Alabama Sample Founder Stock Repurchase Agreement between MachOne Communications, Inc. and Michael Solomon

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• Control #: US-EG-9129
• Format: Word; Rich Text

Description

Founder Stock Repurchase Agreement between MachOne Communications, Inc. and Michael Solomon dated June 1, 1998. 8 pages Title: Alabama Sample Founder Stock Repurchase Agreement: Machine Communications, Inc. and Michael Solomon Introduction: The Alabama Sample Founder Stock Repurchase Agreement is a legally binding document signed between Machine Communications, Inc. (the "Company") and Michael Solomon (the "Founder"), relating to the repurchase of founder stock. This agreement outlines the terms and conditions under which the Company may repurchase the Founder's shares and the rights and obligations associated with such a transaction. Keywords: Alabama Sample Founder Stock Repurchase Agreement, Machine Communications, Inc., Michael Solomon, repurchase of founder stock, terms and conditions, rights and obligations. 1. Agreement Purpose and Parties: This section provides a detailed description of the objective of the agreement, explaining that it is intended to govern the repurchase of founder stock and identifies the parties involved, i.e., Machine Communications, Inc. and Michael Solomon. Keywords: Agreement purpose, parties involved, Machine Communications, Inc., Michael Solomon, repurchase of founder stock. 2. Shares Subject to Repurchase: Here, the agreement delineates the specific shares of founder stock that are eligible for repurchase, including the total number of shares owned by the Founder, any restrictions on the repurchase, and the valuation method used to determine the repurchase price. Keywords: Shares subject to repurchase, founder stock, total number of shares, ownership, restrictions, repurchase price. 3. Conditions of Repurchase: This section outlines the conditions that need to be met for the repurchase to proceed, including any required approvals, notices, and the timeline within which the repurchase can take place. Keywords: Conditions of repurchase, required approvals, notices, timeline. 4. Repurchase Price and Payment Terms: This clause details the calculation method for determining the repurchase price per share, including any adjustments or discounts. It also explains the payment terms, such as the mode of payment and the timeframe within which the payment should be made. Keywords: Repurchase price, payment terms, calculation method, adjustments, discounts, mode of payment, timeframe. 5. Representations and Warranties: This section includes the representations and warranties made by the Founder regarding their stock ownership and the legality of the shares being repurchased, ensuring compliance with applicable laws. Keywords: Representations and warranties, stock ownership, legality, compliance, applicable laws. 6. Termination: This clause outlines the circumstances under which the agreement can be terminated, such as mutual agreement or violation of terms, and the actions required upon termination. Keywords: Termination, circumstances, mutual agreement, violation of terms, actions required. Different Types of Alabama Sample Founder Stock Repurchase Agreements between Machine Communications, Inc. and Michael Solomon: 1. Alabama Sample Founder Stock Repurchase Agreement — Standard Version: This is the typical agreement template, covering all necessary clauses and provisions related to the repurchase of founder stock between Machine Communications, Inc. and Michael Solomon. 2. Alabama Sample Founder Stock Repurchase Agreement — Simplified Version: A shortened version of the agreement, providing a more concise and simplified approach to the repurchase of founder stock between Machine Communications, Inc. and Michael Solomon. 3. Alabama Sample Founder Stock Repurchase Agreement — Advanced Version: An extended version of the agreement, including additional clauses and provisions to address unique or complex scenarios related to the repurchase of founder stock between Machine Communications, Inc. and Michael Solomon.

Title: Alabama Sample Founder Stock Repurchase Agreement: Machine Communications, Inc. and Michael Solomon Introduction: The Alabama Sample Founder Stock Repurchase Agreement is a legally binding document signed between Machine Communications, Inc. (the "Company") and Michael Solomon (the "Founder"), relating to the repurchase of founder stock. This agreement outlines the terms and conditions under which the Company may repurchase the Founder's shares and the rights and obligations associated with such a transaction. Keywords: Alabama Sample Founder Stock Repurchase Agreement, Machine Communications, Inc., Michael Solomon, repurchase of founder stock, terms and conditions, rights and obligations. 1. Agreement Purpose and Parties: This section provides a detailed description of the objective of the agreement, explaining that it is intended to govern the repurchase of founder stock and identifies the parties involved, i.e., Machine Communications, Inc. and Michael Solomon. Keywords: Agreement purpose, parties involved, Machine Communications, Inc., Michael Solomon, repurchase of founder stock. 2. Shares Subject to Repurchase: Here, the agreement delineates the specific shares of founder stock that are eligible for repurchase, including the total number of shares owned by the Founder, any restrictions on the repurchase, and the valuation method used to determine the repurchase price. Keywords: Shares subject to repurchase, founder stock, total number of shares, ownership, restrictions, repurchase price. 3. Conditions of Repurchase: This section outlines the conditions that need to be met for the repurchase to proceed, including any required approvals, notices, and the timeline within which the repurchase can take place. Keywords: Conditions of repurchase, required approvals, notices, timeline. 4. Repurchase Price and Payment Terms: This clause details the calculation method for determining the repurchase price per share, including any adjustments or discounts. It also explains the payment terms, such as the mode of payment and the timeframe within which the payment should be made. Keywords: Repurchase price, payment terms, calculation method, adjustments, discounts, mode of payment, timeframe. 5. Representations and Warranties: This section includes the representations and warranties made by the Founder regarding their stock ownership and the legality of the shares being repurchased, ensuring compliance with applicable laws. Keywords: Representations and warranties, stock ownership, legality, compliance, applicable laws. 6. Termination: This clause outlines the circumstances under which the agreement can be terminated, such as mutual agreement or violation of terms, and the actions required upon termination. Keywords: Termination, circumstances, mutual agreement, violation of terms, actions required. Different Types of Alabama Sample Founder Stock Repurchase Agreements between Machine Communications, Inc. and Michael Solomon: 1. Alabama Sample Founder Stock Repurchase Agreement — Standard Version: This is the typical agreement template, covering all necessary clauses and provisions related to the repurchase of founder stock between Machine Communications, Inc. and Michael Solomon. 2. Alabama Sample Founder Stock Repurchase Agreement — Simplified Version: A shortened version of the agreement, providing a more concise and simplified approach to the repurchase of founder stock between Machine Communications, Inc. and Michael Solomon. 3. Alabama Sample Founder Stock Repurchase Agreement — Advanced Version: An extended version of the agreement, including additional clauses and provisions to address unique or complex scenarios related to the repurchase of founder stock between Machine Communications, Inc. and Michael Solomon.