Common use of Purchase and Sale of Executive Securities Clause in Contracts

Purchase and Sale of Executive Securities. (a) Initial Capital Contribution and Issuance of Executive Securities. Upon execution of this Agreement, Executive shall make a capital contribution to the LLC in the amount of $45,004.50 (Executive's "Initial Capital Contribution") in exchange for, and the LLC shall issue to Executive, 450,045 Class B Units having the rights, obligations, and preferences set forth with respect thereto in the LLC Agreement. The Executive shall make such Initial Capital Contribution to the LLC by delivery to the LLC of a cashier's or certified check, or wire transfer of immediately available funds to an account designated by the LLC, in the aggregate amount equal to such Executive's Initial Capital Contribution. The aggregate amount of the Initial Capital Contribution made with respect to each Class B Unit issued hereunder shall be considered a Basic Contribution made with respect to such Class B Unit. Subsequent Contributions to the LLC shall be made by the Executive in respect of such Class B Units on the terms and conditions set forth in the LLC Agreement.

Purchase and Sale of Executive Securities. (a) Initial Capital Contribution and Issuance of Executive Securities. Upon execution of this Agreement, Executive shall make a capital contribution to the LLC in the amount of $45,004.50 90,009 (Executive's "Initial Capital Contribution") in exchange for, and the LLC shall issue to Executive, 450,045 900,090 Class B Units having the rights, obligations, and preferences set forth with respect thereto in the LLC Agreement. The Executive shall make such Initial Capital Contribution to the LLC by delivery to the LLC of a cashier's or certified check, or wire transfer of immediately available funds to an account designated by the LLC, in the aggregate amount equal to such Executive's Initial Capital Contribution. The aggregate amount of the Initial Capital Contribution made with respect to each Class B Unit issued hereunder shall be considered a Basic Contribution made with respect to such Class B Unit. Subsequent Contributions to the LLC shall be made by the Executive in respect of such Class B Units on the terms and conditions set forth in the LLC Agreement.

Purchase and Sale of Executive Securities. (a) Initial Capital Contribution and Issuance of Executive Securities. Upon execution of this Agreement, Executive shall make a capital contribution to the LLC in the amount of $45,004.50 27,002.70 (Executive's "Initial Capital Contribution") in exchange for, and the LLC shall issue to Executive, 450,045 270,027 Class B Units having the rights, obligations, and preferences set forth with respect thereto in the LLC Agreement. The Executive shall make such Initial Capital Contribution to the LLC by delivery to the LLC of a cashier's or certified check, or wire transfer of immediately available funds to an account designated by the LLC, in the aggregate amount equal to such Executive's Initial Capital Contribution. The aggregate amount of the Initial Capital Contribution made with respect to each Class B Unit issued hereunder shall be considered a Basic Contribution made with respect to such Class B Unit. Subsequent Contributions to the LLC shall be made by the Executive in respect of such Class B Units on the terms and conditions set forth in the LLC Agreement.

Purchase and Sale of Executive Securities. (a) Initial Capital Contribution and Issuance of Executive Securities. Upon execution of this Agreement, Executive shall make a capital contribution to the LLC in the amount of $45,004.50 186,336.00 (Executive's "Initial Capital Contribution") in exchange for, and the LLC shall issue to Executive, 450,045 186,336 Class B Units having the rights, obligations, and preferences set forth with respect thereto in the LLC Agreement. The Executive shall make such Initial Capital Contribution to the LLC by delivery to the LLC of a cashier's or certified check, or wire transfer of immediately available funds to an account designated by the LLC, in the aggregate amount equal to such Executive's Initial Capital Contribution. The aggregate amount of the Initial Capital Contribution made with respect to each Class B Unit issued hereunder shall be considered a Basic Contribution made with respect to such Class B Unit. Subsequent Contributions to the LLC shall be made by the Executive in respect of such Class B Units on the terms and conditions set forth in the LLC Agreement.