Common use of Fair Market Value of Repurchased Shares Clause in Contracts

Fair Market Value of Repurchased Shares. (i) In the event that the fair market value of any shares of Executive Stock (the "Valued Stock") is relevant to the determination of ------------ the Repurchase Price for such shares under paragraph 3(c) above, a majority interest of the Company and/or any assignees of the Company's repurchase rights pursuant to paragraph 3(e) (based on the number of shares of Executive Stock to be purchased by each) and the holders of a majority of the Executive Stock to be repurchased shall attempt in good faith to agree on the fair market value of the Valued Stock. Any agreement reached by such Persons shall be final and binding on all parties hereto.

Appears in 4 contracts

Samples: Executive Stock Agreement and Employment Agreement (Focal Communications Corp), Executive Stock Agreement and Employment Agreement (Focal Communications Corp), Executive Stock Agreement and Employment Agreement (Focal Communications Corp)

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