Pima Arizona Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Pima
• 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 Title: Exploring the Lima Arizona Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers Introduction: The Lima Arizona Sample Restricted Stock Purchase Agreement serves as a legally binding document between Intermark, Inc. (the "Company") and prospective purchasers (the "Purchasers"), outlining the terms and conditions of purchasing restricted stocks. This article will provide a detailed description of this agreement, highlighting its key components, types, and relevant keywords. Key Components of the Sample Restricted Stock Purchase Agreement: 1. Parties involved: The agreement identifies Intermark, Inc. as the issuing company and the purchasers as individuals or entities acquiring restricted stocks. 2. Stock purchase details: The agreement specifies the number of restricted shares being purchased by the purchasers, the purchase price, and any applicable payment terms. 3. Vesting schedule: This outlines the incremental period within which the purchased restricted stocks will be fully owned by the purchasers. Vesting schedules can vary depending on the agreement's terms. 4. Transfer restrictions: The agreement may include provisions detailing limitations on the sale, transfer, or assignment of the restricted stocks by the purchasers. 5. Compliance with laws: It highlights the obligation of both parties to comply with relevant securities laws, tax regulations, and other applicable legal provisions. 6. Termination provisions: The agreement may establish conditions under which the purchase agreement can be terminated, such as breach of obligations, bankruptcy, or agreement expiration. Types of Lima Arizona Sample Restricted Stock Purchase Agreements: 1. Standard Restricted Stock Purchase Agreement: This is a typical agreement that outlines common terms and conditions for purchasing restricted stocks. 2. Customized Restricted Stock Purchase Agreement: This type of agreement is tailored to meet specific requirements or unique circumstances related to Intermark, Inc. and the purchasers. 3. Performance-Based Restricted Stock Purchase Agreement: This agreement introduces additional criteria, such as targets, milestones, or performance goals that must be met to acquire the fully vested restricted stocks. 4. Restricted Stock Purchase Agreement for Key Employees: Some agreements may be specifically designed for key employees, offering distinct terms and benefits to incentivize and retain top talent. Relevant Keywords: 1. Restricted stock purchase agreement 2. Intermark, Inc. 3. Purchasers 4. Lima, Arizona 5. Restricted stocks 6. Agreement terms and conditions 7. Vesting schedule 8. Transfer restrictions 9. Compliance with laws 10. Termination provisions 11. Customized agreement 12. Performance-based agreement 13. Key employee agreement 14. Purchase price 15. Payment terms Conclusion: The Lima Arizona Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers plays a pivotal role in outlining the terms, conditions, and obligations associated with purchasing restricted stocks. By understanding its key components, types, and using relevant keywords, individuals can gain a comprehensive understanding of this agreement's significance within the context of Lima, Arizona.

Title: Exploring the Lima Arizona Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers Introduction: The Lima Arizona Sample Restricted Stock Purchase Agreement serves as a legally binding document between Intermark, Inc. (the "Company") and prospective purchasers (the "Purchasers"), outlining the terms and conditions of purchasing restricted stocks. This article will provide a detailed description of this agreement, highlighting its key components, types, and relevant keywords. Key Components of the Sample Restricted Stock Purchase Agreement: 1. Parties involved: The agreement identifies Intermark, Inc. as the issuing company and the purchasers as individuals or entities acquiring restricted stocks. 2. Stock purchase details: The agreement specifies the number of restricted shares being purchased by the purchasers, the purchase price, and any applicable payment terms. 3. Vesting schedule: This outlines the incremental period within which the purchased restricted stocks will be fully owned by the purchasers. Vesting schedules can vary depending on the agreement's terms. 4. Transfer restrictions: The agreement may include provisions detailing limitations on the sale, transfer, or assignment of the restricted stocks by the purchasers. 5. Compliance with laws: It highlights the obligation of both parties to comply with relevant securities laws, tax regulations, and other applicable legal provisions. 6. Termination provisions: The agreement may establish conditions under which the purchase agreement can be terminated, such as breach of obligations, bankruptcy, or agreement expiration. Types of Lima Arizona Sample Restricted Stock Purchase Agreements: 1. Standard Restricted Stock Purchase Agreement: This is a typical agreement that outlines common terms and conditions for purchasing restricted stocks. 2. Customized Restricted Stock Purchase Agreement: This type of agreement is tailored to meet specific requirements or unique circumstances related to Intermark, Inc. and the purchasers. 3. Performance-Based Restricted Stock Purchase Agreement: This agreement introduces additional criteria, such as targets, milestones, or performance goals that must be met to acquire the fully vested restricted stocks. 4. Restricted Stock Purchase Agreement for Key Employees: Some agreements may be specifically designed for key employees, offering distinct terms and benefits to incentivize and retain top talent. Relevant Keywords: 1. Restricted stock purchase agreement 2. Intermark, Inc. 3. Purchasers 4. Lima, Arizona 5. Restricted stocks 6. Agreement terms and conditions 7. Vesting schedule 8. Transfer restrictions 9. Compliance with laws 10. Termination provisions 11. Customized agreement 12. Performance-based agreement 13. Key employee agreement 14. Purchase price 15. Payment terms Conclusion: The Lima Arizona Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers plays a pivotal role in outlining the terms, conditions, and obligations associated with purchasing restricted stocks. By understanding its key components, types, and using relevant keywords, individuals can gain a comprehensive understanding of this agreement's significance within the context of Lima, Arizona.