Minimum Per Share Spread Sample Clauses

Minimum Per Share Spread. Not Achieved During Each 10-day Period During Three-Year Term. The average closing price of the Common Stock during each and every 10 trading day period that occurs during an open officers' trading window and that commences six months after the Effective Date and ends on or before the Payment Date is less than the sum of (i) $4.67 ($7,000,000 divided by 1,500,000) plus (ii) the exercise price per share of the 1,500,000 Share Option. See Exhibit C for an example of this paragraph (b). For this purpose, an "open officers' trading window" means a period during which officers of the Company are permitted to trade in the Company's Common Stock under the Company's insi▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇icy; and