Common use of Purchase of Shares of Stock Clause in Contracts

Purchase of Shares of Stock. 7.1 As soon as practicable after the determination by the Committee and approval by the Board of Directors (if necessary, pursuant to SecItion 4 hereof) of the Eligible Participants and the number of shares an Eligible Participant and be issued directly, the Committee shall give notice (written or oral) thereof to each Eligible participant, which notice be accompanied by the issuance, to be acknowledged by such Eligible Participant. Upon receipt of said acknowledge by the Company, the Company will forward instructions to the Company's transfer agent to issue Stock to such Eligible Participant. 7.2 The negotiated cost basis of stock issued directly to purchase shares pursuant to paragraph 71. Shall be as determined by the Committee, it being understood that the price so determined by the Committee may vary from one Eligible Participant to another. In computing the negotiated direct issue price of a share of Stock, the Committee shall take into consideration, among other factors, the restrictions set forth in Section 10 hereof.

Purchase of Shares of Stock. 7.1 As soon as practicable after the determination by the Committee and approval by the Board of Directors (if necessary, pursuant to SecItion Section 4 hereof) of the Eligible Participants and the number of shares an Eligible Participant and be issued directly, the Committee shall give notice (written or oral) thereof to each Eligible participantParticipant, which notice be accompanied by the issuance, to be acknowledged by such Eligible Participant. Upon receipt of said acknowledge by the Company, the Company will forward instructions to the Company's transfer agent to issue Stock to such Eligible Participant. 7.2 The negotiated cost basis of stock issued directly to purchase shares pursuant to paragraph 71. Shall be as determined by the Committee, it being understood that the price so determined by the Committee may vary from one Eligible Participant to another. In computing the negotiated direct issue price of a share of Stock, the Committee shall take into consideration, among other factors, the restrictions set forth in Section 10 hereof.

Purchase of Shares of Stock. 7.1 As soon as practicable after the determination by the Committee and approval by the Board of Directors (if necessary, pursuant to SecItion Section 4 hereof) of the Eligible Participants and the number of shares an Eligible Participant and December be issued directly, the Committee shall give notice (written or oral) thereof to each Eligible participantParticipant, which notice shall be accompanied by the issuance, to be acknowledged by such Eligible Participant. Upon receipt of said acknowledge acknowledgement by the Company, the Company will forward instructions to the Company's transfer agent to issue Stock to such Eligible Participant. 7.2 The negotiated cost basis of stock issued directly to purchase shares pursuant to paragraph 71. Shall 7.1 shall be as determined by the Committee, it being understood that the price so determined by the Committee may December vary from one Eligible Participant to another. In computing the negotiated direct issue price of a share of Stock, the Committee shall take into consideration, among other factors, the restrictions set forth in Section 10 hereof.