Los Angeles California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Los Angeles
• 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 between Intermark, Inc. and Purchasers is a legally binding document that outlines the terms and conditions of the purchase and sale of restricted stock between Intermark, Inc. and the purchasers involved. Los Angeles, California, serves as the backdrop for this agreement, as it is the location where Intermark, Inc. is based, and where the purchase transaction takes place. The agreement encompasses various important details, with each section addressing specific aspects of the purchase. It begins with an introductory section, which includes the date of the agreement, the names of the parties involved (Intermark, Inc. and the purchasers), and their respective addresses. Following the introduction, there is a section dedicated to defining key terms used throughout the agreement. This ensures that both parties have a clear understanding of the terminologies used, eliminating any potential confusion or misinterpretation. The next section outlines the purchase terms, which include the number of shares being purchased, the purchase price per share, and the overall consideration for the restricted stock. It also mentions any conditions or restrictions imposed on the sale and transfer of the shares. Another crucial aspect covered in this agreement is the vesting schedule of the restricted stock. This section specifies the timeline and conditions under which the purchasers gain ownership rights to the shares. It may include provisions such as the option for accelerated vesting in case of a change of control event or termination. Furthermore, the agreement provides details regarding the rights and obligations of both Intermark, Inc. and the purchasers. It covers matters related to voting rights, dividends, and the responsibilities of the purchasers as shareholders, as well as any information rights granted to them. The agreement also typically addresses restrictions on the transfer of the purchased shares, such as preemptive rights of existing shareholders or mandatory rights of first refusal. It may contain provisions regarding transfer restrictions upon an initial public offering (IPO) or other events. Lastly, the agreement includes miscellaneous provisions covering various topics like dispute resolution, governing law, confidentiality, notices, and the entire agreement clause. In summary, a Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers in Los Angeles, California, serves as a comprehensive legal document governing the purchase and sale of restricted stock. It covers essential details such as purchase terms, vesting schedules, rights and obligations of the parties, transfer restrictions, and miscellaneous provisions. These agreements may have variations depending on the specific circumstances and negotiations between the parties involved.

A Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a legally binding document that outlines the terms and conditions of the purchase and sale of restricted stock between Intermark, Inc. and the purchasers involved. Los Angeles, California, serves as the backdrop for this agreement, as it is the location where Intermark, Inc. is based, and where the purchase transaction takes place. The agreement encompasses various important details, with each section addressing specific aspects of the purchase. It begins with an introductory section, which includes the date of the agreement, the names of the parties involved (Intermark, Inc. and the purchasers), and their respective addresses. Following the introduction, there is a section dedicated to defining key terms used throughout the agreement. This ensures that both parties have a clear understanding of the terminologies used, eliminating any potential confusion or misinterpretation. The next section outlines the purchase terms, which include the number of shares being purchased, the purchase price per share, and the overall consideration for the restricted stock. It also mentions any conditions or restrictions imposed on the sale and transfer of the shares. Another crucial aspect covered in this agreement is the vesting schedule of the restricted stock. This section specifies the timeline and conditions under which the purchasers gain ownership rights to the shares. It may include provisions such as the option for accelerated vesting in case of a change of control event or termination. Furthermore, the agreement provides details regarding the rights and obligations of both Intermark, Inc. and the purchasers. It covers matters related to voting rights, dividends, and the responsibilities of the purchasers as shareholders, as well as any information rights granted to them. The agreement also typically addresses restrictions on the transfer of the purchased shares, such as preemptive rights of existing shareholders or mandatory rights of first refusal. It may contain provisions regarding transfer restrictions upon an initial public offering (IPO) or other events. Lastly, the agreement includes miscellaneous provisions covering various topics like dispute resolution, governing law, confidentiality, notices, and the entire agreement clause. In summary, a Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers in Los Angeles, California, serves as a comprehensive legal document governing the purchase and sale of restricted stock. It covers essential details such as purchase terms, vesting schedules, rights and obligations of the parties, transfer restrictions, and miscellaneous provisions. These agreements may have variations depending on the specific circumstances and negotiations between the parties involved.