Value of Securities. If any portion of the purchase price is payable in the form of securities, whether equity or debt, the value of such securities for purposes of determining Net Shareholder Proceeds, will be determined based on the average closing price for such securities for the 20 trading days prior to the closing of the Liquidity Event. .
Appears in 2 contracts
Sources: Employment Agreement (Thomas Equipment, Inc.), Employment Agreement (Thomas Equipment, Inc.)