New Mexico Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers: This Sample Restricted Stock Purchase Agreement ("Agreement") is entered into between Intermark, Inc. ("Company") and the Purchasers ("Purchasers") in the state of New Mexico. 1. Background and Purpose: This Agreement aims to establish a legally binding arrangement for the purchase of restricted stock in the Company by the Purchasers. The restricted stock represents an investment in the Company and carries certain limitations and conditions. 2. Definitions: — Restricted Stock: Common stock of the Company subject to restrictions as outlined in this Agreement. — Purchasers: Refers collectively to the individuals/entities acquiring the restricted stock. — Company: Intermark, Inc., a legally registered corporation in the state of New Mexico. 3. Purchase Terms: a. Quantity and Price: The Purchasers agree to purchase a specified number of shares of restricted stock at an agreed-upon purchase price per share. b. Payment: The Purchasers shall remit the total purchase price to the Company on or before a designated date. c. Representations: The Purchasers represent and warrant that all information provided to the Company is accurate and complete. d. Transfer Restrictions: The restricted stock purchased cannot be transferred or sold without complying with the terms mentioned herein. 4. Vesting and Restrictions: a. Vesting Schedule: The restricted stock shall vest according to a predetermined vesting schedule, subject to the Purchasers' continued employment or other specific conditions. b. Forfeiture Provisions: In case of termination of employment or breach of certain conditions, the Purchasers shall forfeit the invested portion of the restricted stock. 5. Rights and Obligations: a. Shareholder Rights: The Purchasers shall have the right to vote on matters brought to shareholders and shall receive dividends on the vesting shares. b. Company's Rights: The Company reserves the right to repurchase the restricted stock at certain events outlined in this Agreement. c. Confidentiality: The Purchasers shall maintain the confidentiality of any non-public information obtained regarding the Company. 6. Termination: a. Termination Events: Termination events include, but are not limited to, voluntary sale of the Company, liquidation, merger, or acquisition. b. Effect of Termination: In case of termination, the restrictions on invested shares will be lifted, and the Purchasers shall have the right to transfer or sell the surrendered stock. Different types of New Mexico Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers: — Initial Purchase Agreement: This type of agreement covers the initial purchase of restricted stock by the Purchasers at the commencement of their investment. — Amended and Restated Purchase Agreement: This agreement is formulated to modify or update the terms and conditions of the initial purchase agreement as agreed upon by both parties. — Recapitalization Agreement: If there are significant changes to the Company's capital structure, a recapitalization agreement may be executed between the Company and Purchasers, altering the terms of the restricted stock purchase agreement.
New Mexico 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
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
New Mexico Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers: This Sample Restricted Stock Purchase Agreement ("Agreement") is entered into between Intermark, Inc. ("Company") and the Purchasers ("Purchasers") in the state of New Mexico. 1. Background and Purpose: This Agreement aims to establish a legally binding arrangement for the purchase of restricted stock in the Company by the Purchasers. The restricted stock represents an investment in the Company and carries certain limitations and conditions. 2. Definitions: — Restricted Stock: Common stock of the Company subject to restrictions as outlined in this Agreement. — Purchasers: Refers collectively to the individuals/entities acquiring the restricted stock. — Company: Intermark, Inc., a legally registered corporation in the state of New Mexico. 3. Purchase Terms: a. Quantity and Price: The Purchasers agree to purchase a specified number of shares of restricted stock at an agreed-upon purchase price per share. b. Payment: The Purchasers shall remit the total purchase price to the Company on or before a designated date. c. Representations: The Purchasers represent and warrant that all information provided to the Company is accurate and complete. d. Transfer Restrictions: The restricted stock purchased cannot be transferred or sold without complying with the terms mentioned herein. 4. Vesting and Restrictions: a. Vesting Schedule: The restricted stock shall vest according to a predetermined vesting schedule, subject to the Purchasers' continued employment or other specific conditions. b. Forfeiture Provisions: In case of termination of employment or breach of certain conditions, the Purchasers shall forfeit the invested portion of the restricted stock. 5. Rights and Obligations: a. Shareholder Rights: The Purchasers shall have the right to vote on matters brought to shareholders and shall receive dividends on the vesting shares. b. Company's Rights: The Company reserves the right to repurchase the restricted stock at certain events outlined in this Agreement. c. Confidentiality: The Purchasers shall maintain the confidentiality of any non-public information obtained regarding the Company. 6. Termination: a. Termination Events: Termination events include, but are not limited to, voluntary sale of the Company, liquidation, merger, or acquisition. b. Effect of Termination: In case of termination, the restrictions on invested shares will be lifted, and the Purchasers shall have the right to transfer or sell the surrendered stock. Different types of New Mexico Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers: — Initial Purchase Agreement: This type of agreement covers the initial purchase of restricted stock by the Purchasers at the commencement of their investment. — Amended and Restated Purchase Agreement: This agreement is formulated to modify or update the terms and conditions of the initial purchase agreement as agreed upon by both parties. — Recapitalization Agreement: If there are significant changes to the Company's capital structure, a recapitalization agreement may be executed between the Company and Purchasers, altering the terms of the restricted stock purchase agreement.
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