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

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York is a county located on Long Island, New York. It is the easternmost county in the state and encompasses a diverse range of communities and areas of interest. One notable location within Suffolk County is the town of Slip, home to Intermark, Inc., a prominent corporation in the region. A Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a legal document outlining the terms and conditions of purchasing restricted stocks within the company. This agreement is crucial for both parties to establish a clear understanding of the purchase process, obligations, and restrictions associated with the acquisition of these stocks. Keywords related to this topic include Suffolk New York, Intermark, Inc., restricted stock purchase agreement, purchasers, Slip, Long Island, New York, and agreement terms. It is important to note that there may be several variations of this agreement, each tailored to specific scenarios or requirements. For instance, there might be specific agreements for different classes of purchasers or variations in the terms and conditions depending on the quantity or timing of the purchase. Regardless of the specific type of agreement, the main elements typically covered are the identification of parties involved, the number of shares being purchased, the purchase price, payment terms, and any restrictions imposed on the shares. Additionally, provisions relating to transferability, vesting schedules, and termination or amendment of the agreement might be included. The purpose of these agreements is to protect the interests of both Intermark, Inc. and the purchasers while ensuring compliance with relevant regulations and legal requirements. In conclusion, a Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a key document for individuals or entities considering purchasing restricted stocks within the company. Understanding the terms, conditions, and restrictions outlined in this agreement is crucial for a successful and legally compliant purchase.

Suffolk New York is a county located on Long Island, New York. It is the easternmost county in the state and encompasses a diverse range of communities and areas of interest. One notable location within Suffolk County is the town of Slip, home to Intermark, Inc., a prominent corporation in the region. A Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a legal document outlining the terms and conditions of purchasing restricted stocks within the company. This agreement is crucial for both parties to establish a clear understanding of the purchase process, obligations, and restrictions associated with the acquisition of these stocks. Keywords related to this topic include Suffolk New York, Intermark, Inc., restricted stock purchase agreement, purchasers, Slip, Long Island, New York, and agreement terms. It is important to note that there may be several variations of this agreement, each tailored to specific scenarios or requirements. For instance, there might be specific agreements for different classes of purchasers or variations in the terms and conditions depending on the quantity or timing of the purchase. Regardless of the specific type of agreement, the main elements typically covered are the identification of parties involved, the number of shares being purchased, the purchase price, payment terms, and any restrictions imposed on the shares. Additionally, provisions relating to transferability, vesting schedules, and termination or amendment of the agreement might be included. The purpose of these agreements is to protect the interests of both Intermark, Inc. and the purchasers while ensuring compliance with relevant regulations and legal requirements. In conclusion, a Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers is a key document for individuals or entities considering purchasing restricted stocks within the company. Understanding the terms, conditions, and restrictions outlined in this agreement is crucial for a successful and legally compliant purchase.