Common use of Put Price Clause in Contracts

Put Price. Upon the exercise of the Put, the purchase price for the Executive Securities (the "PUT PRICE") shall be the Fair Market Value of such securities computed as of the date of the Put Event. The Board shall calculate the Put Price within thirty (30) days following delivery of a Put Notice (provided, however, that Fair Market Value shall be determined in accordance with the definition thereof in Section 1).

Put Price. Upon the exercise of the Put, the purchase price for the Executive Securities (the "PUT PRICEPut Price") shall be the Fair Market Value of such securities computed as of the date of the Put Event. The Board shall calculate determine the Put Price within thirty sixty (3060) days following delivery of a Put Notice (provided, however, that Fair Market Value shall and such determination will be determined in accordance with the definition thereof in Section 1)final and binding absent manifest error.