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

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Kings
• 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 Kings New York Sample Restricted Stock Purchase Agreement is a legal document that outlines the terms and conditions between Intermark, Inc. (the "Company") and the Purchasers regarding the purchase of restricted stock. This agreement governs the acquisition of restricted stock, which refers to company shares subject to certain restrictions or limitations on transferability or sale. The Kings New York Sample Restricted Stock Purchase Agreement is structured to protect the interests of the Company and the Purchasers. It includes detailed provisions regarding the purchase price, the number of shares being acquired, and the vesting schedule. The agreement stipulates the conditions under which the shares may be transferred or sold, ensuring that the Company and Purchasers comply with applicable securities regulations. There may be different types of Kings New York Sample Restricted Stock Purchase Agreement, tailored to specific circumstances or variations in the terms and conditions. Some common types include: 1. Standard Restricted Stock Purchase Agreement: This is the most commonly used form which outlines the general terms and conditions surrounding the purchase of restricted stock by the Purchasers. 2. Employee Restricted Stock Purchase Agreement: Specifically designed for employees, this agreement may contain additional provisions related to employment, termination, and the impact of stock options or other benefits. 3. Vendor or Consultant Restricted Stock Purchase Agreement: This type of agreement reflects the specifics of a business relationship with a vendor or consultant. It may address aspects such as performance criteria or the provision of services in exchange for the stock purchase. 4. Founders Restricted Stock Purchase Agreement: Designed for founders or key executives, this agreement may offer special terms or conditions related to their role within the Company, including vesting schedules and potential buyback provisions. 5. Investor Restricted Stock Purchase Agreement: When the Purchaser is an investor, this agreement may incorporate specific rights and privileges, such as anti-dilution provisions, liquidation preferences, or participation rights in future financing rounds. These various types of Kings New York Sample Restricted Stock Purchase Agreements ensure the document is tailored to meet the unique circumstances of the transaction and the relationship between Intermark, Inc. and the Purchasers. It is essential to seek legal counsel to determine the appropriate agreement type and customize it based on specific requirements and applicable laws.

Kings New York Sample Restricted Stock Purchase Agreement is a legal document that outlines the terms and conditions between Intermark, Inc. (the "Company") and the Purchasers regarding the purchase of restricted stock. This agreement governs the acquisition of restricted stock, which refers to company shares subject to certain restrictions or limitations on transferability or sale. The Kings New York Sample Restricted Stock Purchase Agreement is structured to protect the interests of the Company and the Purchasers. It includes detailed provisions regarding the purchase price, the number of shares being acquired, and the vesting schedule. The agreement stipulates the conditions under which the shares may be transferred or sold, ensuring that the Company and Purchasers comply with applicable securities regulations. There may be different types of Kings New York Sample Restricted Stock Purchase Agreement, tailored to specific circumstances or variations in the terms and conditions. Some common types include: 1. Standard Restricted Stock Purchase Agreement: This is the most commonly used form which outlines the general terms and conditions surrounding the purchase of restricted stock by the Purchasers. 2. Employee Restricted Stock Purchase Agreement: Specifically designed for employees, this agreement may contain additional provisions related to employment, termination, and the impact of stock options or other benefits. 3. Vendor or Consultant Restricted Stock Purchase Agreement: This type of agreement reflects the specifics of a business relationship with a vendor or consultant. It may address aspects such as performance criteria or the provision of services in exchange for the stock purchase. 4. Founders Restricted Stock Purchase Agreement: Designed for founders or key executives, this agreement may offer special terms or conditions related to their role within the Company, including vesting schedules and potential buyback provisions. 5. Investor Restricted Stock Purchase Agreement: When the Purchaser is an investor, this agreement may incorporate specific rights and privileges, such as anti-dilution provisions, liquidation preferences, or participation rights in future financing rounds. These various types of Kings New York Sample Restricted Stock Purchase Agreements ensure the document is tailored to meet the unique circumstances of the transaction and the relationship between Intermark, Inc. and the Purchasers. It is essential to seek legal counsel to determine the appropriate agreement type and customize it based on specific requirements and applicable laws.