Nebraska Buy Sell or Stock Purchase Agreement Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance

• Category: Contracts - Buy Sell - Stock Purchases
• State: Multi-State
• Control #: US-00455BG
• Format: Word; Rich Text

Description

This form is set up as a Buy Sell Agreement between the Corporation and a key shareholder. It applies in the case of the death, disability, retirement or offer of shareholder to sell the stock during his lifetime. A Nebraska Buy Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with Option to Fund Purchase through Life Insurance is a legal contract that outlines the terms and conditions for the purchase and sale of shares of common stock in a closely held corporation located in Nebraska. This agreement includes a provision for funding the purchase through life insurance proceeds. Keywords: 1. Nebraska: This refers to the location of the closely held corporation and indicates that the agreement follows the laws and regulations of Nebraska. 2. Buy Sell Agreement: This refers to an agreement that governs the buyout of a shareholder's interest in a corporation. 3. Stock Purchase Agreement: This indicates that the agreement covers the purchase and sale of shares of common stock. 4. Common Stock: This refers to the type of stock being purchased and sold, typically representing ownership in the corporation. 5. Closely Held Corporation: This describes a corporation with a limited number of shareholders, often including close family members or a small group of individuals. 6. Option to Fund Purchase: This indicates that the agreement provides the option to finance the stock purchase using a specific method, which in this case is through life insurance. 7. Life Insurance: This refers to a contract between an individual and an insurance company, where the individual pays regular premiums in exchange for a death benefit that would be paid out to the named beneficiaries upon the individual's death. Different types of Nebraska Buy Sell or Stock Purchase Agreements Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance may include variations in terms and specific provisions based on the desires and needs of the parties involved. These variations might include different methods of determining the purchase price of the stock (e.g., agreed-upon value, book value, or independent appraisal), different terms for funding the purchase (e.g., through installment payments or a lump-sum payment), and different triggers for the agreement to take effect (e.g., death, disability, or retirement).

A Nebraska Buy Sell or Stock Purchase Agreement Covering Common Stock in a Closely Held Corporation with Option to Fund Purchase through Life Insurance is a legal contract that outlines the terms and conditions for the purchase and sale of shares of common stock in a closely held corporation located in Nebraska. This agreement includes a provision for funding the purchase through life insurance proceeds. Keywords: 1. Nebraska: This refers to the location of the closely held corporation and indicates that the agreement follows the laws and regulations of Nebraska. 2. Buy Sell Agreement: This refers to an agreement that governs the buyout of a shareholder's interest in a corporation. 3. Stock Purchase Agreement: This indicates that the agreement covers the purchase and sale of shares of common stock. 4. Common Stock: This refers to the type of stock being purchased and sold, typically representing ownership in the corporation. 5. Closely Held Corporation: This describes a corporation with a limited number of shareholders, often including close family members or a small group of individuals. 6. Option to Fund Purchase: This indicates that the agreement provides the option to finance the stock purchase using a specific method, which in this case is through life insurance. 7. Life Insurance: This refers to a contract between an individual and an insurance company, where the individual pays regular premiums in exchange for a death benefit that would be paid out to the named beneficiaries upon the individual's death. Different types of Nebraska Buy Sell or Stock Purchase Agreements Covering Common Stock in Closely Held Corporation with Option to Fund Purchase through Life Insurance may include variations in terms and specific provisions based on the desires and needs of the parties involved. These variations might include different methods of determining the purchase price of the stock (e.g., agreed-upon value, book value, or independent appraisal), different terms for funding the purchase (e.g., through installment payments or a lump-sum payment), and different triggers for the agreement to take effect (e.g., death, disability, or retirement).