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
Michigan Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
Category:
State:
Multi-State
Control #:
US-CC-19-221
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Sample Restricted Stock Purchase Agreement Between Intermark, Inc. And Purchasers?
It is possible to commit hours on the web trying to find the lawful document template that fits the federal and state demands you will need. US Legal Forms offers a huge number of lawful types that happen to be examined by professionals. It is simple to obtain or printing the Michigan Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers from our support.
If you have a US Legal Forms account, you may log in and then click the Obtain key. After that, you may complete, change, printing, or signal the Michigan Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers. Each and every lawful document template you purchase is the one you have for a long time. To acquire another duplicate for any purchased type, go to the My Forms tab and then click the related key.
If you use the US Legal Forms web site the very first time, follow the basic recommendations beneath:
- First, be sure that you have chosen the right document template for the state/metropolis of your choosing. Read the type information to ensure you have selected the right type. If readily available, take advantage of the Review key to appear with the document template as well.
- If you wish to find another variation of your type, take advantage of the Look for area to get the template that suits you and demands.
- Once you have discovered the template you need, click Purchase now to proceed.
- Select the costs plan you need, key in your credentials, and register for your account on US Legal Forms.
- Total the transaction. You can use your Visa or Mastercard or PayPal account to fund the lawful type.
- Select the formatting of your document and obtain it for your product.
- Make adjustments for your document if necessary. It is possible to complete, change and signal and printing Michigan Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers.
Obtain and printing a huge number of document web templates using the US Legal Forms Internet site, that provides the greatest assortment of lawful types. Use specialist and state-distinct web templates to handle your company or specific requirements.
Form popularity
FAQ
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
A stock purchase agreement typically includes the following information: Your business name. The name and mailing address of the entity buying shares in your company's stocks. The par value (essentially the sale price) of the stocks being sold. The number of stocks the buyer is purchasing.
A Share Purchase Agreement generally includes information about: The person selling the shares. The person buying the shares. The number of shares being sold and their value. The company the shares are being transferred from. The number of shares being sold and their value.
Stock purchase agreements (SPAs) are legally binding contracts between shareholders and companies. Also known as share purchase agreements, these contracts establish all of the terms and conditions related to the sale of a company's stocks.
Stock Purchase Agreements enumerate various covenants and obligations of the parties in connection with closing the transaction and those that continue after the closing, such as (1) providing access to information for due diligence efforts, (2) cooperating with one another to make any filings or take further necessary ...
A SPA should specify the sale price for the shares, specify the currency and timescale for the sale, and list any other conditions like staged payments. Usually, payment is made in cash, although sometimes the buyer may offer the seller some of its shares, or issue loan notes to the seller.
A: The most common provisions included in restricted stock purchase agreements are restrictions on when and how stock can be sold or transferred; non-compete agreements; rights of first refusal; and termination clauses which allow either party to terminate the agreement under specified conditions.
Unlike restricted stock, an owner of a stock option does not have an actual ownership interest in the company at the time of issuance. A stock option is an agreement between the company and the employee that grants them the option to purchase company stock for an agreed-upon price.