Bronx New York Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Bronx
• 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 The Bronx, New York is a vibrant borough located in New York City. It is known for its rich cultural heritage, diverse population, and iconic landmarks. The Bronx is home to world-famous attractions like Yankee Stadium, Bronx Zoo, and the New York Botanical Garden. The Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers serves as a legal document outlining the terms and conditions of purchasing restricted stock. This agreement is designed to protect the rights and interests of both parties involved. The agreement outlines important clauses such as the purchase price, number of shares, and any restrictions or limitations on the purchased stock. It also includes provisions on transfer restrictions, rights and obligations of the parties, and governing law. There may be different types of Bronx, New York sample restricted stock purchase agreements between Intermark, Inc. and Purchasers, depending on the specific circumstances. These variations could include agreements tailored for different industries, stakeholder types (such as employees or investors), or even for specific investment rounds. Some common variations of restricted stock purchase agreements include the Employee Restricted Stock Purchase Agreement, Investor Restricted Stock Purchase Agreement, or Series A Restricted Stock Purchase Agreement. Each agreement may have specific provisions and terms relevant to the respective parties and their unique requirements. Overall, the sample restricted stock purchase agreement between Intermark, Inc. and Purchasers serves as a crucial legal tool ensuring a transparent and secure transaction for the purchase of restricted stock in the Bronx, New York.

The Bronx, New York is a vibrant borough located in New York City. It is known for its rich cultural heritage, diverse population, and iconic landmarks. The Bronx is home to world-famous attractions like Yankee Stadium, Bronx Zoo, and the New York Botanical Garden. The Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers serves as a legal document outlining the terms and conditions of purchasing restricted stock. This agreement is designed to protect the rights and interests of both parties involved. The agreement outlines important clauses such as the purchase price, number of shares, and any restrictions or limitations on the purchased stock. It also includes provisions on transfer restrictions, rights and obligations of the parties, and governing law. There may be different types of Bronx, New York sample restricted stock purchase agreements between Intermark, Inc. and Purchasers, depending on the specific circumstances. These variations could include agreements tailored for different industries, stakeholder types (such as employees or investors), or even for specific investment rounds. Some common variations of restricted stock purchase agreements include the Employee Restricted Stock Purchase Agreement, Investor Restricted Stock Purchase Agreement, or Series A Restricted Stock Purchase Agreement. Each agreement may have specific provisions and terms relevant to the respective parties and their unique requirements. Overall, the sample restricted stock purchase agreement between Intermark, Inc. and Purchasers serves as a crucial legal tool ensuring a transparent and secure transaction for the purchase of restricted stock in the Bronx, New York.