Common use of Purchase Rights; Vesting Clause in Contracts

Purchase Rights; Vesting. (a) As of the date hereof, Executive shall have the right to purchase at any time from Holdings Class B equity of Holdings ("Incentive Equity") equal to 10% of the total Incentive Equity of Holdings for an aggregate purchase price of $1,000. Within 30 days after each time that Executive exercises its right to purchase Incentive Equity, the Executive will make an effective election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder. The parties hereto agree that the fair market value of the Incentive Equity allocated to Executive as of the date hereof and for a period of at least five business days thereafter is $1,000 and that they shall use that value for all Federal income tax purposes.

Purchase Rights; Vesting. (a) As of the date hereof, Executive shall have the right to purchase at any time from Holdings Class B C equity of Holdings ("Incentive Equity") equal to 107.70% of the total Incentive Equity of Holdings for an aggregate purchase price of $1,000770. Within 30 days after each time that Executive exercises its right to purchase Incentive Equity, the Executive will make an effective election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder. The parties hereto agree that the fair market value of the Incentive Equity allocated to Executive as of the date hereof and for a period of at least five business days thereafter is $1,000 770 and that they shall use that value for all Federal income tax purposes.

Purchase Rights; Vesting. (a) As of the date hereof, Executive shall have the right to purchase at any time from Holdings Class B equity of Holdings ("Incentive Equity") equal to 1030% of the total Incentive Equity of Holdings for an aggregate purchase price of $1,0003,000. Within 30 days after each time that Executive exercises its right to purchase Incentive Equity, the Executive will make an effective election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder. The parties hereto agree that the fair market value of the Incentive Equity allocated to Executive as of the date hereof and for a period of at least five business days thereafter is $1,000 3,000 and that they shall use that value for all Federal income tax purposes.

Purchase Rights; Vesting. (a) As of the date hereof, Executive shall have the right to purchase at any time from Holdings Class B equity of Holdings ("Incentive Equity") equal to 1015% of the total Incentive Equity of Holdings for an aggregate purchase price of $1,0001,500. Within 30 days after each time that Executive exercises its right to purchase Incentive Equity, the Executive will make an effective election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder. The parties hereto agree that the fair market value of the Incentive Equity allocated to Executive as of the date hereof and for a period of at least five business days thereafter is $1,000 1,500 and that they shall use that value for all Federal income tax purposes.