Purchase of Restricted Stock. If the granted Shares are subject to a purchase price, as set forth in Section 1 above, the Awardee shall have the right to purchase such Shares at the specified purchase price in accordance with such procedures as may be established by the Administrator from time to time. During any California Qualification Period, the Awardee may not transfer the right to purchase Shares under this Award other than by will, by the laws of descent and distribution, or as permitted by Rule 701 of the Securities Act of 1933, as amended, as the Administrator may determine.
Purchase of Restricted Stock. If the granted Shares are subject to a purchase price, as set forth in Section 1 above, the Awardee shall have the right to purchase such Shares at the specified purchase price in accordance with such procedures as may be established by the Administrator from time to time.
Purchase of Restricted Stock. Subject to the terms and conditions set forth in this Agreement, Parent hereby sells to the Executive, and the Executive hereby purchases from Parent, effective as of the Effective Date (which is the date hereof), 104.9382716 shares of Class A Common Stock of Parent (the “Restricted Shares”) for an aggregate purchase price of $123,722.22. The Board acknowledges to the Executive that such purchase price is the fair market value of the Restricted Shares on the Effective Date (the “Initial Value”), determined without regard to any restrictions applicable thereto other than restrictions which by their terms do not lapse. The Restricted Shares shall vest in accordance with Section 2 and Section 5 hereof.
Purchase of Restricted Stock. Section 83(b)
Purchase of Restricted Stock. Employee covenants and agrees that he will purchase restricted stock from the Company (the "Restricted Shares") in the amount and in accordance with the terms of the Stock Purchase Agreement attached hereto as Exhibit 1 (the "Stock Purchase Agreement"), or such greater number of Restricted Shares as Employee and the Company may agree, and Employee's consideration for the receipt of the Restricted Shares shall be paid directly out of the Closing Escrow Amount (as defined in the Purchase Agreement) at the time of closing of the transaction contemplated by the Purchase Agreement.
Purchase of Restricted Stock. The Award may be purchased, to the extent not previously purchased, in whole or in part, at any time or from time to time prior to the expiration or termination of the Award, except that no Award shall be purchased except in respect to whole shares, and not less than 100 shares may be purchased at one time unless the number purchased is the total number at the time available for purchase under the terms of the Award. The Purchase shall be accomplished by providing the Company with written notice in the form of EXHIBIT A, which notice shall be irrevocable when delivered and effective upon payment in full of the Purchase Price in accordance with SECTION 4 and SECTION 5.4 of the Plan and any amounts required in accordance with SECTION 5.11 of the Plan for withholding taxes, and the satisfaction of all other conditions to purchase imposed under the Plan.
Purchase of Restricted Stock. Executive hereby agrees to sell, and FFMC hereby agrees to purchase, effective as of the effective time of the Merger, as defined in the Merger Agreement (the "Effective Time"), all of the ten thousand (10,000) shares of EBP Stock held by Executive which are subject to restricted stock agreements (the "Restricted Shares"), at a purchase price of fourteen and 70/100 dollars ($14.70) per share in cash for each Restricted Share purchased. The purchase of the Restricted Shares by FFMC shall be consummated simultaneously with the consummation of the Merger.
Purchase of Restricted Stock. TILLOTTS’ election to purchase shares of Restricted Stock pursuant to Subsection 4.1.7(b) (Bridge Financing of Total Development Costs), if consented to by CPP, or 5.2.4 (Deficiency Payment) will be according to the following terms:
(a) TILLOTTS and CPP will enter into a stock purchase agreement containing customary investor representations and warranties required by federal and state securities laws in the United States and corresponding customary restrictions on transfer;
(b) the shares of Restricted Stock will be subject to customary underwriter lock-up covenants and other similar restrictions imposed on other holders of the shares, including rights of first refusal, drag-along rights and the like;
(c) the certificates representing the shares of Restricted Stock will bear legends required by applicable law;
(d) the purchase price of the shares will be equal to the greatest of: (i) 120% of the price of the shares of preferred stock sold in CPP’s most recent financing, if any; (ii) the per share value of Restricted Stock as determined by an independent valuation expert of CPP’s choosing and reasonably acceptable to TILLOTTS; (iii) the 20-day trading average of shares of CPP common stock for the twenty-day trading period immediately preceding the date on which those shares are purchased, if those shares are then traded on a public exchange; and (iv) as otherwise mutually agreed by the parties; and
(e) TILLOTTS will not receive, in respect of the shares of Restricted Stock, any pre-emptive rights or registration rights. The closing of the purchase of the shares of Restricted Stock will occur at CPP’s offices on or before the date that is three months after the date CPP is first legally able to sell such Restricted Stock, or such other date as the parties may mutually agree. Promptly after the closing of that purchase, CPP will issue to TILLOTTS certificates representing the shares of Restricted Stock.
Purchase of Restricted Stock. In consideration of Executive's current and future services during employment with Company, Company irrevocably agrees to sell, and Executive irrevocably agrees to purchase, on the date of this Agreement at a purchase price of eighty cents ($0.80) per share, a total of 2,900,000 shares (the "Restricted Shares") of the Company's common stock, no par value (the "Common Stock"), upon the terms and conditions set forth in this Agreement, for a total purchase price of two million three hundred twenty thousand dollars ($2,320,000) (the "Total Purchase Price").
Purchase of Restricted Stock. The Grantee shall be required, to the extent required by applicable law, to purchase the Restricted Stock from the Company at a Purchase Price equal to the greater of (i) the aggregate par value of the shares of Stock represented by such Restricted Stock or (ii) the Purchase Price, if any, specified in the related Award Agreement. If specified in the Award Agreement, the Purchase Price may be deemed paid by Services already rendered. The Purchase Price shall be payable in a form described in Section 12 or, in the discretion of the Committee, in consideration for past Services rendered.
