Common use of Company Stock Option Clause in Contracts

Company Stock Option. Subject to the terms and conditions set forth in this Agreement, the Stockholder hereby grants to the Company an option (the "Company Option") to purchase from the Stockholder at any time, from and after the date hereof, all of the shares (the "Shares") of Common Stock then outstanding at an aggregate purchase price equal to the fair market value of the Shares as determined by agreement between the Company and the Stockholder, but in no event an amount greater than $100,000 (the "Company Exercise Price"). The Stockholder hereby acknowledges and agrees that the Company has superior knowledge and experience with respect to the fair market value of the equity of medical practices which have entered into operating agreements similar to the Operating Agreement. In the event that the Company and the Stockholder are, after good faith negotiation, unable to agree upon the fair market value of the Shares, the Stockholder hereby agrees that the Company, in its sole discretion, shall determine fair market value. The Company shall make such determination in good faith and based on its knowledge and experience.