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

Purchase and Sale of Executive Stock. 1. On the Effective Date, Executive shall purchase from the Company, and the Company shall sell to Executive 4,193.33 shares of Common Stock at a price of $100 per share, which shares shall be subject to vesting as provided herein (the “Vesting Shares”), for an aggregate purchase price of $419,333. On the Effective Date, the Company shall deliver to Executive stock certificates representing the Vesting Shares, and Executive shall deliver to the Company the aggregate purchase price for the Vesting Shares in the manner provided in Section 2.

Appears in 1 contract

Samples: Executive Agreement (Roundy's Parent Company, Inc.)

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Purchase and Sale of Executive Stock. 1. On the Effective Date, Executive shall purchase from the Company, and the Company shall sell to Executive 4,193.33 2,096.67 shares of Common Stock at a price of $100 per share, which shares shall be subject to vesting as provided herein (the "Vesting Shares"), for an aggregate purchase price of $419,333209,667. On the Effective Date, the Company shall deliver to Executive stock certificates representing the Vesting Shares, and Executive shall deliver to the Company the aggregate purchase price for the Vesting Shares in the manner provided in Section 2.

Appears in 1 contract

Samples: Executive Agreement (Jondex Corp)

Purchase and Sale of Executive Stock. 1. On the Effective Date, Executive shall purchase from the Company, and the Company shall sell to Executive 4,193.33 shares of Common Stock at a price of $100 per share, which shares shall be subject to vesting as provided herein (the "Vesting Shares"), for an aggregate purchase price of $419,333. On the Effective Date, the Company shall deliver to Executive stock certificates representing the Vesting Shares, and Executive shall deliver to the Company the aggregate purchase price for the Vesting Shares in the manner provided in Section 2.

Appears in 1 contract

Samples: Executive Agreement (Jondex Corp)

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Purchase and Sale of Executive Stock. 1. On the Effective Date, Executive shall purchase from the Company, and the Company shall sell to Executive 4,193.33 2,096.67 shares of Common Stock at a price of $100 per share, which shares shall be subject to vesting as provided herein (the “Vesting Shares”), for an aggregate purchase price of $419,333209,667. On the Effective Date, the Company shall deliver to Executive stock certificates representing the Vesting Shares, and Executive shall deliver to the Company the aggregate purchase price for the Vesting Shares in the manner provided in Section 2.

Appears in 1 contract

Samples: Executive Agreement (Roundy's Parent Company, Inc.)

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