Common use of Purchase Rights; Vesting Clause in Contracts

Purchase Rights; Vesting. (a) As of the date hereof, Executive has purchased from Holdings Class B equity of Holdings equal to 30% of the total Class B equity of Holdings for an aggregate purchase price of $3,000 and Class C equity of Holdings equal to 15.50% of the total Class C equity of Holdings for an aggregate purchase price of $1,550. Hereafter, Class B and Class C equity collectively shall be referred to as ("Incentive Equity"). Within 30 days after such purchase of Incentive Equity, the Executive made an election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder. The parties agree that purchase price for Incentive Equity at the time of purchase was at fair market value: for Class B is $3,000 and for Class C is $1,550 and that parties shall use and have used such value for all Federal income tax purposes.

Purchase Rights; Vesting. (a) As of the date hereof, Executive has purchased from Holdings Class B equity of Holdings equal to 3010% of the total Class B equity of Holdings for an aggregate purchase price of $3,000 1,000 and Class C equity of Holdings equal to 15.5011.50% of the total Class C equity of Holdings for an aggregate purchase price of $1,5501,150. Hereafter, Class B and Class C equity collectively shall be referred to as ("Incentive Equity"). Within 30 days after such purchase of Incentive Equity, the Executive made an election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder. The parties agree that purchase price for Incentive Equity at the time of purchase was at fair market value: for Class B is $3,000 1,000 and for Class C is $1,550 1,150 and that parties shall use and have used such value for all Federal income tax purposes.

Purchase Rights; Vesting. (a) As of the date hereof, Executive has purchased from Holdings Class B equity of Holdings equal to 3015% of the total Class B equity of Holdings for an aggregate purchase price of $3,000 1,500 and Class C equity of Holdings equal to 15.5011.50% of the total Class C equity of Holdings for an aggregate purchase price of $1,5501,150. Hereafter, Class B and Class C equity collectively shall be referred to as ("Incentive Equity"). Within 30 days after such purchase of Incentive Equity, the Executive made an election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder. The parties agree that the purchase price for Incentive Equity at the time of purchase was at fair market valuevalue and: for Class B is $3,000 1,500 and for Class C is $1,550 1,150 and that parties shall use and have used such value for all Federal income tax purposes.

Purchase Rights; Vesting. (a) As of the date hereof, Executive has purchased from Holdings Class B Incentive equity of Holdings equal to 3015% of the total Class B Incentive equity of Holdings for an aggregate purchase price of $3,000 1,500 and Class C Incentive equity of Holdings equal to 15.5011.50% of the total Class C Incentive equity of Holdings for an aggregate purchase price of $1,5501,150. HereafterHereinafter, Class B and Class C Incentive equity collectively shall be referred to as ("Incentive Equity"). Within 30 days after such purchase of Incentive Equity, the Executive made an election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder. The parties agree that the purchase price for Incentive Equity at the time of purchase was at fair market value: , and for Class B is $3,000 1,500 and for Class C is $1,550 1,150, and that parties shall use and have used such value for all Federal income tax purposes.