Houston Texas Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

• Category: Corporations - Public - Employees
• State: Multi-State
• City: Houston
• 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 A Sample Restricted Stock Purchase Agreement is a legally binding contract made between Intermark, Inc. and Purchasers for the sale and purchase of restricted stock in Houston, Texas. This agreement outlines the terms and conditions under which the purchase will take place, as well as the rights and restrictions associated with the purchased stock. The agreement starts with an introductory preamble that clearly identifies the parties involved, Intermark, Inc. and the Purchasers. It also provides background information regarding the purpose of the agreement and the intent of the parties. The main body of the agreement consists of various sections that cover key aspects such as the purchase price of the stock, the closing date, and representations and warranties made by both parties. It also includes provisions concerning restrictions on the transferability of the stock, voting rights, and rights to receive dividends. The agreement may also have provisions that address situations such as the termination or enforceability of the agreement, dispute resolution mechanisms, confidentiality obligations, and governing law. Different types of Houston, Texas Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers may include variations based on the number of shares being purchased, the specific terms of the purchase price, or additional clauses tailored to address unique circumstances. Examples of these variations could include agreements for the purchase of restricted stock by employees, consultants, or investors. In conclusion, a Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers in Houston, Texas is a comprehensive legal document that serves to establish the terms and conditions of the sale and purchase of restricted stock. It protects the rights and interests of both parties involved and ensures a clear understanding of the agreed-upon terms.

A Sample Restricted Stock Purchase Agreement is a legally binding contract made between Intermark, Inc. and Purchasers for the sale and purchase of restricted stock in Houston, Texas. This agreement outlines the terms and conditions under which the purchase will take place, as well as the rights and restrictions associated with the purchased stock. The agreement starts with an introductory preamble that clearly identifies the parties involved, Intermark, Inc. and the Purchasers. It also provides background information regarding the purpose of the agreement and the intent of the parties. The main body of the agreement consists of various sections that cover key aspects such as the purchase price of the stock, the closing date, and representations and warranties made by both parties. It also includes provisions concerning restrictions on the transferability of the stock, voting rights, and rights to receive dividends. The agreement may also have provisions that address situations such as the termination or enforceability of the agreement, dispute resolution mechanisms, confidentiality obligations, and governing law. Different types of Houston, Texas Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers may include variations based on the number of shares being purchased, the specific terms of the purchase price, or additional clauses tailored to address unique circumstances. Examples of these variations could include agreements for the purchase of restricted stock by employees, consultants, or investors. In conclusion, a Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers in Houston, Texas is a comprehensive legal document that serves to establish the terms and conditions of the sale and purchase of restricted stock. It protects the rights and interests of both parties involved and ensures a clear understanding of the agreed-upon terms.