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

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Orange
• 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 Orange, California is a vibrant city located in Orange County, California. Known for its rich history, beautiful scenery, and thriving community, Orange offers a wide range of attractions and amenities for residents and visitors alike. The Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers outlines the terms and conditions of the purchase of restricted stock by the buyers. This agreement is designed to regulate the sale and transfer of restricted stock, which typically includes certain limitations and restrictions on the stock's transferability and sale. In the context of Orange, California, there may be different types of Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers, such as: 1. Standard Restricted Stock Purchase Agreement: This type of agreement is the most common and covers the purchase of restricted stock in a straightforward manner. It includes clauses related to the purchase price, transfer restrictions, vesting schedules, and any applicable tax considerations. 2. Founders' Restricted Stock Purchase Agreement: This agreement is tailored specifically for founders or initial owners of a company. It may include additional provisions related to the founders' roles and responsibilities, potential restrictions on stock transfers to maintain control, and any special terms agreed upon between the founders and Intermark, Inc. 3. Employee Restricted Stock Purchase Agreement: This agreement is crafted for employees who are granted restricted stock options as part of their compensation package. It may entail specific provisions related to employment terms, vesting schedules tied to their employment, and any conditions for stock transfer upon termination or retirement. 4. Investor Restricted Stock Purchase Agreement: This type of agreement is relevant when Intermark, Inc. seeks investment from outside parties (investors). It delineates the terms of the stock purchase, including the rights, preferences, and privileges granted to the investors. It may also outline any specific exit strategies or provisions for liquidity events. These are just a few examples of the different types of Sample Restricted Stock Purchase Agreements that could exist between Intermark, Inc. and Purchasers in Orange, California. The specific terms and provisions within each agreement may vary based on the unique circumstances, goals, and objectives of the involved parties.

Orange, California is a vibrant city located in Orange County, California. Known for its rich history, beautiful scenery, and thriving community, Orange offers a wide range of attractions and amenities for residents and visitors alike. The Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers outlines the terms and conditions of the purchase of restricted stock by the buyers. This agreement is designed to regulate the sale and transfer of restricted stock, which typically includes certain limitations and restrictions on the stock's transferability and sale. In the context of Orange, California, there may be different types of Sample Restricted Stock Purchase Agreements between Intermark, Inc. and Purchasers, such as: 1. Standard Restricted Stock Purchase Agreement: This type of agreement is the most common and covers the purchase of restricted stock in a straightforward manner. It includes clauses related to the purchase price, transfer restrictions, vesting schedules, and any applicable tax considerations. 2. Founders' Restricted Stock Purchase Agreement: This agreement is tailored specifically for founders or initial owners of a company. It may include additional provisions related to the founders' roles and responsibilities, potential restrictions on stock transfers to maintain control, and any special terms agreed upon between the founders and Intermark, Inc. 3. Employee Restricted Stock Purchase Agreement: This agreement is crafted for employees who are granted restricted stock options as part of their compensation package. It may entail specific provisions related to employment terms, vesting schedules tied to their employment, and any conditions for stock transfer upon termination or retirement. 4. Investor Restricted Stock Purchase Agreement: This type of agreement is relevant when Intermark, Inc. seeks investment from outside parties (investors). It delineates the terms of the stock purchase, including the rights, preferences, and privileges granted to the investors. It may also outline any specific exit strategies or provisions for liquidity events. These are just a few examples of the different types of Sample Restricted Stock Purchase Agreements that could exist between Intermark, Inc. and Purchasers in Orange, California. The specific terms and provisions within each agreement may vary based on the unique circumstances, goals, and objectives of the involved parties.