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

State:
Multi-State
County:
Bronx
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

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.

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FAQ

A Share Sale and Purchase Agreement is an agreement for the sale and purchase of a stated number of shares at an agreed price. The shareholder selling their shares is the seller and the party buying the shares is the buyer. This agreement details the terms and conditions of the sale and purchase of the shares.

Stock purchase agreements (SPAs) are legally binding contracts between shareholders and companies. Also known as share purchase agreements, these contracts establish all of the terms and conditions related to the sale of a company's stocks.

Share Purchase Agreement Signing Requirements The Share Purchase Agreement needs to be signed by both the purchaser and seller of the shares. Before you put pen on paper, you want to review all the details and provisions for accuracy and your comfort level. It is not necessary to get the agreement notarized.

A stock restriction agreement (SRA) is a legal contract made between a company and its founders for an allotment of unvested shares of stock with certain restrictions on when it can be sold.

Share Purchase Agreement is an agreement entered into between the buyer and seller(s) of shares of a target company. Usually Share Purchase Agreements entail that the buyer would be taking over whole or significantly whole of the undertaking of the company.

Restricted Stock Purchase Agreement means a written agreement between the Company and the Optionee evidencing the terms and restrictions applying to stock purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms and conditions of the Plan and the Notice of Grant.

A unit purchase agreement is a legal document that business owners can use to buy goods and services. The seller can offer significant discounts on products or services for bulk purchases. The buyer may then choose not to use all of their allotted units if they do not need them at the time of sale.

The act governs, regulates, and maintains the contract of sale between the buyer and the seller. According to Section 2(1) of the Act, the buyer means someone who agrees to buy goods, while, according to Section 2(13), the seller is someone who sells or agrees to sell his goods.

The key provisions detail the terms of the transaction: the number and type of stock sold (i.e. common, preferred) the purchase price.

A stock purchase agreement is an agreement that two parties sign when shares of a company are being bought or sold. These agreements are often used by small corporations who sell stock. Either the company or shareholders in the organization can sell stock to buyers.

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