Common use of Stock Investment Clause in Contracts

Stock Investment. (a) On or shortly after the Effective Date, the Executive shall have the opportunity to purchase up to 30,000 shares of Common Stock for aggregate cash consideration of $300,000 (the “Stock Purchase”). The Stock Purchase shall otherwise be on the terms set forth in the Stock Letter attached hereto as Exhibit C. (b) Upon completion of the Stock Purchase, the Executive shall be granted an additional fully vested nonqualified stock option to purchase 30,000 shares of Common Stock at a price per share equal to $10.00 on the terms set forth in the Option Letter.

Stock Investment. (a) On or shortly after the Effective Date, the Executive shall have has the opportunity to purchase up to 30,000 shares of Common Stock for aggregate cash consideration of $300,000 (the “"Stock Purchase”"). The Stock Purchase shall otherwise be on the terms set forth in the Stock Letter attached hereto as Exhibit C. (b) Upon completion of the Stock Purchase, the Executive shall be granted an additional fully vested nonqualified stock option to purchase 30,000 shares of Common Stock at a price per share equal to $10.00 on the terms set forth in the Option Letter.

Stock Investment. (a) On or shortly after the Effective Date, the Executive shall have the opportunity to purchase up to 30,000 shares of Common Stock for aggregate cash consideration $10 per share. The purchase of $300,000 these shares (the “Stock Purchase”). The Stock Purchase ) shall otherwise be on the terms set forth in the Stock Letter attached hereto as Exhibit C. (b) Upon completion of the Stock Purchase, the Executive shall be granted an additional fully vested nonqualified stock option to purchase 30,000 a number of shares equal to the number of Common Stock shares purchased pursuant to Section 3.6(a) at a price per share equal to $10.00 on the terms set forth in the Option Stock Letter.