Idaho 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 Idaho Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a legally binding document that outlines the terms and conditions of the purchase of restricted stock by buyers from Intermark, Inc., a reputable company based in Idaho. This agreement serves to protect the interests of both the company and the purchasers involved in the transaction. The agreement begins by clearly identifying the parties involved, namely Intermark, Inc. as the seller, and the purchasers who are acquiring the restricted stock. It also includes a detailed description of the stock being purchased, including the number of shares, the class of stock, and the corresponding consideration. One key provision of this agreement is the restricted nature of the stock being sold. This means that the purchasers are subject to certain limitations and restrictions regarding the transfer, sale, or assignment of the purchased shares. These restrictions are put in place to ensure the stability and long-term commitment of the purchasers towards the company. Furthermore, the agreement specifies the terms of the purchase, including the purchase price per share, the payment terms, and any applicable taxes or fees. It also outlines the closing arrangements, which involve the delivery of the stock certificates and the transfer of funds. In addition, the agreement includes specific representations and warranties made by both parties to assure the accuracy of the information provided and to avoid any future disputes. It also addresses the rights and obligations of the parties in case of breach, default or termination of the agreement. Different types of Idaho Sample Restricted Stock Purchase Agreements could include variations in purchase price, vesting schedules, and restrictions on transferability. These variations can be customized to meet the specific needs and circumstances of the transaction. Overall, the Idaho Sample Restricted Stock Purchase Agreement provides a comprehensive framework for a secure and transparent purchase of restricted stock between Intermark, Inc. and purchasers. By including relevant keywords such as "restricted stock", "purchase agreement", "Intermark, Inc.", and "Idaho", this content will help attract readers specifically interested in this type of contract in the state of Idaho.

Idaho Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a legally binding document that outlines the terms and conditions of the purchase of restricted stock by buyers from Intermark, Inc., a reputable company based in Idaho. This agreement serves to protect the interests of both the company and the purchasers involved in the transaction. The agreement begins by clearly identifying the parties involved, namely Intermark, Inc. as the seller, and the purchasers who are acquiring the restricted stock. It also includes a detailed description of the stock being purchased, including the number of shares, the class of stock, and the corresponding consideration. One key provision of this agreement is the restricted nature of the stock being sold. This means that the purchasers are subject to certain limitations and restrictions regarding the transfer, sale, or assignment of the purchased shares. These restrictions are put in place to ensure the stability and long-term commitment of the purchasers towards the company. Furthermore, the agreement specifies the terms of the purchase, including the purchase price per share, the payment terms, and any applicable taxes or fees. It also outlines the closing arrangements, which involve the delivery of the stock certificates and the transfer of funds. In addition, the agreement includes specific representations and warranties made by both parties to assure the accuracy of the information provided and to avoid any future disputes. It also addresses the rights and obligations of the parties in case of breach, default or termination of the agreement. Different types of Idaho Sample Restricted Stock Purchase Agreements could include variations in purchase price, vesting schedules, and restrictions on transferability. These variations can be customized to meet the specific needs and circumstances of the transaction. Overall, the Idaho Sample Restricted Stock Purchase Agreement provides a comprehensive framework for a secure and transparent purchase of restricted stock between Intermark, Inc. and purchasers. By including relevant keywords such as "restricted stock", "purchase agreement", "Intermark, Inc.", and "Idaho", this content will help attract readers specifically interested in this type of contract in the state of Idaho.