Kansas 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 Kansas Sample Restricted Stock Purchase Agreement is a legally binding document that outlines the terms and conditions governing the purchase of restricted stock between Intermark, Inc. as the seller and the purchasers. This agreement ensures that both parties understand their rights, obligations, and limitations throughout the stock transaction process. The agreement includes key provisions such as the identification of the parties involved, the number of shares being purchased, the purchase price per share, and the payment terms. Additionally, it outlines the restrictions placed on the purchased stock, such as lock-up periods or limitations on resale. There are different types of Kansas Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers, each designed to cater to specific situations or needs. These may include: 1. Vesting Agreement: This type of agreement specifies the vesting schedule for the purchased restricted stock, ensuring that the purchaser gradually gains ownership rights over a period of time. It typically includes provisions on acceleration events like change of control or termination of employment. 2. Stock Option Agreement: In this agreement, Intermark, Inc. grants the purchaser the option to purchase a specified number of shares at a predetermined price within a specific timeframe. This gives the purchaser the flexibility to exercise their options at their discretion. 3. Performance-Based Agreement: This type of agreement ties the purchase and transfer of restricted stock to the achievement of certain predetermined performance targets or milestones set by Intermarks, Inc. and the purchasers. It ensures that the purchasers are incentivized to contribute to the company's growth. 4. Transfer Restriction Agreement: This agreement imposes limitations on the sale, transfer, or assignment of the purchased restricted stock. It is designed to protect Intermark, Inc.'s interests and maintain the stability of the ownership structure. Overall, the Kansas Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers serves as a crucial document that establishes the terms of the stock transaction while protecting the interests of both parties involved. It is essential to consult legal professionals to ensure that the agreement aligns with applicable laws and regulations.

Kansas Sample Restricted Stock Purchase Agreement is a legally binding document that outlines the terms and conditions governing the purchase of restricted stock between Intermark, Inc. as the seller and the purchasers. This agreement ensures that both parties understand their rights, obligations, and limitations throughout the stock transaction process. The agreement includes key provisions such as the identification of the parties involved, the number of shares being purchased, the purchase price per share, and the payment terms. Additionally, it outlines the restrictions placed on the purchased stock, such as lock-up periods or limitations on resale. There are different types of Kansas Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers, each designed to cater to specific situations or needs. These may include: 1. Vesting Agreement: This type of agreement specifies the vesting schedule for the purchased restricted stock, ensuring that the purchaser gradually gains ownership rights over a period of time. It typically includes provisions on acceleration events like change of control or termination of employment. 2. Stock Option Agreement: In this agreement, Intermark, Inc. grants the purchaser the option to purchase a specified number of shares at a predetermined price within a specific timeframe. This gives the purchaser the flexibility to exercise their options at their discretion. 3. Performance-Based Agreement: This type of agreement ties the purchase and transfer of restricted stock to the achievement of certain predetermined performance targets or milestones set by Intermarks, Inc. and the purchasers. It ensures that the purchasers are incentivized to contribute to the company's growth. 4. Transfer Restriction Agreement: This agreement imposes limitations on the sale, transfer, or assignment of the purchased restricted stock. It is designed to protect Intermark, Inc.'s interests and maintain the stability of the ownership structure. Overall, the Kansas Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers serves as a crucial document that establishes the terms of the stock transaction while protecting the interests of both parties involved. It is essential to consult legal professionals to ensure that the agreement aligns with applicable laws and regulations.