Common use of Common Stock Ownership Clause in Contracts

Common Stock Ownership. No later than five (5) years after the date the Company's Common Stock is listed on a United States stock exchange and at all times thereafter during the Executive's employment by the Company, the Executive must own, directly or beneficially, Common Stock of the Company with an aggregate fair market value equal to (i) one times his Base Salary; or (ii) such greater amount as is required under the current ownership guidelines, if any, as may be established by the Board of Directors of the Company, provided, however, that in no event shall the Executive be required to own Common Stock having a value equal to more than three (3) times his Base Salary. To the extent permitted under applicable law and subject to agreement between the Executive and the Company, the Company may assist the Executive in obtaining financing to effectuate the purchases of Common Stock necessary to meet the requirements of this section which may include Company guarantees and adjustment of incentive and bonus programs to provide that up to fifty percent (50%) of any awards may be paid in Common Stock to an Executive who does not meet the requirements of this section.