Common use of Termination with Cause; Resignation other than for Good Reason Clause in Contracts

Termination with Cause; Resignation other than for Good Reason. Upon a Termination with Cause or a resignation by Executive other than for Good Reason on or prior to December 31, 2004, then the Company and the Investors may elect to purchase all or any portion of the Executive Stock at a price per share equal to the lesser of the Original Cost thereof and the Fair Market Value thereof.

Appears in 2 contracts

Samples: Executive Agreement (Ziff Davis Media Inc), Executive Agreement (Ziff Davis Media Inc)

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Termination with Cause; Resignation other than for Good Reason. Upon a Termination with Cause or a resignation by Executive other than for Good Reason on or prior to December 31, 2004, then the Company and the Investors may elect to purchase (A) all or any portion of the Executive Stock which constitutes Coinvest Shares at a price per share equal to the Fair Market Value thereof, and (B) all or any portion of the Executive Stock which does not constitute Coinvest Shares at a price per share equal to the lesser of the Original Cost thereof and the Fair Market Value thereof.

Appears in 1 contract

Samples: Executive Agreement (Ziff Davis Media Inc)

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Termination with Cause; Resignation other than for Good Reason. Upon a Termination with Cause or a resignation by Executive other than for Good Reason on or prior to December 31, 2004, then the Company and the Investors may elect to purchase (A) all or any portion of the Executive Stock which constitutes Coinvest Shares or Bonus Shares at a price per share equal to the Fair Market Value thereof, and (B) all or any portion of the Executive Stock which does not constitute Coinvest Shares or Bonus Shares at a price per share equal to the lesser of the Original Cost thereof and the Fair Market Value thereof.

Appears in 1 contract

Samples: Executive Agreement (Ziff Davis Media Inc)

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