Cuyahoga Ohio Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga County, located in Ohio, is the most populous county in the state and encompasses various cities, including Cleveland. It is renowned for its vibrant culture, diverse communities, and robust economy. Within Cuyahoga County lies the bustling corporate city of Intermark, Inc., a thriving organization engaged in various business activities. To facilitate investment opportunities, Intermark, Inc. has drafted a series of Sample Restricted Stock Purchase Agreements for prospective Purchasers. These legally binding agreements outline the terms and conditions of acquiring restricted stocks in the company. Here are two types of Cuyahoga Ohio Sample Restricted Stock Purchase Agreements available between Intermark, Inc. and Purchasers: 1. Standard Cuyahoga Ohio Sample Restricted Stock Purchase Agreement: This agreement forms the foundation for restricted stock purchases in Intermark, Inc. It offers a comprehensive framework that defines the total number of shares being sold, purchase price, payment terms, and the vesting schedule. The agreement also covers any restrictions on stock transferability, the involvement of investor rights, and potential provisions for termination or amendment. 2. Cuyahoga Ohio Sample Restricted Stock Purchase Agreement with Performance Vesting: This specialized agreement incorporates performance-based vesting provisions, ensuring that the Purchasers' stock ownership depends on achieving specific predetermined goals or milestones. It outlines the performance metrics, timeline, and consequences for non-attainment, providing a mechanism to align the interests of the company and the Purchasers. In both types of agreements, Intermark, Inc. aims to protect its interests and promote long-term partnerships with Purchasers. The agreements address crucial matters such as confidentiality, non-compete provisions, and the rights and obligations of each party involved. Overall, these Cuyahoga Ohio Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers exemplify the commitment to transparency, growth, and mutually beneficial relationships within the thriving business landscape of Cuyahoga County, Ohio.

Cuyahoga County, located in Ohio, is the most populous county in the state and encompasses various cities, including Cleveland. It is renowned for its vibrant culture, diverse communities, and robust economy. Within Cuyahoga County lies the bustling corporate city of Intermark, Inc., a thriving organization engaged in various business activities. To facilitate investment opportunities, Intermark, Inc. has drafted a series of Sample Restricted Stock Purchase Agreements for prospective Purchasers. These legally binding agreements outline the terms and conditions of acquiring restricted stocks in the company. Here are two types of Cuyahoga Ohio Sample Restricted Stock Purchase Agreements available between Intermark, Inc. and Purchasers: 1. Standard Cuyahoga Ohio Sample Restricted Stock Purchase Agreement: This agreement forms the foundation for restricted stock purchases in Intermark, Inc. It offers a comprehensive framework that defines the total number of shares being sold, purchase price, payment terms, and the vesting schedule. The agreement also covers any restrictions on stock transferability, the involvement of investor rights, and potential provisions for termination or amendment. 2. Cuyahoga Ohio Sample Restricted Stock Purchase Agreement with Performance Vesting: This specialized agreement incorporates performance-based vesting provisions, ensuring that the Purchasers' stock ownership depends on achieving specific predetermined goals or milestones. It outlines the performance metrics, timeline, and consequences for non-attainment, providing a mechanism to align the interests of the company and the Purchasers. In both types of agreements, Intermark, Inc. aims to protect its interests and promote long-term partnerships with Purchasers. The agreements address crucial matters such as confidentiality, non-compete provisions, and the rights and obligations of each party involved. Overall, these Cuyahoga Ohio Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers exemplify the commitment to transparency, growth, and mutually beneficial relationships within the thriving business landscape of Cuyahoga County, Ohio.