TRADING REQUIREMENTS. A. All trades must be netted (i.e., one purchase or redemption per Fund, per account). For example: a purchase for $2,000 and a redemption for $500 should be netted into one purchase for $1,500.
TRADING REQUIREMENTS. (a) Broker shall effect a repurchase (each a “Purchase”) of shares of Common Stock on each day on which The Nasdaq Capital Market (“Nasdaq”) is open for trading at a price not in excess of the price per share limitation set forth in Schedule A to these Instructions.
TRADING REQUIREMENTS. Subject to the volume restrictions set forth below, Broker shall from time to time during the effectiveness of this Trading Plan effect sales (each a "Sale") on the New York Stock Exchange (the "Exchange") of the shares of Common Stock to be issued to Seller (the "Bonus Shares") on or about January 1, 2002 (the "Issuance Date") pursuant to the Issuer's Amended and Restated 1996 Stock Incentive Plan and the Agreement dated as of November 21, 2001 ("the Bonus Payment Agreement") by and between Issuer and Seller in payment of a cash bonus otherwise due to Seller pursuant to Issuer's Senior Management Bonus Plan, the precise number of Bonus Shares not being determinable prior to December 31, 2001. Except as provided in the next succeeding sentence, the number of Bonus Shares to be sold, the price and the timing of any sales are to be within the sole discretion of Broker. It is understood and agreed that the number of Bonus Shares sold on the Exchange on any single trading day may not exceed the greater of 25,000 shares or fifteen percent (15%) of the average daily volume of the Common Stock traded on the Exchange over the prior ten (10) trading days; provided, however, that Broker may in its discretion enter orders to sell a lesser amount on any trading day in response to market conditions.
