall be permitted to purchase, in the Company's currently pending underwritten public offering of Common Stock (the "Public Offering") or from the Company, as determined by the Company, shares of Common Stock with an aggregate value of up to $999,990.50 (the "Shares"), which amount shall not exceed five (5) times the Employee's current annual base salary. Such purchase must occur, if at all, on or within thirty (30) days following the Effective Date, or the rights granted in Section 1 and this Section shall terminate.

Appears in 2 contracts

Samples: Participation Agreement (Orthodontic Centers of America Inc /De/), Participation Agreement (Orthodontic Centers of America Inc /De/)

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Amount of Common Stock. Pursuant to the Plan, the Employee shall be permitted to purchase, in the Company's currently pending underwritten public offering of Common Stock (the "Public Offering") or from the Company, as determined by the Company, shares of Common Stock with an aggregate value of up to $999,990.50 499,999.75 (the "Shares"), which amount shall not exceed five (5) times the Employee's current annual base salary. Such purchase must occur, if at all, on or within thirty (30) days following the Effective Date, or the rights granted in Section 1 and this Section shall terminate.

Appears in 1 contract

Samples: Participation Agreement (Orthodontic Centers of America Inc /De/)

Amount of Common Stock. Pursuant to the Plan, the Employee shall be permitted to purchase, in the Company's currently pending underwritten public offering of Common Stock (the "Public Offering") or from the Company, as determined by the Company, shares of Common Stock with an aggregate value of up to $999,990.50 269,995.25 (the "Shares"), which amount shall not exceed five (5) times the Employee's current annual base salary. Such purchase must occur, if at all, on or within thirty (30) days following the Effective Date, or the rights granted in Section 1 and this Section shall terminate.

Appears in 1 contract

Samples: Participation Agreement (Orthodontic Centers of America Inc /De/)

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Amount of Common Stock. Pursuant to the Plan, the Employee shall be permitted to purchase, in the Company's currently pending underwritten public offering of Common Stock (the "Public Offering") or from the Company, as determined by the Company, shares of Common Stock with an aggregate value of up to $999,990.50 799,992.50 (the "Shares"), which amount shall not exceed five (5) times the Employee's current annual base salary. Such purchase must occur, if at all, on or within thirty (30) days following the Effective Date, or the rights granted in Section 1 and this Section shall terminate.

Appears in 1 contract

Samples: Participation Agreement (Orthodontic Centers of America Inc /De/)

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