Restricted Stock Between For Advisors

• Category: Corporations - Public - Employees
• State: Multi-State
• Control #: US-CC-19-221
• Format: Word; Rich Text

Description

The Restricted Stock Purchase Agreement between Intermark, Inc. and the Purchaser outlines the sale of common stock under specific terms. It specifies the purchase of shares at $10-161 each and mandates that payment be made via promissory notes, secured by the stock itself. The agreement includes a vesting schedule, where 25% of the shares vest over four years, and sets forth the conditions under which unvested shares can be repurchased by the Corporation. It emphasizes the restricted nature of the stock, highlighting that it cannot be sold without proper registration or exemption under applicable laws. This form is particularly useful for attorneys, partners, and legal assistants who handle client transactions involving stock purchases, ensuring compliance with legal requirements and facilitating investment security. Additionally, it aids paralegals and associates in preparing necessary documentation and understanding the implications of stock ownership, including tax liabilities and transfer restrictions. Overall, this agreement serves as a critical tool for structured and secure equity compensation.