Executive Securities. (a) With respect to the Vesting Executive Securities, within 30 days from the date hereof, the Executive will make an effective election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder in the form of Exhibit A attached hereto.
Executive Securities. (a) Upon execution of this Agreement, the Executive will purchase from Schwxxxxxx, xxd Schwxxxxxx xxxl sell to the Executive 21.16 units of Class A Common at a price of $8,637.29 per unit for an aggregate price of $182,765.0 (the "Purchase Price"). Schwxxxxxx xxxl deliver to the Executive certificates representing such units (either duly endorsed in blank or in the name of the Executive) and the Executive will deliver to Schwxxxxxx x xheck or wire transfer of immediately available funds in the aggregate amount equal to the Purchase Price.
Executive Securities. (a) Upon execution of this Agreement, the Executive will purchase, and Holdings will sell 50 units of Class A Common at a price of $2,500 per unit (the "Purchase Price"). Holdings will deliver to the Executive certificates representing such units and the Executive will deliver to Holdings (or its designee) a check or wire transfer of immediately available funds in the aggregate amount equal to the Purchase Price.
Executive Securities. Upon the execution of this Agreement, and subject to approval by the compensation committee of Solera Holdings, Inc. (i) the Company will issue to Executive pursuant to the 2007 LTIP Plan restricted stock units entitling Executive to receive an aggregate of 25,000 shares of Common Stock (the “RSUs”) and (ii) the Company will issue to Executive pursuant to the 2007 LTIP Plan an option to acquire 50,000 shares of Common Stock (the “Option”). The RSUs and the Option shall vest as to 25% of the shares subject thereto one year following the Effective Date, and as to an additional 6.25% of the shares subject thereto each three month period following thereafter, in each case subject to the definitive agreements entered by the Company and Executive establishing the RSUs and the Option. The RSUs, the Option, and any equity awards granted to Executive after the Effective Date are collectively referred to herein as “Executive Securities”. All shares of Common Stock issuable or issued upon each and every exercise of the Executive Securities are collectively referred to herein as “Common Shares”. Executive acknowledges and agrees that neither the issuance of the Executive Securities or the Common Shares to Executive nor any provision contained in this Section 1(d) shall entitle Executive to remain in the employment of the Company, Employer or their respective Subsidiaries or affect the right of the Company, Employer or their respective Subsidiaries to terminate Executive’s employment at any time for any reason, with or without notice or cause.
Executive Securities. 4 Executives .............................................................................. 4
Executive Securities. 3 GAAP..............................................................................................................
Executive Securities. (a) At the Closing, subject to the terms and conditions set forth herein, the LLC shall grant to the Executive, and the Executive shall acquire from the LLC, the number of Class B Units and Class C Units specified in the table on Schedule I attached hereto.
Executive Securities. (a) Upon the execution and delivery of this Agreement, (i) Executive will purchase, and the Company will sell, 25,000 shares of Common Stock with a value of $3.80 per share, the Company will deliver to Executive a copy of the certificate(s) representing such shares of Common Stock and Executive will deliver to the Company payment for such shares of Common Stock in an amount equal to $95,000.00; and, (ii) pending Board approval, Executive will receive, and the Company will grant, 75,000 shares of restricted stock with a value of $3.80 per share, and Company agrees to pay the tax liability applicable to the grant of such 75,000 shares upon receipt of Executive’s filing and accountant’s reconciliation by April 15, 2012 or such other date that such applicable tax liability becomes due. The Executive Securities are being delivered to the Executive in exchange for services to be provided by Executive, and such Executive Securities are subject to vesting, forfeiture and repurchase by the Company as more fully described herein. Notwithstanding anything herein to the contrary, the restricted stock grant described in Section 1(a)(ii) above is subject to vesting, forfeiture and repurchase by the Company according to the terms of a restricted stock agreement by and between the Company and Executive (the “Restricted Stock Agreement”). To the extent that any conflict may exist between any term or provision of this Agreement and any term or provision of the Restricted Stock Agreement with respect to the restricted stock grant described in Section 1(a)(ii) above, such term or provision of the Restricted Stock Agreement shall control.
