Permitted Distribution

Permitted Distribution. Means the Second Contingent Amount as defined in the Third Restated Agreement of Limited Partnership of Buyer, to be made by Buyer to Louis F. Mercatanti Jr. upon the issuance of the Nassau Mezzanine Notes.

Permitted Distribution. Means: (i) repurchases of stock from employees, consultants or directors of the Company in an aggregate amount not to exceed $50,000 in any fiscal year; provided that no Event of Default has occurred and is continuing or would exist after giving effect to the repurchases; (ii) dividends or distributions payable solely in capital stock of the Company; and (iii) any dividend or distribution made by any Subsidiary to another Subsidiary or to the Company.

Permitted Distribution. Shall mean (i) acquisitions of Common Stock by the Corporation pursuant to agreements which permit the Corporation to repurchase such shares upon termination of services to the Corporation or in exercise of the Corporation's right of first refusal upon a proposed transfer, (ii) the acquisition of shares of Junior Stock in exchange for shares of other Junior Stock, or (iii) the acquisition of shares pursuant to the Corporation's long-term benefit plan or employee stock purchase plan.