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

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 10,000 shares of Class A Common at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 per share. The Company shall deliver to Executive a copy of the certificates representing such shares of Common Stock, and Executive shall deliver to the Company a cashier's or certified check or wire transfer of funds in the

Appears in 3 contracts

Samples: Executive Stock Agreement (Corinthian Colleges Inc), Executive Stock Agreement (Corinthian Colleges Inc), Executive Stock Agreement (Corinthian Colleges Inc)

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Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 10,000 700,000 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 0.01 per share. The Company shall will deliver to Executive a copy of the certificates representing such shares of Common Executive Stock, and Executive shall will deliver to the Company a cashier's or certified check or wire transfer of funds in thethe aggregate amount of $7,000.

Appears in 2 contracts

Samples: Senior Management Agreement (Answerthink Inc), Senior Management Agreement (Answer Think Consulting Group Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 10,000 105,000 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 .50 per share. The Company shall will deliver to Executive a copy of the certificates representing such shares of Common Executive Stock, and Executive shall will deliver to the Company a cashier's or certified check or wire transfer of funds in thethe aggregate amount of $4,606.88 and a promissory note in the form of Exhibit A attached hereto in an aggregate --------- principal amount of $47,893.13 (the "Executive Note"). --------------

Appears in 2 contracts

Samples: Senior Management Agreement (Zefer Corp), Senior Management Agreement (Zefer Corp)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 10,000 (i) 1,000 shares of Class A Common at a price of $10.00 per share and 2,500 69,512.82 shares of Class B Common at a price of $10.00 1.00 per share and (ii) 1,794.87 shares of Preferred Stock at a price of $100.00 per share. The Company shall deliver to Executive a copy of the certificates certificate representing such shares of Common Stock, and Executive shall deliver to the Company a cashier's or certified check or a wire transfer of funds in thethe aggregate amount of $250,000.00.

Appears in 1 contract

Samples: Employment and Stock Purchase Agreement (Plainwell Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 10,000 280,000 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 0.0025 per share. The Company shall will deliver to Executive a copy of the certificates representing such shares of Common Executive Stock, and Executive shall will deliver to the Company a cashier's or certified check or wire transfer of funds in thethe aggregate amount of $700.

Appears in 1 contract

Samples: Executive Agreement (Answerthink Consulting Group Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 10,000 760,000 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 .50 per share. The Company shall will deliver to Executive a copy of the certificates representing such shares of Common Executive Stock, and Executive shall will deliver to the Company a cashier's or certified check or wire transfer of funds in thethe aggregate amount of $1,900.00 and a promissory note in the form of Exhibit A attached hereto in an aggregate --------- principal amount of $378,100.00 (the "Executive Note"). --------------

Appears in 1 contract

Samples: Senior Management Agreement (Zefer Corp)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 10,000 300,000 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 0.01 per share. The Company shall will deliver to Executive a copy of the certificates representing such shares of Common Executive Stock, and Executive shall will deliver to the Company a cashier's or certified check or wire transfer of funds in thethe aggregate amount of $3,000.

Appears in 1 contract

Samples: Senior Management Agreement (Answer Think Consulting Group Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 10,000 3,954,812.83 shares of Class A Common Stock at a price of $10.00 0.05 per share and 2,500 3,302.25936 shares of Class B Common A Preferred at a price of $10.00 1,000.00 per share. The Company shall will deliver to Executive a copy copies of the certificates representing such shares of Common Executive Stock, and Executive shall will deliver to the Company a cashier's ’s or certified check or wire transfer of immediately available funds in thethe aggregate amount of $3,500,000.00 as payment for such Class A Preferred and Common Stock.

Appears in 1 contract

Samples: Senior Management Agreement (VeriFone Holdings, Inc.)

Purchase and Sale of Executive Stock. (a) Upon the execution and delivery of this Agreement, Executive shall purchase, and the Company shall sell, 10,000 19,000 shares of Class A Common Stock at a price of $10.00 0.10 per share and 2,500 70.819 shares of Class B Common Preferred Stock at a price of $10.00 1,000.00 per share. The Company shall deliver to Executive a copy of the certificates representing such shares of Common Executive Stock, and Executive shall deliver to the Company a cashier's or certified check or wire transfer of funds in thethe aggregate amount of $70,819.00.

Appears in 1 contract

Samples: Executive Stock Agreement (Physicians Formula Holdings, Inc.)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 10,000 300,000 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 0.34 per share. The Company shall will deliver to Executive a copy of the certificates representing such shares of Common Executive Stock, and Executive shall will deliver to the Company a cashier's or certified check or wire transfer of funds in thethe aggregate amount of $27,195.48 and a promissory note in the form of Exhibit A attached hereto in an aggregate --------- principal amount of $74,804.52 (the "Executive Note"). --------------

Appears in 1 contract

Samples: Senior Management Agreement (Zefer Corp)

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Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 10,000 5,605.97 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 0.01 per share. The Company shall deliver to Executive a copy of the certificates certificate representing such shares of Common StockStock (subject to Section 1(b) below), and Executive shall deliver to the Company a cashier's or certified check or wire transfer in the aggregate amount of funds in the$56.06.

Appears in 1 contract

Samples: Restricted Stock Agreement (WII Components, Inc.)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 10,000 3,363.58 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 0.01 per share. The Company shall deliver to Executive a copy of the certificates certificate representing such shares of Common StockStock (subject to Section 1(b) below), and Executive shall deliver to the Company a cashier's or certified check or wire transfer in the aggregate amount of funds in the$33.64.

Appears in 1 contract

Samples: Restricted Stock Agreement (WII Components, Inc.)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 10,000 110,000 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 .50 per share. The Company shall will deliver to Executive a copy of the certificates representing such shares of Common Executive Stock, and Executive shall will deliver to the Company a cashier's or certified check or wire transfer of funds in thethe aggregate amount of $4,826.25 and a promissory note in the form of Exhibit A attached hereto in an aggregate --------- principal amount of $50,173.75 (the "Executive Note"). --------------

Appears in 1 contract

Samples: Senior Management Agreement (Zefer Corp)

Purchase and Sale of Executive Stock. (a) Upon the execution and delivery of this Agreement, Executive shall purchase, and the Company shall sell, 10,000 4,750 shares of Class A Common Stock at a price of $10.00 0.10 per share and 2,500 17.705 shares of Class B Common Preferred Stock at a price of $10.00 1,000.00 per share. The Company shall deliver to Executive a copy of the certificates representing such shares of Common Executive Stock, and Executive shall deliver to the Company a cashier's or certified check or wire transfer of funds in thethe aggregate amount of $17,705.

Appears in 1 contract

Samples: Executive Stock Agreement (Physicians Formula Holdings, Inc.)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 10,000 shares of Class A Common at a price of $10.00 per share and 2,500 5,000 shares of Class B Common at a price of $10.00 per share. The Company shall deliver to Executive a copy of the certificates representing such shares of Common Stock, and Executive shall deliver to the Company a cashier's or certified check or wire transfer of funds in the

Appears in 1 contract

Samples: Executive Stock Agreement (Corinthian Colleges Inc)

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 10,000 8,408.95 shares of Class A Common Stock at a price of $10.00 per share and 2,500 shares of Class B Common at a price of $10.00 0.01 per share. The Company shall deliver to Executive a copy of the certificates certificate representing such shares of Common StockStock (subject to Section 1(b) below), and Executive shall deliver to the Company a cashier's or certified check or wire transfer in the aggregate amount of funds in the$84.09.

Appears in 1 contract

Samples: Restricted Stock Agreement (WII Components, Inc.)

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