South Carolina 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 Title: South Carolina Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers Description: A South Carolina Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a legally binding document that outlines the terms and conditions for the purchase of restricted stock by the purchasers from Intermark, Inc. within the jurisdiction of South Carolina, USA. This detailed agreement protects the rights and interests of both parties involved. Keywords: South Carolina, Sample, Restricted Stock Purchase Agreement, Intermark, Inc., Purchasers Types of South Carolina Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers: 1. Employee Stock Purchase Agreement: This agreement is designed for Intermark, Inc. employees who wish to purchase restricted stock as part of their compensation package. It outlines the specific terms related to the purchase, vesting schedule, transferability, and any applicable restrictions. 2. Investor Stock Purchase Agreement: This agreement caters to external investors who are interested in purchasing restricted stock from Intermark, Inc. Investors are bound by specific terms concerning the purchase, transferability restrictions, lock-up periods, and provisions for potential future liquidity events. 3. Founders Stock Purchase Agreement: Created for the initial founders of Intermark, Inc., this agreement governs the purchase of restricted stock by the founders. It covers essential clauses, including vesting periods, repurchase rights, ownership transferability restrictions, and additional provisions to protect the founders' interests. 4. Equity Incentive Plan Stock Purchase Agreement: This agreement caters to individuals or entities who become part of Intermark, Inc.'s equity incentive plan. It outlines the terms for purchasing restricted stock within the plan, vesting schedules, stock options, repurchase rights, and any other relevant provisions relating to participation in the plan. 5. Secondary Market Stock Purchase Agreement: Applicable in cases when purchasers wish to acquire restricted stock from existing stockholders, this agreement ensures a smooth transaction between sellers and purchasers. It covers transfer approvals, right of first refusal, purchase price, representations, warranties, and any other pertinent terms for a secondary market stock purchase. South Carolina Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers provide a clear framework for the purchase and ownership of restricted stock within the state of South Carolina, safeguarding the rights and responsibilities of both Intermark, Inc. and the purchasers.

Title: South Carolina Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers Description: A South Carolina Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a legally binding document that outlines the terms and conditions for the purchase of restricted stock by the purchasers from Intermark, Inc. within the jurisdiction of South Carolina, USA. This detailed agreement protects the rights and interests of both parties involved. Keywords: South Carolina, Sample, Restricted Stock Purchase Agreement, Intermark, Inc., Purchasers Types of South Carolina Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers: 1. Employee Stock Purchase Agreement: This agreement is designed for Intermark, Inc. employees who wish to purchase restricted stock as part of their compensation package. It outlines the specific terms related to the purchase, vesting schedule, transferability, and any applicable restrictions. 2. Investor Stock Purchase Agreement: This agreement caters to external investors who are interested in purchasing restricted stock from Intermark, Inc. Investors are bound by specific terms concerning the purchase, transferability restrictions, lock-up periods, and provisions for potential future liquidity events. 3. Founders Stock Purchase Agreement: Created for the initial founders of Intermark, Inc., this agreement governs the purchase of restricted stock by the founders. It covers essential clauses, including vesting periods, repurchase rights, ownership transferability restrictions, and additional provisions to protect the founders' interests. 4. Equity Incentive Plan Stock Purchase Agreement: This agreement caters to individuals or entities who become part of Intermark, Inc.'s equity incentive plan. It outlines the terms for purchasing restricted stock within the plan, vesting schedules, stock options, repurchase rights, and any other relevant provisions relating to participation in the plan. 5. Secondary Market Stock Purchase Agreement: Applicable in cases when purchasers wish to acquire restricted stock from existing stockholders, this agreement ensures a smooth transaction between sellers and purchasers. It covers transfer approvals, right of first refusal, purchase price, representations, warranties, and any other pertinent terms for a secondary market stock purchase. South Carolina Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers provide a clear framework for the purchase and ownership of restricted stock within the state of South Carolina, safeguarding the rights and responsibilities of both Intermark, Inc. and the purchasers.