Common use of Price of Capital Stock Clause in Contracts

Price of Capital Stock. The "Put Price" to be paid for the Shareholder's Capital Stock will be determined as follows: (i) If the Shareholder's employment is terminated for "Cause" as defined in his Employment Agreement, or resigns, other than for "Good Reason" as defined in his Employment Agreement, the Put Price paid by the Company for the Capital Stock will be an amount equal to $1 per share. (ii) If the Shareholder's employment has terminated due to death or disability, the Put Price paid by the Company for the Capital Stock will be the greater of Implied Value or Equity Value. (iii) Prior to August 1, 2010, if the Shareholder's employment is terminated without "Cause" or by the Shareholder for "Good Reason," the Put Price paid by the Company for the Capital Stock will be the greater of Implied Value or Equity Value. (iv) After July 31, 2010, if the Shareholder's employment is terminated without "Cause" or by Shareholder for any reason, the Put Price paid by the Company for the Capital Stock will be Fair Market Value.

Appears in 2 contracts

Samples: Shareholder Agreement (Alon USA Energy, Inc.), Shareholder Agreement (Alon USA Energy, Inc.)

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Price of Capital Stock. The "Put Call Price" to be paid for the Shareholder's Capital Stock will be determined as follows: (i) If the Shareholder's employment is terminated for "Cause" as defined in his Employment Agreement, or resigns, other than for "Good Reason" as defined in his Employment Agreement, the Put Call Price paid by the Company for the Capital Stock will be an amount equal to $1 per share. (ii) If the Shareholder's employment has terminated due to death or disability, the Put Call Price paid by the Company for the Capital Stock will be the greater of Implied Value or Equity Value. (iii) Prior to August 1, 2010, if the Shareholder's employment is terminated without "Cause" or by the Shareholder for "Good Reason," the Put Call Price paid by the Company for the Capital Stock will be the greater of Implied Value or Equity Value. (iv) After July 31, 2010, if the Shareholder's employment is terminated without "Cause" or by Shareholder for any reason, the Put Call Price paid by the Company for the Capital Stock will be Fair Market Value.

Appears in 1 contract

Samples: Shareholder Agreement (Alon USA Energy, Inc.)

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Price of Capital Stock. The "Put Call Price" to be paid for the Shareholder's Capital Stock will be determined as follows: (i) If the Shareholder's employment is terminated for "Cause" as defined in his Employment Agreement, or resigns, other than for "Good Reason" as defined in his Employment Agreement, the Put Call Price paid by the Company for the Capital Stock will be an amount equal to $$ 1 per share. (ii) If the Shareholder's employment has terminated due to death or disability, the Put Call Price paid by the Company for the Capital Stock will be the greater of Implied Value or Equity Value. (iii) Prior to August 1, 2010, if the Shareholder's employment is terminated without "Cause" or by the Shareholder for "Good Reason," the Put Call Price paid by the Company for the Capital Stock will be the greater of Implied Value or Equity Value. (iv) After July 31, 2010, if the Shareholder's employment is terminated without "Cause" or by Shareholder for any reason, the Put Call Price paid by the Company for the Capital Stock will be Fair Market Value.

Appears in 1 contract

Samples: Shareholder Agreement (Alon USA Energy, Inc.)

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