Common use of Investment Equity Clause in Contracts

Investment Equity. As soon as reasonably practicable following the Effective Date, Executive shall invest $100,000 in Holdings. Such investment (x) shall be in common stock of Holdings (“Common Stock”) that is economically equivalent to the securities acquired by AP VIII Queso Holdings L.P., a Delaware limited partnership (“Apollo”) and (y) shall be made at the Fair Market Value (as defined in that certain Investor Rights Agreement, dated as of August 21, 2014, by and among Holdings, Apollo, and certain other parties thereto) of the Common Stock as of the date of such investment.

Appears in 1 contract

Samples: Employment Agreement (Hospitality Distribution Inc)

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Investment Equity. As soon as reasonably practicable following the Effective Date, Executive shall invest $100,000 350,000 in Holdings. Such investment (x) shall be in common stock of Holdings ("Common Stock") that is economically equivalent to the securities acquired by AP VIII Queso Holdings L.P., a Delaware limited partnership ("Apollo") and (y) shall be made at the Fair Market Value (as defined in that certain Investor Rights Agreement, dated as of August 21, 2014, by and among Holdings, Apollo, and certain other parties thereto) of the Common Stock as of the date of such investment.

Appears in 1 contract

Samples: Employment Agreement (Cec Entertainment Inc)

Investment Equity. As soon as reasonably practicable following the Effective Date, Executive shall invest $100,000 500,000 in Holdings. Such investment (x) shall be in common stock of Holdings (“Common Stock”) that is economically equivalent to the securities acquired by AP VIII Queso Holdings L.P., a Delaware limited partnership (“Apollo”) ), in connection with the transactions contemplated by that certain Agreement and Plan of Merger, dated as of January 15, 2014, by and among Holdings, Q Merger Sub Inc., and the Company (the “Transaction”), and (y) shall be made at a valuation equal to Apollo’s investment (the Fair Market Value (as defined in that certain Investor Rights Agreement, dated as of August 21, 2014, by and among Holdings, Apollo, and certain other parties thereto) of the Common Stock as of the date of such investment“Investment Price”).

Appears in 1 contract

Samples: Employment Agreement (Hospitality Distribution Inc)

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Investment Equity. As soon as reasonably practicable following the Effective Date, Executive shall invest $100,000 750,000 in Holdings. Such investment (x) shall be in common stock of Holdings (“Common Stock”) that is economically equivalent to the securities acquired by AP VIII Queso Holdings L.P., a Delaware limited partnership (“Apollo”) in connection with the transactions contemplated by that certain Agreement and Plan of Merger, dated as of January 15, 2014, by and among Holdings, Q Merger Sub Inc., and the Company (the “Transaction”), and (y) shall be made at a valuation equal to Apollo’s investment (the Fair Market Value (as defined in that certain Investor Rights Agreement, dated as of August 21, 2014, by and among Holdings, Apollo, and certain other parties thereto) of the Common Stock as of the date of such investment“Investment Price”).

Appears in 1 contract

Samples: Employment Agreement (Hospitality Distribution Inc)

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