Connecticut 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 Connecticut Sample Founder Stock Repurchase Agreement between Machine Communications, Inc. and Michael Solomon is a legally binding document that outlines the terms and conditions of repurchasing the founder stock owned by Michael Solomon, a co-founder of the company. This agreement aims to provide clarity and protection for both parties involved. The repurchase agreement details various aspects, such as the number of shares being repurchased, the repurchase price, and the repurchase date. It also includes provisions related to the payment method, closing conditions, and representations and warranties of both parties. The agreement ensures that Machine Communications, Inc. has the right to repurchase the founder stock from Michael Solomon, either in whole or in part, under certain circumstances specified in the agreement. These circumstances may include termination of employment, breach of certain provisions, or other events defined in the agreement. Important keywords related to this Connecticut Sample Founder Stock Repurchase Agreement may include: 1. Founder stock: Refers to the equity shares initially issued to the founders of a company. 2. Repurchase agreement: A contract that outlines the terms and conditions for repurchasing the shares from a shareholder. 3. Machine Communications, Inc.: Identifies the company involved in the repurchase agreement. 4. Michael Solomon: The co-founder of Machine Communications, Inc., whose founder stock is being repurchased. 5. Legally binding: Indicates that the agreement is enforceable by law. 6. Terms and conditions: The provisions and rules governing the repurchase agreement. 7. Repurchase price: The predetermined price at which the shares will be repurchased. 8. Repurchase date: The agreed-upon date on which the repurchase transaction will occur. 9. Payment method: Specifies how the repurchase price will be paid to the shareholder. 10. Closing conditions: The requirements that must be satisfied for the repurchase to be successfully completed. 11. Representations and warranties: Statements made by both parties regarding the accuracy and completeness of the information provided. Different types of Connecticut Sample Founder Stock Repurchase Agreements between Machine Communications, Inc. and Michael Solomon may exist if there are variations in the terms and conditions, such as differences in the repurchase price, the number of shares being repurchased, or any additional provisions specific to the agreement. It is essential to review the specific agreement being referenced to understand the exact terms applicable.

Connecticut Sample Founder Stock Repurchase Agreement between Machine Communications, Inc. and Michael Solomon is a legally binding document that outlines the terms and conditions of repurchasing the founder stock owned by Michael Solomon, a co-founder of the company. This agreement aims to provide clarity and protection for both parties involved. The repurchase agreement details various aspects, such as the number of shares being repurchased, the repurchase price, and the repurchase date. It also includes provisions related to the payment method, closing conditions, and representations and warranties of both parties. The agreement ensures that Machine Communications, Inc. has the right to repurchase the founder stock from Michael Solomon, either in whole or in part, under certain circumstances specified in the agreement. These circumstances may include termination of employment, breach of certain provisions, or other events defined in the agreement. Important keywords related to this Connecticut Sample Founder Stock Repurchase Agreement may include: 1. Founder stock: Refers to the equity shares initially issued to the founders of a company. 2. Repurchase agreement: A contract that outlines the terms and conditions for repurchasing the shares from a shareholder. 3. Machine Communications, Inc.: Identifies the company involved in the repurchase agreement. 4. Michael Solomon: The co-founder of Machine Communications, Inc., whose founder stock is being repurchased. 5. Legally binding: Indicates that the agreement is enforceable by law. 6. Terms and conditions: The provisions and rules governing the repurchase agreement. 7. Repurchase price: The predetermined price at which the shares will be repurchased. 8. Repurchase date: The agreed-upon date on which the repurchase transaction will occur. 9. Payment method: Specifies how the repurchase price will be paid to the shareholder. 10. Closing conditions: The requirements that must be satisfied for the repurchase to be successfully completed. 11. Representations and warranties: Statements made by both parties regarding the accuracy and completeness of the information provided. Different types of Connecticut Sample Founder Stock Repurchase Agreements between Machine Communications, Inc. and Michael Solomon may exist if there are variations in the terms and conditions, such as differences in the repurchase price, the number of shares being repurchased, or any additional provisions specific to the agreement. It is essential to review the specific agreement being referenced to understand the exact terms applicable.