Common use of Principal Amount and Terms Clause in Contracts

Principal Amount and Terms. The principal amount of the Purchase Note shall be (i) $2,660,517.63, which shall equal the Net Aggregate Purchase Price plus (ii) $185,442.63 for the payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.91% per annum (the “Note Interest Rate”), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31, 2002, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12, 2010 unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be (i) $2,660,517.635,123,000, which shall equal the (i) the Net Aggregate Purchase Price plus (ii) $185,442.63 431,000 for the payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.915.27% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20021999, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12June 7, 2010 2008, unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be $9,466,232.91 which shall equal the (i) $2,660,517.63, which shall equal the Net Aggregate Purchase Price plus (ii) $185,442.63 334,502.91 for the payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.914.89% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20021999, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12August 6, 2010 2002, unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be (i) $2,660,517.63300,000, which shall equal the Net Aggregate Purchase Price plus (ii) $185,442.63 for the payment of taxes associated with the exercise of the OptionPrice. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.915.27% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20021999, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12June 7, 2010 2008 unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be (i) $2,660,517.63411,783, which shall equal (i) the Net Aggregate Purchase Price plus (ii) $185,442.63 for the 36,783 payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.915.27% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20021999, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12June 7, 2010 2008 unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be (i) $2,660,517.631,177,462.50, which shall equal the Net Aggregate Purchase Price plus (ii) $185,442.63 50,000 for the payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.914.980% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20022001, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12March 2, 2010 unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be (i) $2,660,517.631,183,129.18, which shall equal the Net Aggregate Purchase Price plus (ii) $185,442.63 36,887 for the payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.914.980% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20022001, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12March 7, 2010 unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be (i) $2,660,517.632,198,866.59, which shall equal the Net Aggregate Purchase Price plus (ii) $185,442.63 79,437 for the payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.914.980% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20022001, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12March 13, 2010 unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be (i) $2,660,517.631,868,518, which shall equal the (i) the Net Aggregate Purchase Price plus (ii) $185,442.63 107,098 for the payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.915.27% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20021999, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12June 7, 2010 2008 unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be (i) $2,660,517.63175,006.43, which shall equal the Net Aggregate Purchase Price plus (ii) $185,442.63 2,967 for the payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.914.980% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20022001, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12March 13, 2010 unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.

Principal Amount and Terms. The principal amount of the Purchase Note shall be $2,944,712, equal (i) $2,660,517.63, which shall equal the Net Aggregate Purchase Price plus (ii) $185,442.63 for the 229,232 payment of taxes associated with the exercise of the Option. Optionee will provide an affidavit or other evidence reasonably satisfactory to the Committee of the basis for computing the amount set forth in clause (ii) of the preceding sentence. Following consultation with the Optionee, the Company shall be entitled to withhold from the loan proceeds (and if sufficient loan proceeds in excess of the Net Aggregate Purchase Price do not exist, from Optionee’s 's salary) and to deliver to taxing authorities such tax withholding amounts as may be required by law. The Purchase Note shall accrue interest at the rate of 3.915.27% per annum (the “"Note Interest Rate”"), payable in cash, quarterly in arrears, on each March 31, June 30, September 30 and December 31, beginning March 31June 30, 20021999, until the principal amount and all other amounts due under the Purchase Note are paid in full. Interest shall be computed on the basis of a year with twelve 30-day months, and the actual days elapsed. The principal amount of the Purchase Note, together with all accrued but unpaid interest and all other amounts due thereunder, shall be payable in full on December 12June 7, 2010 2008, unless earlier accelerated in accordance with the terms of this Agreement or the Purchase Note. Upon the request of the Optionee, and at the sole and absolute discretion of the Committee, such date may be extended, but shall not in any case be extended beyond the tenth anniversary of the Date of Exercise hereof. The payment of the Purchase Note shall be accelerated and all amounts due thereunder shall be immediately payable (i) sixty days following the termination of the Optionee’s 's Employment or (ii) in the event the Fair Market Value of the Exercise Shares shall, for twenty consecutive trading days, equal or exceed $50.00 per share, as adjusted for stock splits, stock dividends or similar occurrences, as determined by the Committee, after the date hereof.