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

• Category: Corporations - Public - Employees
• State: Multi-State
• County: San Diego
• 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 San Diego, California is a vibrant coastal city located in the southern part of the state. Known for its remarkable beaches, pleasant climate, and a wide range of attractions, San Diego offers residents and visitors an array of experiences. The San Diego, California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a legally binding contract that outlines the terms and conditions of purchasing restricted stock from Intermark, Inc. The agreement sets forth the rights, responsibilities, and restrictions of both Intermark, Inc. as the issuer of the restricted stock, and the Purchasers who are acquiring the stock. Some key elements covered in the agreement include: 1. Identity and Parties: The agreement clearly identifies Intermark, Inc. as the issuing company and provides details of the purchasers involved. 2. Stock Details: It entails a comprehensive description of the restricted stock being purchased, including the class, number of shares, and any relevant restrictions or limitations. 3. Purchase Price and Consideration: The agreement outlines the purchase price of the stock and the payment terms agreed upon by Intermark, Inc. and the purchasers. 4. Transfer Restrictions: It lays out any restrictions on transferring the stock, including lock-up periods, preemptive rights, or any other limitations as deemed necessary. 5. Representations and Warranties: Both parties provide assurances regarding their authority to enter into the agreement, the accuracy of the information provided, and compliance with any applicable laws or regulations. 6. Termination: The circumstances under which the agreement may be terminated by either party are specified, along with the consequences of termination. 7. Governing Law and Jurisdiction: The agreement determines the governing law and jurisdiction that will apply in case of any disputes or controversies. While there might not be different types of San Diego California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers, the agreement itself can be customized based on the specific needs and requirements of the parties involved.

San Diego, California is a vibrant coastal city located in the southern part of the state. Known for its remarkable beaches, pleasant climate, and a wide range of attractions, San Diego offers residents and visitors an array of experiences. The San Diego, California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a legally binding contract that outlines the terms and conditions of purchasing restricted stock from Intermark, Inc. The agreement sets forth the rights, responsibilities, and restrictions of both Intermark, Inc. as the issuer of the restricted stock, and the Purchasers who are acquiring the stock. Some key elements covered in the agreement include: 1. Identity and Parties: The agreement clearly identifies Intermark, Inc. as the issuing company and provides details of the purchasers involved. 2. Stock Details: It entails a comprehensive description of the restricted stock being purchased, including the class, number of shares, and any relevant restrictions or limitations. 3. Purchase Price and Consideration: The agreement outlines the purchase price of the stock and the payment terms agreed upon by Intermark, Inc. and the purchasers. 4. Transfer Restrictions: It lays out any restrictions on transferring the stock, including lock-up periods, preemptive rights, or any other limitations as deemed necessary. 5. Representations and Warranties: Both parties provide assurances regarding their authority to enter into the agreement, the accuracy of the information provided, and compliance with any applicable laws or regulations. 6. Termination: The circumstances under which the agreement may be terminated by either party are specified, along with the consequences of termination. 7. Governing Law and Jurisdiction: The agreement determines the governing law and jurisdiction that will apply in case of any disputes or controversies. While there might not be different types of San Diego California Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers, the agreement itself can be customized based on the specific needs and requirements of the parties involved.