Investment Opportunity. At the closing of the Merger in accordance with the Subscription Agreement, the Executive shall have purchased $145,833.33 in the aggregate of equity securities of the Parent in the same class and proportion, at the same price per unit and on the same terms as such securities were purchased by the Sponsor Purchasers. The Restricted Shares issued to the Executive pursuant to the Shareholders Agreement shall be treated as equity securities purchased by the Executive in satisfaction of the Executive's obligation to purchase a corresponding number of shares of equity securities under the Investor Subscription Agreement. As of the closing of the Merger, the Executive's ownership of these securities (other than the Restricted Shares) shall be fully vested.
Appears in 2 contracts
Samples: Employment Agreement (Southern Bottled Water Co Inc), Employment Agreement (Southern Bottled Water Co Inc)
Investment Opportunity. At the closing of the Merger in accordance with the Subscription Agreement, the Executive shall have purchased $145,833.33 291,666.67 in the aggregate of equity securities of the Parent in the same class and proportion, at the same price per unit and on the same terms as such securities were purchased by the Sponsor Purchasers. The Restricted Shares issued to the Executive pursuant to the Shareholders Agreement shall be treated as equity securities purchased by the Executive in satisfaction of the Executive's obligation to purchase a corresponding number of shares of equity securities under the Investor Subscription Agreement. As of the closing of the Merger, the Executive's ownership of these securities (other than the Restricted Shares) shall be fully vested.
Appears in 2 contracts
Samples: Employment Agreement (Southern Bottled Water Co Inc), Employment Agreement (Southern Bottled Water Co Inc)
Investment Opportunity. At the closing of the Merger in accordance with the Investor Subscription Agreement, the Executive shall have purchased $145,833.33 320,833.33 in the aggregate of equity securities of the Parent in the same class and proportion, at the same price per unit and on the same terms as such securities were purchased by the Sponsor Purchasers. The Restricted Shares issued to the Executive pursuant to the Shareholders Agreement shall be treated as equity securities purchased by the Executive in satisfaction of the Executive's obligation to purchase a corresponding number of shares of equity securities under the Investor Subscription Agreement. As of the closing of the Merger, the Executive's ownership of these securities (other than the Restricted Shares) shall be fully vested.
Appears in 1 contract
Samples: Employment Agreement (Southern Bottled Water Co Inc)
Investment Opportunity. At the closing of the Merger in accordance with the Subscription Agreement, the Executive shall have purchased $145,833.33 72,916.67 in the aggregate of equity securities of the Parent in the same class and proportion, at the same price per unit and on the same terms as such securities were purchased by the Sponsor Purchasers. The Restricted Shares issued to the Executive pursuant to the Shareholders Agreement shall be treated as equity securities purchased by the Executive in satisfaction of the Executive's obligation to purchase a corresponding number of shares of equity securities under the Investor Subscription Agreement. As of the closing of the Merger, the Executive's ownership of these securities (other than the Restricted Shares) shall be fully vested.
Appears in 1 contract
Samples: Employment Agreement (Southern Bottled Water Co Inc)
Investment Opportunity. At the closing of the Merger in accordance with the Investor Subscription Agreement, the Executive shall have purchased $145,833.33 189,583.33 in the aggregate of equity securities of the Parent in the same class and proportion, at the same price per unit and on the same terms as such securities were purchased by the Sponsor Purchasers. The Restricted Shares issued to the Executive pursuant to the Shareholders Agreement shall be treated as equity securities purchased by the Executive in satisfaction of the Executive's obligation to purchase a corresponding number of shares of equity securities under the Investor Subscription Agreement. As of the closing of the Merger, the Executive's ownership of these securities (other than the Restricted Shares) shall be fully vested.
Appears in 1 contract
Samples: Employment Agreement (Southern Bottled Water Co Inc)
Investment Opportunity. At the closing of the Merger in accordance with the Investor Subscription Agreement, the Executive shall have purchased $145,833.33 729,166.67 in the aggregate of equity securities of the Parent in the same class and proportion, at the same price per unit and on the same terms as such securities were purchased by the Sponsor Purchasers. The Restricted Shares issued to the Executive pursuant to the Shareholders Agreement shall be treated as equity securities purchased by the Executive in satisfaction of the Executive's obligation to purchase a corresponding number of shares of equity securities under the Investor Subscription Agreement. As of the closing of the Merger, the Executive's ownership of these securities (other than the Restricted Shares) shall be fully vested.
Appears in 1 contract
Samples: Employment Agreement (Southern Bottled Water Co Inc)