Hennepin Minnesota Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Hennepin
• 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 Hennepin County, Minnesota is a vibrant and diverse region located in the heart of the state. It is home to the bustling city of Minneapolis and offers a mix of urban amenities and natural beauty. Within Hennepin County, there are several types of Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers that cater to different needs and circumstances. 1. Hennepin County Sample Restricted Stock Purchase Agreement for Publicly Traded Companies: This type of agreement caters to publicly traded companies based in Hennepin County, Minnesota. It outlines the terms and conditions for purchasing restricted stocks from Intermark, Inc. by interested purchasers. The agreement includes clauses related to pricing, quantity, vesting periods, and transferability restrictions. 2. Hennepin County Sample Restricted Stock Purchase Agreement for Startups: Geared towards startups and emerging businesses in Hennepin County, this agreement focuses on providing flexible terms and conditions for purchasing restricted stocks from Intermark, Inc. by purchasers. It includes clauses related to valuation methodologies, acceleration of vesting upon exit, rights of first refusal, and anti-dilution provisions. 3. Hennepin County Sample Restricted Stock Purchase Agreement for Employee Stock Ownership Plans (ESOP): This particular agreement caters to companies in Hennepin County that have implemented Sops. It outlines the terms and conditions for employees to purchase restricted stocks from Intermark, Inc. through the ESOP structure. The agreement addresses eligibility criteria, pricing, vesting schedules, and rights and responsibilities of the ESOP participants. 4. Hennepin County Sample Restricted Stock Purchase Agreement for Non-Profit Organizations: Non-profit organizations and foundations in Hennepin County can benefit from this agreement, which allows them to purchase restricted stocks from Intermark, Inc. The agreement includes specific provisions related to tax-exempt status, transfer restrictions, voting rights, and the requirement to comply with non-profit regulatory frameworks. Each of these Hennepin County Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers are tailored to address the unique needs and objectives of different entities operating within Hennepin County, Minnesota. The agreements provide a clear framework for the purchase and ownership of restricted stocks, ensuring a transparent and mutually beneficial relationship between Intermark, Inc. and the purchasers.

Hennepin County, Minnesota is a vibrant and diverse region located in the heart of the state. It is home to the bustling city of Minneapolis and offers a mix of urban amenities and natural beauty. Within Hennepin County, there are several types of Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers that cater to different needs and circumstances. 1. Hennepin County Sample Restricted Stock Purchase Agreement for Publicly Traded Companies: This type of agreement caters to publicly traded companies based in Hennepin County, Minnesota. It outlines the terms and conditions for purchasing restricted stocks from Intermark, Inc. by interested purchasers. The agreement includes clauses related to pricing, quantity, vesting periods, and transferability restrictions. 2. Hennepin County Sample Restricted Stock Purchase Agreement for Startups: Geared towards startups and emerging businesses in Hennepin County, this agreement focuses on providing flexible terms and conditions for purchasing restricted stocks from Intermark, Inc. by purchasers. It includes clauses related to valuation methodologies, acceleration of vesting upon exit, rights of first refusal, and anti-dilution provisions. 3. Hennepin County Sample Restricted Stock Purchase Agreement for Employee Stock Ownership Plans (ESOP): This particular agreement caters to companies in Hennepin County that have implemented Sops. It outlines the terms and conditions for employees to purchase restricted stocks from Intermark, Inc. through the ESOP structure. The agreement addresses eligibility criteria, pricing, vesting schedules, and rights and responsibilities of the ESOP participants. 4. Hennepin County Sample Restricted Stock Purchase Agreement for Non-Profit Organizations: Non-profit organizations and foundations in Hennepin County can benefit from this agreement, which allows them to purchase restricted stocks from Intermark, Inc. The agreement includes specific provisions related to tax-exempt status, transfer restrictions, voting rights, and the requirement to comply with non-profit regulatory frameworks. Each of these Hennepin County Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers are tailored to address the unique needs and objectives of different entities operating within Hennepin County, Minnesota. The agreements provide a clear framework for the purchase and ownership of restricted stocks, ensuring a transparent and mutually beneficial relationship between Intermark, Inc. and the purchasers.