Contra Costa California Subscription Agreement for Employee Stock Purchase Plan of Gadzoox Networks, Inc.

• Category: Corporations - Public - Stock Subscription Agreements
• State: Multi-State
• County: Contra Costa
• Control #: US-EG-9134
• Format: Word; Rich Text

Description

1999 Employee Stock Purchase Plan Subscription Agreement of Gadzook Networks, Inc. dated 00/99. 3 pages The Contra Costa California Subscription Agreement for Employee Stock Purchase Plan of Maddox Networks, Inc. is a legally binding document that outlines the terms and conditions under which employees can purchase company stock. This agreement is specific to the Contra Costa County area in California and applies to employees of Maddox Networks, Inc. The purpose of this agreement is to provide employees with the opportunity to become shareholders in the company, allowing them to share in its success and potentially benefit from future stock price appreciation. By participating in the Employee Stock Purchase Plan (ESPN), employees can set aside a portion of their salary to purchase company stock at a predetermined price, which is typically lower than the market price. The Contra Costa California Subscription Agreement outlines important details such as the enrollment period, the maximum amount of stock that can be purchased, and the method of payment. It also specifies the length of time the agreement remains in effect, typically offering consecutive six-month periods during which employees can choose to participate in the ESPN. Some key terms and clauses commonly found in this type of subscription agreement may include: 1. Grant of Purchase Right: This section explains that by participating in the ESPN, employees receive the right to purchase shares of the company's stock. 2. Purchase Price: This clause defines the price at which employees can purchase the stock, often based on a discount from the fair market value. 3. Payment Method: The agreement will typically specify the payment options available to employees, such as payroll deductions or direct payment. 4. Stock Delivery: This section outlines how and when the purchased shares will be delivered to employees, usually after a specified holding period. 5. Vesting and Termination: The agreement may include provisions related to vesting, which determines when employees gain full ownership of the purchased stock. It also covers what happens if an employee leaves the company or is terminated. It's important to note that while the focus of this description is on the Contra Costa California subscription agreement, Maddox Networks, Inc. may offer similar agreements in other locations, such as different counties within California or even in other states. However, the specifics of those agreements may differ slightly depending on the applicable laws and regulations of those regions.

The Contra Costa California Subscription Agreement for Employee Stock Purchase Plan of Maddox Networks, Inc. is a legally binding document that outlines the terms and conditions under which employees can purchase company stock. This agreement is specific to the Contra Costa County area in California and applies to employees of Maddox Networks, Inc. The purpose of this agreement is to provide employees with the opportunity to become shareholders in the company, allowing them to share in its success and potentially benefit from future stock price appreciation. By participating in the Employee Stock Purchase Plan (ESPN), employees can set aside a portion of their salary to purchase company stock at a predetermined price, which is typically lower than the market price. The Contra Costa California Subscription Agreement outlines important details such as the enrollment period, the maximum amount of stock that can be purchased, and the method of payment. It also specifies the length of time the agreement remains in effect, typically offering consecutive six-month periods during which employees can choose to participate in the ESPN. Some key terms and clauses commonly found in this type of subscription agreement may include: 1. Grant of Purchase Right: This section explains that by participating in the ESPN, employees receive the right to purchase shares of the company's stock. 2. Purchase Price: This clause defines the price at which employees can purchase the stock, often based on a discount from the fair market value. 3. Payment Method: The agreement will typically specify the payment options available to employees, such as payroll deductions or direct payment. 4. Stock Delivery: This section outlines how and when the purchased shares will be delivered to employees, usually after a specified holding period. 5. Vesting and Termination: The agreement may include provisions related to vesting, which determines when employees gain full ownership of the purchased stock. It also covers what happens if an employee leaves the company or is terminated. It's important to note that while the focus of this description is on the Contra Costa California subscription agreement, Maddox Networks, Inc. may offer similar agreements in other locations, such as different counties within California or even in other states. However, the specifics of those agreements may differ slightly depending on the applicable laws and regulations of those regions.