California 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: California Sample Restricted Stock Purchase Agreement: Comprehensive Overview of Intermark, Inc. and Purchasers Relationship Introduction: This article provides a detailed description of the California Sample Restricted Stock Purchase Agreement between Intermark, Inc., a California-based company, and its purchasers. This legal document governs the purchase of restricted stock by the purchasers, outlining various terms, conditions, rights, and restrictions associated with the stock purchase agreement. Keywords: California, Sample Restricted Stock Purchase Agreement, Intermark, Inc., Purchasers, legal document, restricted stock, terms, conditions, rights, restrictions. Section 1: Background of Intermark, Inc. Intermark, Inc. is a California company engaged in [insert company's description], offering its purchasers an opportunity to invest in the company's growth and participate in its future success through the purchase of restricted stock. This agreement forms the foundation for such investment activities. Section 2: Overview of the Purchasers The agreement identifies the purchasers who intend to acquire restricted stock in Intermark, Inc. It defines the number of shares they will purchase, the purchase price per share, and any other relevant details pertaining to their participation in the company. Section 3: Definitions and Interpretation This section clarifies key terms used throughout the agreement to ensure a mutual understanding of the document's content. It discusses interpretations, references, and any specific definitions applicable within the agreement. Section 4: Purchase and Sale of Restricted Stock Here, the agreement elaborates on the terms and conditions under which Intermark, Inc. agrees to sell and the purchasers agree to buy the restricted stock. It includes details about the purchase price, payment terms, and any additional agreements between the parties. Section 5: Rights and Restrictions This section outlines the rights and restrictions associated with the purchased restricted stock. It covers matters such as transferability, voting rights, dividend rights, and any protective provisions that may be in place to safeguard both the company and the purchasers' interests. Section 6: Corporate Governance and Reporting The agreement may include provisions regarding the purchasers' involvement in the corporate governance of Intermark, Inc., including information on shareholders' meetings, reporting requirements, and the disclosure of financial information. Section 7: Termination and Amendment This section details the circumstances under which the agreement may be terminated or amended, providing clarity on the process, prerequisites, and any obligations involved for both parties involved. Section 8: Governing Law and Jurisdiction The agreement specifies that it is subject to California state laws and outlines the jurisdiction where any disputes may be resolved. Additional California Sample Restricted Stock Purchase Agreements: 1. California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Individual Purchaser(s) 2. California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Institutional Investor(s) 3. California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Employee Stock Option Plan Participants Conclusion: The California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and its purchasers is a comprehensive legal document that governs the sale and purchase of restricted stock. By clearly defining the terms, conditions, rights, and restrictions, this agreement provides a robust framework for the relationship between Intermark, Inc. and its purchasers, ensuring transparency and protection for all parties involved.

Title: California Sample Restricted Stock Purchase Agreement: Comprehensive Overview of Intermark, Inc. and Purchasers Relationship Introduction: This article provides a detailed description of the California Sample Restricted Stock Purchase Agreement between Intermark, Inc., a California-based company, and its purchasers. This legal document governs the purchase of restricted stock by the purchasers, outlining various terms, conditions, rights, and restrictions associated with the stock purchase agreement. Keywords: California, Sample Restricted Stock Purchase Agreement, Intermark, Inc., Purchasers, legal document, restricted stock, terms, conditions, rights, restrictions. Section 1: Background of Intermark, Inc. Intermark, Inc. is a California company engaged in [insert company's description], offering its purchasers an opportunity to invest in the company's growth and participate in its future success through the purchase of restricted stock. This agreement forms the foundation for such investment activities. Section 2: Overview of the Purchasers The agreement identifies the purchasers who intend to acquire restricted stock in Intermark, Inc. It defines the number of shares they will purchase, the purchase price per share, and any other relevant details pertaining to their participation in the company. Section 3: Definitions and Interpretation This section clarifies key terms used throughout the agreement to ensure a mutual understanding of the document's content. It discusses interpretations, references, and any specific definitions applicable within the agreement. Section 4: Purchase and Sale of Restricted Stock Here, the agreement elaborates on the terms and conditions under which Intermark, Inc. agrees to sell and the purchasers agree to buy the restricted stock. It includes details about the purchase price, payment terms, and any additional agreements between the parties. Section 5: Rights and Restrictions This section outlines the rights and restrictions associated with the purchased restricted stock. It covers matters such as transferability, voting rights, dividend rights, and any protective provisions that may be in place to safeguard both the company and the purchasers' interests. Section 6: Corporate Governance and Reporting The agreement may include provisions regarding the purchasers' involvement in the corporate governance of Intermark, Inc., including information on shareholders' meetings, reporting requirements, and the disclosure of financial information. Section 7: Termination and Amendment This section details the circumstances under which the agreement may be terminated or amended, providing clarity on the process, prerequisites, and any obligations involved for both parties involved. Section 8: Governing Law and Jurisdiction The agreement specifies that it is subject to California state laws and outlines the jurisdiction where any disputes may be resolved. Additional California Sample Restricted Stock Purchase Agreements: 1. California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Individual Purchaser(s) 2. California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Institutional Investor(s) 3. California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Employee Stock Option Plan Participants Conclusion: The California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and its purchasers is a comprehensive legal document that governs the sale and purchase of restricted stock. By clearly defining the terms, conditions, rights, and restrictions, this agreement provides a robust framework for the relationship between Intermark, Inc. and its purchasers, ensuring transparency and protection for all parties involved.