Travis Texas Acuerdo de compra venta o compra de acciones que cubre acciones ordinarias en una corporación cerrada con opción de financiar la compra a través de un seguro de vida - Buy Sell or Stock Purchase Agreement Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance

• Category: Compra Venta - Compra de Acciones - Sociedades Anónimas
• State: Multi-State
• County: Travis
• Control #: US-00455BG
• Format: Word

Description

This form is set up as a Buy Sell Agreement between the Corporation and a key shareholder. It applies in the case of the death, disability, retirement or offer of shareholder to sell the stock during his lifetime. Travis Texas Buy Sell or Stock Purchase Agreement Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance Description: The Travis Texas Buy Sell or Stock Purchase Agreement is a comprehensive legal document designed to facilitate the purchase and sale of common stock in a closely held corporation. This agreement provides a framework for shareholders to buy and sell their shares in a fair and efficient manner, while also offering an option to fund the purchase through life insurance. Key Features of the Travis Texas Buy Sell or Stock Purchase Agreement: 1. Closely Held Corporation: This agreement is tailored specifically for closely held corporations, where a limited number of shareholders typically hold a significant portion of the company's stock. 2. Common Stock: The agreement covers the purchase and sale of common stock, which represents the basic ownership rights in the corporation, such as voting rights and a share of profits. 3. Buy Sell Provision: The agreement includes a buy-sell provision, also known as a shotgun clause, which allows shareholders to offer their shares for sale to other shareholders at a predetermined price. This provision helps establish a fair and orderly process for resolving disputes or facilitating planned transfers of shares. 4. Option to Fund Purchase through Life Insurance: One unique aspect of the Travis Texas Buy Sell or Stock Purchase Agreement is the option to fund the purchase of shares through life insurance. Shareholders can structure a life insurance policy in a way that provides the necessary funds to buy the shares upon the death of a shareholder. This option allows for a seamless transition of ownership, ensuring the stability and continuity of the closely held corporation. Types of Buy Sell or Stock Purchase Agreements: 1. Cross-Purchase Agreement: In a cross-purchase agreement, individual shareholders agree to purchase the shares of a departing shareholder. Each shareholder becomes responsible for buying a proportional amount of the departing shareholder's shares. 2. Entity Purchase Agreement: In an entity purchase agreement or stock redemption agreement, the corporation itself agrees to repurchase the shares of a departing shareholder. The corporation becomes the buyer of the shares, using its own funds. 3. Wait-and-See Agreement: A wait-and-see agreement combines elements of both cross-purchase and entity purchase agreements. It allows shareholders to wait and see who will purchase the departing shareholder's shares before deciding whether they will use their own funds or the corporation's funds to make the purchase. In summary, the Travis Texas Buy Sell or Stock Purchase Agreement is a comprehensive legal document specifically tailored for closely held corporations. It covers the purchase and sale of common stock and provides an option to fund the purchase through life insurance. Different types of buy sell or stock purchase agreements include cross-purchase agreements, entity purchase agreements, and wait-and-see agreements. These agreements help ensure a smooth and orderly transfer of ownership in closely held corporations, preserving the stability and continuity of the business.

Travis Texas Buy Sell or Stock Purchase Agreement Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance Description: The Travis Texas Buy Sell or Stock Purchase Agreement is a comprehensive legal document designed to facilitate the purchase and sale of common stock in a closely held corporation. This agreement provides a framework for shareholders to buy and sell their shares in a fair and efficient manner, while also offering an option to fund the purchase through life insurance. Key Features of the Travis Texas Buy Sell or Stock Purchase Agreement: 1. Closely Held Corporation: This agreement is tailored specifically for closely held corporations, where a limited number of shareholders typically hold a significant portion of the company's stock. 2. Common Stock: The agreement covers the purchase and sale of common stock, which represents the basic ownership rights in the corporation, such as voting rights and a share of profits. 3. Buy Sell Provision: The agreement includes a buy-sell provision, also known as a shotgun clause, which allows shareholders to offer their shares for sale to other shareholders at a predetermined price. This provision helps establish a fair and orderly process for resolving disputes or facilitating planned transfers of shares. 4. Option to Fund Purchase through Life Insurance: One unique aspect of the Travis Texas Buy Sell or Stock Purchase Agreement is the option to fund the purchase of shares through life insurance. Shareholders can structure a life insurance policy in a way that provides the necessary funds to buy the shares upon the death of a shareholder. This option allows for a seamless transition of ownership, ensuring the stability and continuity of the closely held corporation. Types of Buy Sell or Stock Purchase Agreements: 1. Cross-Purchase Agreement: In a cross-purchase agreement, individual shareholders agree to purchase the shares of a departing shareholder. Each shareholder becomes responsible for buying a proportional amount of the departing shareholder's shares. 2. Entity Purchase Agreement: In an entity purchase agreement or stock redemption agreement, the corporation itself agrees to repurchase the shares of a departing shareholder. The corporation becomes the buyer of the shares, using its own funds. 3. Wait-and-See Agreement: A wait-and-see agreement combines elements of both cross-purchase and entity purchase agreements. It allows shareholders to wait and see who will purchase the departing shareholder's shares before deciding whether they will use their own funds or the corporation's funds to make the purchase. In summary, the Travis Texas Buy Sell or Stock Purchase Agreement is a comprehensive legal document specifically tailored for closely held corporations. It covers the purchase and sale of common stock and provides an option to fund the purchase through life insurance. Different types of buy sell or stock purchase agreements include cross-purchase agreements, entity purchase agreements, and wait-and-see agreements. These agreements help ensure a smooth and orderly transfer of ownership in closely held corporations, preserving the stability and continuity of the business.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.