Common use of Definition of Unit Clause in Contracts

Definition of Unit. The Executive and the Company understand and agree that the one share of Common Stock and the 0.99 of a share of Junior Preferred Stock that constitute one Unit are as of June 5, 1996. Any unit numbers and exercise price amounts referred to in this Exhibit A shall be subject to adjustment as contemplated by Section 11 of the Plan.

Appears in 2 contracts

Sources: Employment Agreement (Guitar Center Inc), Employment Agreement (Guitar Center Inc)