Book Value. Book Value" shall mean an amount equal to: (1) all consolidated assets of Systems and the Company (including goodwill, patents, trademarks, trade names, copyrights and other intangible assets) determined in accordance with generally accepted accounting principles; minus (2) all consolidated liabilities of Systems and the Company determined in accordance with generally accepted accounting principles; minus, without duplication (3) the amount of the liquidation value plus all cumulative and unpaid dividends payable by Systems for all shares of Preferred Stock of Systems issued and outstanding on the date of such calculation; minus, without duplication (4) the amount of the liquidation value plus all cumulative and unpaid dividends payable by the Company for all shares of Preferred Stock of the Company issued and outstanding on the date of calculation.
Appears in 5 contracts
Samples: Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc)
