Application of Net Sale Proceeds. The Executive agrees that upon the sale of the Shares by the Company pursuant to this clause 6, the Company will apply the net sale proceeds (after deducting any stamp duty or other like duty payable on the transfer or any Costs incurred by the Company in exercising its powers under this clause 6 or otherwise effecting the sale of transfer of
Appears in 2 contracts
Sources: Employee Share Ownership Plan Loan Agreement, Employee Share Ownership Plan Loan Agreement