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Stock Redemption

State:
Multi-State
Control #:
US-0913BG
Format:
Word; 
Rich Text
Instant download

Description

A stock redemption agreement is a contractual arrangement between the shareholders and a close corporation. In the agreement, the close corporation is obligated to redeem the shares of the deceased, withdrawing or disabled shareholder. Retirement, death and disability tend to be the three most common withdrawal events found in buy-sell agreements, but corporations are not limited to those three and are free to mix and match as they see fit. A Stock Redemption Agreement Between Corporation and Stockholder on Retirement of Shareholder is a contract between a corporation and a shareholder that outlines the terms for the retirement of a shareholder and the redemption of their stock in the corporation. This agreement is typically used when a shareholder retires from the company, is no longer active and has decided to sell their stock. The agreement sets out the amount of money to be paid to the shareholder, the method of payment, the date of payment, and any other terms that the parties have agreed to. The main types of Stock Redemption Agreement Between Corporation and Stockholder on Retirement of Shareholder are: 1. Mandatory Stock Redemption Agreement: This agreement requires the corporation to purchase a certain amount of shares from the retiring stockholder. 2. Voluntary Stock Redemption Agreement: This agreement allows the retiring stockholder to choose the amount of shares to be sold to the corporation. 3. Reverse Stock Redemption Agreement: This agreement allows the corporation to purchase the retiring stockholder’s shares at a pre-determined price. 4. Stock Appreciation Rights Agreement: This agreement allows the retiring stockholder to receive the appreciation in the value of the stock since the date of the agreement.

A Stock Redemption Agreement Between Corporation and Stockholder on Retirement of Shareholder is a contract between a corporation and a shareholder that outlines the terms for the retirement of a shareholder and the redemption of their stock in the corporation. This agreement is typically used when a shareholder retires from the company, is no longer active and has decided to sell their stock. The agreement sets out the amount of money to be paid to the shareholder, the method of payment, the date of payment, and any other terms that the parties have agreed to. The main types of Stock Redemption Agreement Between Corporation and Stockholder on Retirement of Shareholder are: 1. Mandatory Stock Redemption Agreement: This agreement requires the corporation to purchase a certain amount of shares from the retiring stockholder. 2. Voluntary Stock Redemption Agreement: This agreement allows the retiring stockholder to choose the amount of shares to be sold to the corporation. 3. Reverse Stock Redemption Agreement: This agreement allows the corporation to purchase the retiring stockholder’s shares at a pre-determined price. 4. Stock Appreciation Rights Agreement: This agreement allows the retiring stockholder to receive the appreciation in the value of the stock since the date of the agreement.

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Stock Redemption