Common use of Guaranteed Price Clause in Contracts

Guaranteed Price. If an Owner sells any of the Group 1 Common Stock received by such Owner pursuant to this Agreement for a per share price of less than fourteen dollars ($14.00), subject to adjustment for stock splits and stock dividends, Group 1 shall pay in cash the difference between the purchase price for shares sold and the price such Owner would have received if the shares were sold at $14.00 per share, subject to adjustment for stock splits and stock dividends; provided, that this Section 7.6 shall only apply to sales (i) occurring after the expiration of the Restricted Period and (ii) made in the public market; and provided, further that this Section 7.6 shall terminate on the date six years after the expiration of the Restricted Period.