Cook Illinois Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Cook
• 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 Cook Illinois is a well-known transportation company based in Illinois. They provide various services such as school bus transportation, charter services, and shuttle services. As part of their business operations, Cook Illinois offers a Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers. This agreement outlines the terms and conditions for purchasing restricted stock within Cook Illinois. The Cook Illinois Sample Restricted Stock Purchase Agreement is a legally binding document that establishes the rights and obligations of Intermark, Inc. and the purchasers. It ensures that the purchasers have a clear understanding of their investment in Cook Illinois and protects their interests. This agreement is crucial in providing transparency and clarity on the stock purchasing process. There are different types of Cook Illinois Sample Restricted Stock Purchase Agreements available between Intermark, Inc. and Purchasers. Some common examples include: 1. Initial Public Offering (IPO) Restricted Stock Purchase Agreement: This type of agreement is executed when Cook Illinois goes public and offers its stock to the public for the first time. It outlines the conditions and restrictions associated with purchasing restricted stock during the IPO process. 2. Private Placement Restricted Stock Purchase Agreement: In certain cases, Cook Illinois may offer restricted stock to a select group of investors through a private placement. This agreement specifies the terms and conditions for purchasing restricted stock in this private offering, including any limitations or requirements imposed by Cook Illinois. 3. Secondary Market Restricted Stock Purchase Agreement: Sometimes, existing stockholders or employees of Cook Illinois may sell their restricted stock to other interested parties. This agreement governs the terms and conditions of such secondary market transactions, ensuring a smooth and regulated process for purchasing restricted stock. Regardless of the specific type, Cook Illinois Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers outline important details such as the number of shares being purchased, the purchase price, any vesting provisions, transfer restrictions, and other relevant terms and conditions. Investors and purchasers should carefully review the specific agreement that applies to their situation to understand their rights, obligations, and restrictions associated with purchasing restricted stock in Cook Illinois. It is always recommended seeking legal advice to ensure compliance with all applicable laws and regulations.

Cook Illinois is a well-known transportation company based in Illinois. They provide various services such as school bus transportation, charter services, and shuttle services. As part of their business operations, Cook Illinois offers a Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers. This agreement outlines the terms and conditions for purchasing restricted stock within Cook Illinois. The Cook Illinois Sample Restricted Stock Purchase Agreement is a legally binding document that establishes the rights and obligations of Intermark, Inc. and the purchasers. It ensures that the purchasers have a clear understanding of their investment in Cook Illinois and protects their interests. This agreement is crucial in providing transparency and clarity on the stock purchasing process. There are different types of Cook Illinois Sample Restricted Stock Purchase Agreements available between Intermark, Inc. and Purchasers. Some common examples include: 1. Initial Public Offering (IPO) Restricted Stock Purchase Agreement: This type of agreement is executed when Cook Illinois goes public and offers its stock to the public for the first time. It outlines the conditions and restrictions associated with purchasing restricted stock during the IPO process. 2. Private Placement Restricted Stock Purchase Agreement: In certain cases, Cook Illinois may offer restricted stock to a select group of investors through a private placement. This agreement specifies the terms and conditions for purchasing restricted stock in this private offering, including any limitations or requirements imposed by Cook Illinois. 3. Secondary Market Restricted Stock Purchase Agreement: Sometimes, existing stockholders or employees of Cook Illinois may sell their restricted stock to other interested parties. This agreement governs the terms and conditions of such secondary market transactions, ensuring a smooth and regulated process for purchasing restricted stock. Regardless of the specific type, Cook Illinois Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers outline important details such as the number of shares being purchased, the purchase price, any vesting provisions, transfer restrictions, and other relevant terms and conditions. Investors and purchasers should carefully review the specific agreement that applies to their situation to understand their rights, obligations, and restrictions associated with purchasing restricted stock in Cook Illinois. It is always recommended seeking legal advice to ensure compliance with all applicable laws and regulations.