Common use of Reinvestment of Certain Proceeds Clause in Contracts

Reinvestment of Certain Proceeds. In the event of a recapitalization, dividend or other similar adjustment to the Company's capitalization in the first two years following the Closing Date, the Employee shall purchase additional Common Shares with the proceeds of, or, if available, refrain from participating in, such recapitalization, dividend or other similar adjustment to the Company's capitalization, if and to the extent it would result in payments to the Employee having been received with respect to the Shares in excess of 50% of the aggregate purchase price for the Shares. Any additional shares acquired pursuant to this Section 5 shall be subject to terms and conditions substantially similar to the terms and conditions of the Shares.

Appears in 2 contracts

Samples: Employee Stock Subscription Agreement (RSC Holdings Inc.), Employee Stock Subscription Agreement (RSC Holdings III, LLC)

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Reinvestment of Certain Proceeds. In the event of a recapitalization, dividend or other similar adjustment to the Company's ’s capitalization in the first two years following the Closing Date, the Employee shall purchase additional Common Shares with the proceeds of, or, if available, refrain from participating in, such recapitalization, dividend or other similar adjustment to the Company's ’s capitalization, if and to the extent it would result in payments to the Employee having been received with respect to the Shares in excess of 50% of the aggregate purchase price for the Shares. Any additional shares acquired pursuant to this Section 5 shall be subject to terms and conditions substantially similar to the terms and conditions of the Shares.

Appears in 1 contract

Samples: Employee Stock Subscription Agreement (RSC Equipment Rental, Inc.)

Reinvestment of Certain Proceeds. In the event of a recapitalization, dividend or other similar adjustment to the Company's ’s capitalization in the first two years following the Closing Date, the Employee shall purchase additional Common Shares with the proceeds of, or, if available, refrain from participating in, such recapitalization, dividend or other similar adjustment to the Company's ’s capitalization, if and to the extent it would result in payments to the Employee having been received with respect to the Shares in excess of 50% of the aggregate purchase price for the Sharesshares. Any additional shares acquired pursuant to this Section 5 shall be subject to terms and conditions substantially similar to the terms and conditions condition of the Shares.

Appears in 1 contract

Samples: Employee Stock Subscription Agreement (RSC Holdings Inc.)

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Reinvestment of Certain Proceeds. In the event of a recapitalization, dividend or other similar adjustment to the Company's ’s capitalization in the first two years following the Closing Date, the Employee shall purchase additional Common Shares with the proceeds of, or, if available, refrain from participating in, such recapitalization, dividend or other similar adjustment to the Company's ’s capitalization, if and to the extent it would result in payments to the Employee having been received with respect to the Shares in excess of 50% of the aggregate purchase price for the Sharesshares. Any additional shares acquired pursuant to this Section 5 shall be subject to terms and conditions substantially similar to the terms and conditions condition of the Shares. Section 6.

Appears in 1 contract

Samples: Employment and Noncompetition Agreement

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