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
Montana 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?
Choosing the right authorized record template can be a have a problem. Of course, there are plenty of layouts available online, but how will you find the authorized type you require? Take advantage of the US Legal Forms website. The assistance provides a large number of layouts, such as the Montana Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers, that can be used for company and private demands. All of the types are checked by specialists and meet up with state and federal specifications.
In case you are already authorized, log in in your profile and click on the Download switch to get the Montana Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers. Make use of your profile to check from the authorized types you possess ordered previously. Go to the My Forms tab of your respective profile and acquire yet another version in the record you require.
In case you are a fresh consumer of US Legal Forms, listed below are easy instructions for you to follow:
- Initial, ensure you have chosen the correct type for your town/region. You are able to examine the shape making use of the Review switch and browse the shape description to make sure it will be the right one for you.
- When the type will not meet up with your preferences, take advantage of the Seach industry to obtain the right type.
- When you are certain that the shape is acceptable, select the Buy now switch to get the type.
- Opt for the costs prepare you want and type in the necessary info. Create your profile and pay money for an order making use of your PayPal profile or credit card.
- Choose the data file file format and obtain the authorized record template in your device.
- Complete, revise and produce and indication the received Montana Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers.
US Legal Forms will be the most significant library of authorized types where you can see numerous record layouts. Take advantage of the company to obtain skillfully-made files that follow status specifications.
Form popularity
FAQ
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.
Following negotiation of the terms of the SPA and the due diligence process, the parties each sign the SPA, the buyer pays the purchase price and the shares are formally transferred to the buyer using a stock transfer form. Usually, this takes place on the same day.
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.
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 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.
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.