Travis Texas Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Travis
• 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 Travis Texas Sample Restricted Stock Purchase Agreement is a legally binding document outlining the terms and conditions of a stock purchase between Intermark, Inc. and Purchasers in the Travis, Texas area. This agreement ensures that the purchase of restricted stock is properly executed, protecting the interests of both parties involved. The Travis Texas Sample Restricted Stock Purchase Agreement is designed to provide a comprehensive framework for any stock purchase transaction in Travis, Texas. It outlines the key details such as the number of shares being purchased, the purchase price per share, and the total consideration for the restricted stock. Additionally, this agreement includes provisions that address the restrictions and conditions placed on the purchased stock. These restrictions may include limitations on the transferability of the shares, requirements for holding the shares for a specific period, and specific conditions for the release or removal of the restrictions. Furthermore, the Travis Texas Sample Restricted Stock Purchase Agreement includes clauses related to representations and warranties made by both Intermark, Inc. and the Purchaser. These provisions ensure that both parties have accurately disclosed any necessary information about the stock and their respective abilities to complete the transaction. It is important to note that while the content of the Travis Texas Sample Restricted Stock Purchase Agreement is standardized, there may be various types of this agreement based on the specific terms and conditions agreed upon by Intermark, Inc. and the Purchasers. These variations may include agreements specific to different industries, the inclusion of additional provisions to meet certain regulatory requirements, or modifications to address unique circumstances related to the stock purchase. In conclusion, the Travis Texas Sample Restricted Stock Purchase Agreement serves as a vital tool for facilitating the purchase of restricted stock between Intermark, Inc. and Purchasers in Travis, Texas. It sets forth the terms and conditions, protects the interests of both parties, and ensures a smooth and transparent transaction process.

Travis Texas Sample Restricted Stock Purchase Agreement is a legally binding document outlining the terms and conditions of a stock purchase between Intermark, Inc. and Purchasers in the Travis, Texas area. This agreement ensures that the purchase of restricted stock is properly executed, protecting the interests of both parties involved. The Travis Texas Sample Restricted Stock Purchase Agreement is designed to provide a comprehensive framework for any stock purchase transaction in Travis, Texas. It outlines the key details such as the number of shares being purchased, the purchase price per share, and the total consideration for the restricted stock. Additionally, this agreement includes provisions that address the restrictions and conditions placed on the purchased stock. These restrictions may include limitations on the transferability of the shares, requirements for holding the shares for a specific period, and specific conditions for the release or removal of the restrictions. Furthermore, the Travis Texas Sample Restricted Stock Purchase Agreement includes clauses related to representations and warranties made by both Intermark, Inc. and the Purchaser. These provisions ensure that both parties have accurately disclosed any necessary information about the stock and their respective abilities to complete the transaction. It is important to note that while the content of the Travis Texas Sample Restricted Stock Purchase Agreement is standardized, there may be various types of this agreement based on the specific terms and conditions agreed upon by Intermark, Inc. and the Purchasers. These variations may include agreements specific to different industries, the inclusion of additional provisions to meet certain regulatory requirements, or modifications to address unique circumstances related to the stock purchase. In conclusion, the Travis Texas Sample Restricted Stock Purchase Agreement serves as a vital tool for facilitating the purchase of restricted stock between Intermark, Inc. and Purchasers in Travis, Texas. It sets forth the terms and conditions, protects the interests of both parties, and ensures a smooth and transparent transaction process.