Exercise Price and Terms. The Exercise Price shall be $1 (one) dollar provided however that FMC shall be permitted to withdraw the full balance of its capital account immediately upon exercise.
Exercise Price and Terms. The price at which LLC may purchase the Unity Stock shall be the then current net worth of Unity as of the date of said purchase plus any amounts UWS paid to CPN pursuant to the Previous Agreement that were not distributed as contract signing incentives to primary care physicians or used for the development, enhancement and maintenance of independent physician practices. The purchase price shall be paid in cash. Net worth shall be determined by applying the same accounting principles as were applied in determining the price at which UWS acquired the stock of Unity pursuant to the Previous Agreement. In the event LLC exercises its option provided herein, the assets and business of Unity shall include the remaining assets and business of Unity which existed immediately prior to the date of the Previous Agreement which have not been transferred, assigned or conveyed (including the groups and members which were then with HMOW) and subsequently acquired assets plus an equitable division of new business obtained by the Joint Venture, but shall not include other managed care business acquired by UWS with the Joint Venture or merged with the Joint Venture, including, without limitation, the business attributable to the UHC Joint Venture and its proportionate share of subsequent
Exercise Price and Terms. Each Warrant will entitle the holder thereof to purchase, at any time after issuance for a period of three years, one share of Common Stock at a price of $0.70 per share, subject to adjustment in accordance with the anti-dilution and other provisions referred to below. The Warrants expire three years after issuance unless extended at the sole option of the Board of Directors of the Company. The holder of any Warrant may exercise such Warrant by surrendering the certificate representing the Warrant to the Company, with the subscription attached to such certificate properly completed and executed, together with payment of the exercise price. The Warrants may be exercised in whole or in part at the applicable exercise price until the date of expiration of the Warrants. No fractional shares will be issued upon the exercise of the Warrants.
