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
Washington 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?
US Legal Forms - among the most significant libraries of legal types in the United States - delivers an array of legal file templates you are able to download or produce. Utilizing the site, you will get a large number of types for company and person functions, categorized by categories, claims, or key phrases.You will find the latest versions of types much like the Washington Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers in seconds.
If you already have a membership, log in and download Washington Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers through the US Legal Forms library. The Obtain option will show up on each and every type you perspective. You have accessibility to all previously saved types inside the My Forms tab of your own accounts.
If you would like use US Legal Forms the first time, listed here are basic instructions to get you started:
- Make sure you have picked out the correct type to your area/area. Select the Review option to check the form`s information. Read the type information to ensure that you have selected the proper type.
- In the event the type does not fit your requirements, utilize the Look for area towards the top of the display to discover the the one that does.
- When you are satisfied with the shape, affirm your decision by clicking the Get now option. Then, opt for the costs plan you like and give your accreditations to sign up on an accounts.
- Method the financial transaction. Utilize your Visa or Mastercard or PayPal accounts to accomplish the financial transaction.
- Select the format and download the shape in your product.
- Make alterations. Complete, modify and produce and indication the saved Washington Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers.
Every single template you included with your bank account lacks an expiry time and is also your own for a long time. So, if you wish to download or produce yet another version, just check out the My Forms section and click on around the type you will need.
Obtain access to the Washington Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers with US Legal Forms, probably the most comprehensive library of legal file templates. Use a large number of professional and status-distinct templates that satisfy your company or person needs and requirements.
Form popularity
FAQ
Understanding Stock Purchase Agreements The basic terms of the deal are the seller's and buyer's legal names, the number of stocks being purchased and at what price, and the closing date.
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.
Here are 11 things to include in a stock purchase agreement. Buyer and Seller Information. The stock purchase agreement opens with an introduction of the buyer and seller. ... Transaction Date and Time. ... Value of Shares. ... Number of Shares Being Sold. ... Representations and Warranties. ... Payment Terms. ... Due Diligence. ... Indemnification.
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.
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.
When reviewing a Share Purchase Agreement (SPA), some of the key clauses to examine include: The parties to the transaction. The number and type of shares being sold. The purchase price and any adjustments. Representations and warranties of both parties. Indemnities and liabilities. Restrictions post completion.
A Restricted Stock Purchase Agreement (RSPA) is an agreement issuing restricted stock. RSPAs are typically granted to founders to prevent the founder from leaving the company prematurely and taking a lot of the ownership with her. The RSPA establishes when the shares will fully vest and belong to the founder.
An RSPA will typically allow the Company to buyback shares from the founder through a repurchase option. The repurchase option can be triggered by a number of events, including the founder being fired or force to quit. Single / Double Trigger Acceleration.