Arkansas Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

• Category: Corporations - Public - Employees
• State: Multi-State
• Control #: US-CC-19-221
• Format: Word; Rich Text

Description

19-221 19-221 . . . Restricted Stock Purchase Agreement under which (a) officers were given right to purchase shares of common stock at market price of shares on date of Agreements, (b) purchase price of shares is to be paid by four full-recourse promissory notes bearing interest at 9% with up to 1/2 of annual interest deferred until specified date, (c) 25% of shares vest cumulatively on 1st, 2nd, 3rd and 4th anniversaries of date of grant (or earlier in event of change in control) and (d) if purchaser ceases to be an employee, corporation has right to repurchase unvested portion of purchaser's shares at original purchase price plus interest paid on notes covering such shares Title: Arkansas Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers Introduction: The Arkansas Sample Restricted Stock Purchase Agreement is a legally binding document that outlines the terms and conditions of purchasing restricted stocks in Intermark, Inc., a prominent Arkansas-based company. This comprehensive agreement aims to protect the rights of the purchasers and establish a clear framework for the sale and transfer of restricted stocks. Keywords: Arkansas, Sample, Restricted Stock Purchase Agreement, Intermark, Inc., Purchasers 1. Agreement Overview: This section provides a detailed overview of the restricted stock purchase agreement, explaining its purpose, scope, and the parties involved. It establishes the legal framework for purchasing restricted stocks in Intermark, Inc. by the purchasers. 2. Definitions: In this section, various key terms are defined to ensure clarity and common understanding of the agreement. This includes terms such as "restricted stock," "vesting period," "exercise price," "transfer restrictions," and other related terms. 3. Purchase and Sale of Restricted Stocks: This section outlines the process by which the purchasers can acquire restricted stocks from Intermark, Inc., specifying the number of shares, purchase price, and payment terms. It also addresses any restrictions or limitations imposed on the transferability of stocks. 4. Vesting and Transfer Restrictions: Here, the agreement specifies the vesting schedule for the restricted stocks and any transfer restrictions imposed on the purchasers. It outlines the conditions under which the purchased stocks can be transferred, sold, or otherwise disposed of. 5. Termination of Restricted Stock Grants: This section describes the circumstances under which the restricted stock grants may be terminated, including voluntary and involuntary termination, death, disability, or change in control of Intermark, Inc. It outlines the rights and obligations of both parties upon termination. 6. Representations and Warranties: The agreement contains a section where both Intermark, Inc. and the purchasers provide representations and warranties. These ensure that each party has the authority and capacity to enter into the agreement and that the stocks being purchased are valid and legally owned by Intermark, Inc. 7. Confidentiality and Non-Disclosure: This section covers the confidentiality obligations of the purchasers regarding any confidential information obtained during the purchase process. It also addresses the consequences of any breaches of confidentiality. 8. Governing Law and Jurisdiction: Here, the agreement specifies that the laws of the state of Arkansas govern the interpretation, validity, and enforceability of the agreement. It designates the exclusive jurisdiction where any dispute arising from the agreement will be resolved. Types of Arkansas Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers: 1. Individual Restricted Stock Purchase Agreement: This agreement is primarily used when a single purchaser wishes to acquire restricted stocks from Intermark, Inc. 2. Group Restricted Stock Purchase Agreement: In situations where multiple purchasers collectively wish to purchase restricted stocks, this agreement type is employed. It outlines the terms and conditions for all purchasers involved. 3. Employee Stock Option Agreement: This type of agreement is specifically tailored for employees of Intermark, Inc., allowing them to acquire and exercise stock options as a part of their compensation package. 4. Founder's Restricted Stock Agreement: Reserved for founders or significant stakeholders of Intermark, Inc., this agreement outlines the terms and restrictions on the transfer of stocks held by key individuals involved in the company's establishment. Note: It is essential to consult legal professionals to obtain accurate and up-to-date versions of the Arkansas Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers, as variations may exist based on specific circumstances and legal requirements.

Title: Arkansas Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers Introduction: The Arkansas Sample Restricted Stock Purchase Agreement is a legally binding document that outlines the terms and conditions of purchasing restricted stocks in Intermark, Inc., a prominent Arkansas-based company. This comprehensive agreement aims to protect the rights of the purchasers and establish a clear framework for the sale and transfer of restricted stocks. Keywords: Arkansas, Sample, Restricted Stock Purchase Agreement, Intermark, Inc., Purchasers 1. Agreement Overview: This section provides a detailed overview of the restricted stock purchase agreement, explaining its purpose, scope, and the parties involved. It establishes the legal framework for purchasing restricted stocks in Intermark, Inc. by the purchasers. 2. Definitions: In this section, various key terms are defined to ensure clarity and common understanding of the agreement. This includes terms such as "restricted stock," "vesting period," "exercise price," "transfer restrictions," and other related terms. 3. Purchase and Sale of Restricted Stocks: This section outlines the process by which the purchasers can acquire restricted stocks from Intermark, Inc., specifying the number of shares, purchase price, and payment terms. It also addresses any restrictions or limitations imposed on the transferability of stocks. 4. Vesting and Transfer Restrictions: Here, the agreement specifies the vesting schedule for the restricted stocks and any transfer restrictions imposed on the purchasers. It outlines the conditions under which the purchased stocks can be transferred, sold, or otherwise disposed of. 5. Termination of Restricted Stock Grants: This section describes the circumstances under which the restricted stock grants may be terminated, including voluntary and involuntary termination, death, disability, or change in control of Intermark, Inc. It outlines the rights and obligations of both parties upon termination. 6. Representations and Warranties: The agreement contains a section where both Intermark, Inc. and the purchasers provide representations and warranties. These ensure that each party has the authority and capacity to enter into the agreement and that the stocks being purchased are valid and legally owned by Intermark, Inc. 7. Confidentiality and Non-Disclosure: This section covers the confidentiality obligations of the purchasers regarding any confidential information obtained during the purchase process. It also addresses the consequences of any breaches of confidentiality. 8. Governing Law and Jurisdiction: Here, the agreement specifies that the laws of the state of Arkansas govern the interpretation, validity, and enforceability of the agreement. It designates the exclusive jurisdiction where any dispute arising from the agreement will be resolved. Types of Arkansas Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers: 1. Individual Restricted Stock Purchase Agreement: This agreement is primarily used when a single purchaser wishes to acquire restricted stocks from Intermark, Inc. 2. Group Restricted Stock Purchase Agreement: In situations where multiple purchasers collectively wish to purchase restricted stocks, this agreement type is employed. It outlines the terms and conditions for all purchasers involved. 3. Employee Stock Option Agreement: This type of agreement is specifically tailored for employees of Intermark, Inc., allowing them to acquire and exercise stock options as a part of their compensation package. 4. Founder's Restricted Stock Agreement: Reserved for founders or significant stakeholders of Intermark, Inc., this agreement outlines the terms and restrictions on the transfer of stocks held by key individuals involved in the company's establishment. Note: It is essential to consult legal professionals to obtain accurate and up-to-date versions of the Arkansas Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers, as variations may exist based on specific circumstances and legal requirements.