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, 2,663 shares of Class A Common Stock at a price of $100 per share. The Company shall deliver to Executive the certificate representing such shares of Company Stock, and Executive shall deliver to the Company a promissory note in the form of Annex A attached hereto in an aggregate principal amount of ------- $266,300 (the "Executive Note"). Executive's obligation under the Executive Note ---------------- shall be secured by a pledge of the 2,663 shares of Class A Common Stock purchased by Executive hereunder and in connection therewith, Executive shall enter into a pledge agreement in the form of Annex B attached hereto.

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 2,663 shares of Class A Common Stock at a price of $100 per share. The Company shall deliver to Executive the certificate representing such shares of Company Stock, and Executive shall deliver to the Company a promissory note in the form of Annex A attached hereto in an aggregate principal amount of ------- $266,300 (the "Executive Note"). Executive's obligation obligations under the Executive Note ---------------- shall be secured by a pledge of the 2,663 shares of Class A Common Executive Stock purchased by Executive hereunder to the Company, and in connection therewith, Executive shall enter into a pledge agreement in the form of Annex B attached hereto.

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 2,663 24 shares of Class A B Common Stock at a price of $100 10 per share. The Company shall will deliver to Executive the certificate certificates representing such shares of Company Class B Common Stock, and Executive shall will deliver to the Company a promissory note in the form of Annex Exhibit A attached hereto (an "Executive Note") in an aggregate principal amount of ------- $266,300 (the "Executive Note")240. Executive's obligation obligations under the such Executive Note ---------------- shall be secured by a pledge of all of the 2,663 shares of Class A Common Executive Stock purchased by Executive hereunder to the Company, and in connection therewith, Executive shall enter into a pledge agreement in the form of Annex Exhibit B attached heretohereto (the "Pledge Agreement").

Purchase and Sale of Executive Stock. (a) Upon execution of this Agreement, Executive shall will purchase, and the Company shall will sell, 2,663 12 shares of Class A B Common Stock at a price of $100 10 per share. The Company shall will deliver to Executive the certificate certificates representing such shares of Company Class B Common Stock, and Executive shall will deliver to the Company a promissory note in the form of Annex Exhibit A attached hereto (an "Executive Note") in an aggregate principal amount of ------- $266,300 (the "Executive Note")120. Executive's obligation obligations under the such Executive Note ---------------- shall be secured by a pledge of all of the 2,663 shares of Class A Common Executive Stock purchased by Executive hereunder to the Company, and in connection therewith, Executive shall enter into a pledge agreement in the form of Annex Exhibit B attached heretohereto (the "Pledge Agreement").