Wisconsin 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: Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers Keywords: Restricted Stock Purchase Agreement, Intermark, Inc., Wisconsin, Purchasers, outline, terms, conditions, stock purchase price, restrictions, share transfer, vesting period, stockholder rights, obligations, breach, dispute resolution Introduction: The Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers sets out the terms and conditions governing the purchase of restricted stock by the purchasers from Intermark, Inc. This agreement outlines the rights, obligations, and restrictions associated with the purchase of restricted stock in the state of Wisconsin. I. Parties: This section identifies the parties involved in this agreement, namely Intermark, Inc. (the "Company") and the Purchasers who are acquiring the restricted stock. II. Stock Purchase Price: This section outlines the purchase price to be paid by the Purchasers for the restricted stock. It details the amount, currency, and any payment terms agreed upon by both parties. III. Stock Restrictions: This section covers the restrictions imposed on the purchased stock, including limitations on transferability, certain shareholder rights, and any other conditions mutually agreed upon. IV. Vesting Period: The Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers may include different types of vesting periods, such as time-based vesting or performance-based vesting. These periods define when the purchased stock will become fully owned by the Purchasers, subject to compliance with certain conditions. V. Stockholder Rights: This section describes the rights and privileges granted to the Purchasers as stockholders, including dividend entitlement, voting rights, and participation in corporate actions or decisions. VI. Obligations of Purchasers: This section outlines the responsibilities and obligations of the Purchasers, including compliance with applicable laws, confidentiality, non-competition, and any other terms agreed upon by the parties. VII. Breach and Termination: This section defines the consequences of any party's breach of the agreement and specifies the remedies available to the injured party, including potential termination of the agreement. VIII. Dispute Resolution: In the event of a dispute arising from this agreement, the Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers may outline a preferred method of dispute resolution, such as mediation, arbitration, or litigation, to resolve differences between the parties. Conclusion: The Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers establishes the framework for the purchase of restricted stock within the state of Wisconsin. This comprehensive agreement protects the rights and interests of both Intermark, Inc. and Purchasers, ensuring a transparent and mutually beneficial transaction.

Title: Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers Keywords: Restricted Stock Purchase Agreement, Intermark, Inc., Wisconsin, Purchasers, outline, terms, conditions, stock purchase price, restrictions, share transfer, vesting period, stockholder rights, obligations, breach, dispute resolution Introduction: The Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers sets out the terms and conditions governing the purchase of restricted stock by the purchasers from Intermark, Inc. This agreement outlines the rights, obligations, and restrictions associated with the purchase of restricted stock in the state of Wisconsin. I. Parties: This section identifies the parties involved in this agreement, namely Intermark, Inc. (the "Company") and the Purchasers who are acquiring the restricted stock. II. Stock Purchase Price: This section outlines the purchase price to be paid by the Purchasers for the restricted stock. It details the amount, currency, and any payment terms agreed upon by both parties. III. Stock Restrictions: This section covers the restrictions imposed on the purchased stock, including limitations on transferability, certain shareholder rights, and any other conditions mutually agreed upon. IV. Vesting Period: The Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers may include different types of vesting periods, such as time-based vesting or performance-based vesting. These periods define when the purchased stock will become fully owned by the Purchasers, subject to compliance with certain conditions. V. Stockholder Rights: This section describes the rights and privileges granted to the Purchasers as stockholders, including dividend entitlement, voting rights, and participation in corporate actions or decisions. VI. Obligations of Purchasers: This section outlines the responsibilities and obligations of the Purchasers, including compliance with applicable laws, confidentiality, non-competition, and any other terms agreed upon by the parties. VII. Breach and Termination: This section defines the consequences of any party's breach of the agreement and specifies the remedies available to the injured party, including potential termination of the agreement. VIII. Dispute Resolution: In the event of a dispute arising from this agreement, the Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers may outline a preferred method of dispute resolution, such as mediation, arbitration, or litigation, to resolve differences between the parties. Conclusion: The Wisconsin Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers establishes the framework for the purchase of restricted stock within the state of Wisconsin. This comprehensive agreement protects the rights and interests of both Intermark, Inc. and Purchasers, ensuring a transparent and mutually beneficial transaction.