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

Purchase and Sale of Executive Stock. Upon execution of this ------------------------------------ Agreement, Executive will purchase, and the Company will sell, 250 shares of Class B Common Stock at a price of $29.167 per share. The Company will deliver to Executive the certificate representing such Common Stock, and Executive will deliver to the Company a check or wire transfer of funds in the aggregate amount of $1,458.35, and a promissory note in the form of Exhibit B attached hereto in --------- the aggregate amount of $5,833.40 (the "Executive Note"). Executive's -------------- obligations under the Executive Note will be secured by a pledge of all of the shares of Executive Stock to the Company and in connection therewith Executive shall enter into a pledge agreement in the form of Exhibit C attached --------- hereto.

Appears in 1 contract

Samples: Executive Stock Agreement (Doyle Robert M)

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Purchase and Sale of Executive Stock. Upon execution of ------------------------------------ this ------------------------------------ Agreement, Executive will purchase, and the Company will sell, 250 750 shares of Class B Common Stock at a price of $29.167 per share. The Company will deliver to Executive the certificate representing such Common Stock, and Executive will deliver to the Company a check or wire transfer of funds in the aggregate amount of $1,458.354,375.05, and a promissory note in the form of Exhibit B attached hereto in the --------- the aggregate amount of $5,833.40 17,500.20 (the "Executive Note"). Executive's -------------- obligations under the Executive Note will be secured by a pledge of all of the shares of Executive Stock to the Company and in connection therewith Executive shall enter into a pledge agreement in the form of Exhibit C attached --------- hereto.. ---------

Appears in 1 contract

Samples: Executive Stock Agreement (Doyle Robert M)

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Purchase and Sale of Executive Stock. Upon execution of this ------------------------------------ Agreement, Executive will purchase, and the Company will sell, 250 500 shares of Class B Common Stock at a price of $29.167 per share. The Company will deliver to Executive the certificate representing such Common Stock, and Executive will deliver to the Company a check or wire transfer of funds in the aggregate amount of $1,458.352,916.70, and a promissory note in the form of Exhibit B attached hereto in --------- the aggregate amount of $5,833.40 11,666.80 (the "Executive Note"). Executive's -------------- obligations under the Executive Note will be secured by a pledge of all of the shares of Executive Stock to the Company and in connection therewith Executive shall enter into a pledge agreement in the form of Exhibit C attached --------- hereto.. ---------

Appears in 1 contract

Samples: Executive Stock Agreement (Doyle Robert M)

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