A Restricted Stock Purchase Agreement is a legal document that is used by companies to grant restricted stock to employees or investors. Restricted stock is a form of equity compensation that is subject to certain restrictions, such as vesting, transfer, and forfeiture. The agreement outlines the terms of the restricted stock sale, including the company’s rights and obligations, the restrictions on the stock, and the terms of payment. There are two main types of Restricted Stock Purchase Agreement: an employee-based agreement and an investor-based agreement. Employee-based agreements are used to grant restricted stock to employees as part of an employee stock purchase plan, while investor-based agreements are used for private investments in the company’s stock. Both agreements typically include a vesting schedule, restrictions on transfer of the stock, and forfeiture provisions.