In the event that any stockholder is deemed insolvent through a voluntary or involuntary bankruptcy, or makes an assignment for the benefit of his creditors, or is deemed physically or mentally incompetent for a period in excess of [ ] months, the event of incompetency as described in [NAME OF INSURANCE POLICY] now owned by the Company [state policy], the Company and the remaining stockholders shall have the option, for a period of [ ] days following receipt of notice of such qualifying event, to purchase all of the shares held by such stockholder. Notice shall be provided to such stockholder or his legal representative in accordance with this Agreement. The option shall be exercisable first by the Company and thereafter by the remaining stockholders. The price, terms and methods of exercise of the option shall be the same as provided in this Agreement in the event of the death of a stockholder. In the event this option is not exercised as to all of the shares held by such stockholder within the time allotted, such stockholder or his successor-in-interest will continue to hold the stock subject to the provisions of this Agreement.

In the event that any Member is deemed insolvent through a voluntary or involuntary bankruptcy, makes an assignment for the benefit of his creditors, or is deemed physically or mentally incompetent for a period in excess of three (3) months, the Remaining Member shall have the option, for a period of sixty (60) days following receipt of notice of such qualifying event, to purchase all of the Membership Interests held by such member. Notice shall be provided to such Member or his legal representative in accordance with this Agreement. The price, terms and methods of exercise of the option shall be the same as provided in this Agreement in the event of the death of a Member. In the event this option is not exercised as to all of the Membership Interests held by such member within the time allotted, such member or his successor-in-interest shall continue to hold the Membership Interests subject to the provisions of this Agreement

In the event that any Member is deemed insolvent through a voluntary or involuntary bankruptcy, makes an assignment for the benefit of his creditors, or is deemed physically or mentally incompetent for a period in excess of three (3) months, the Remaining Member shall have the option, for a period of sixty (60) days following receipt of notice of such qualifying event, to purchase all of the Membership Interests held by such member. Notice shall be provided to such Member or his legal representative in accordance with this Agreement. The price, terms and methods of exercise of the option shall be the same as provided in this Agreement in the event of the death of a Member. In the event this option is not exercised as to all of the Membership Interests held by such member within the time allotted, such member or his successor-in-interest shall continue to hold the Membership Interests subject to the provisions of this Agreement