Common use of Determination of Repurchase Price Clause in Contracts

Determination of Repurchase Price. (a) The Section 7 Repurchase Price and the Section 8 Repurchase Price are hereinafter collectively referred to as the "Repurchase Price." The Repurchase Price shall be calculated on the basis of the unaudited financial statements of the Company or the Market Price Per Share (as defined in Section 9(e)) as of the last day of the month preceding the month in which the event giving rise to the repurchase occurs (the "Repurchase Calculation Date"). The event giving rise to the repurchase shall be the transfer, death, Permanent Disability, Permitted Retirement or termination of employment, or other event, as the case may be, not the giving of any notice required pursuant to Section 7 or 8. (b) The Section 7 Repurchase Price per Option Share shall be equal to the greater of the Market Price Per Share and the

Determination of Repurchase Price. (a) The Section 7 Repurchase Price and the Section 8 Repurchase Price are hereinafter collectively referred to as the "Repurchase Price." The Repurchase Price shall be calculated on the basis of the unaudited financial statements of the Company or the Market Price Per Share (as defined in Section 9(e)) as of the last day of the month preceding the month in which the event giving rise to the repurchase occurs (the "Repurchase Calculation Date"). The event giving rise to the repurchase shall be the transfer, death, Permanent Disability, Permitted Retirement Disability or termination cessation as a director of employmentthe Company for any other reason, or other event, as the case may be, not the giving of any notice required pursuant to Section 7 or 8. (b) The Section 7 Repurchase Price per Option Share shall be equal to the greater of the Market Price Per Share and thePer