Put Purchase Price. In the event that the Put Option is exercised, then the purchase price to be paid for the Executive’s Membership Interest shall be equal to the product of (i) the Executive’s Percentage Interest multiplied by (ii) the Put Equity Value.
Appears in 3 contracts
Sources: Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.), Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.), Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.)