Common use of SALE OF CORPORATION SHARES Clause in Contracts

SALE OF CORPORATION SHARES. Except as set forth in Section 4(c) below, Executive agrees to sell an aggregate of 45,000 shares of Common Stock of the Corporation at a price of $8.00 per share, either in the "Offer" or pursuant to the "Merger", as those terms are defined in the Merger Agreement. For purposes of this Section 4, shares of Common Stock owned by Executive shall include shares held by Executive's spouse; any parent, child, descendant or sibling of Executive; the spouse of any of the foregoing; or any trust, partnership, custodian, fiduciary or other person or entity who holds such shares for the benefit of any such person. Any shares of Common Stock owned by Executive which are not sold in the Offer or pursuant to the Merger shall be contributed to CHC pursuant to the Subscription and Contribution Agreement (the "Subscription Agreement") among CHC, STC, Cinergy Ventures, LLC and the Management Investors named therein dated as of October ___, 2000, in return for shares of CHC.

SALE OF CORPORATION SHARES. Except as set forth in Section 4(c) below, Executive agrees to sell an aggregate of 45,000 60,000 shares of Common Stock of the Corporation at a price of $8.00 per share, either in the "Offer" or pursuant to the "Merger", as those terms are defined in the Merger Agreement. For purposes of this Section 4, shares of Common Stock owned by Executive shall include shares held by Executive's spouse; any parent, child, descendant or sibling of Executive; the spouse of any of the foregoing; or any trust, partnership, custodian, fiduciary or other person or entity who holds such shares for the benefit of any such person. Any shares of Common Stock owned by Executive which are not sold in the Offer or pursuant to the Merger shall be contributed to CHC pursuant to the Subscription and Contribution Agreement (the "Subscription Agreement") among CHC, STC, Cinergy Ventures, LLC and the Management Investors named therein dated as of October ___, 2000, in return for shares of CHC.

SALE OF CORPORATION SHARES. Except as set forth in Section 4(c) below, Executive agrees to sell an aggregate of 45,000 shares of Common Stock of the Corporation at a price of $8.00 per share, either in the "Offer" or pursuant to the "Merger", as those terms are defined in the Merger Agreement. For purposes of this Section 4, shares of Common Stock owned by Executive shall include shares held by Executive's spouse; any parent, child, descendant or sibling of Executive; the spouse of any of the foregoing; or any trust, partnership, custodian, fiduciary or other person or entity who holds such shares for the benefit of any such person. Any shares of Common Stock owned by Executive which are not sold in the Offer or pursuant to the Merger shall be contributed to CHC pursuant to the Subscription and Contribution Agreement (the "Subscription Agreement") among CHC, STC, Cinergy Ventures, LLC and the Management Investors named therein dated as of October ___, 2000, in return for shares of CHC.