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
Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
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FAQ
Restricted stock units are a way an employer can grant company shares to employees. The grant is "restricted" because it is subject to a vesting schedule, which can be based on length of employment or on performance goals, and because it is governed by other limits on transfers or sales that your company can impose.
This Stock Purchase Agreement (sometimes called an Share Purchase Agreement or SPA) sets forth terms of the sale and transfer of a company's stock to a purchaser. Stock Purchase Agreements are often used to effect the acquisition of a company through the purchase of the majority of stock in that company.
A stock restriction agreement (SRA) is a legal contract made between a company and its founders for an allotment of unvested shares of stock with certain restrictions on when it can be sold.
Name of company. Par value of shares. Name of purchaser. Warranties and representations made by the seller and purchaser. Possible employee issues such as benefits and bonuses. How many shares are being sold. Where and when the transaction takes place.
Buyer and seller information. Property details. Pricing and financing. Fixtures and appliances included/excluded in the sale. Closing and possession dates. Earnest money deposit amount. Closing costs and who is responsible for paying.
RSUs give an employee interest in company stock but they have no tangible value until vesting is complete.Upon vesting, they are considered income, and a portion of the shares is withheld to pay income taxes. The employee receives the remaining shares and can sell them at their discretion.
Restricted stock units are often offered as part of a compensation package to attract and retain key employees They are restricted in that certain requirements must be met before the employee can obtain full ownership rights to the value of the units.
A restricted stock purchase agreement is a type of written agreement that places restrictions on the stockholder's rights with respect to the shares being issued.of the shares and grant a series of rights in favor of the Company to buyback shares, exercise a right of first refusal, and others.
Restricted stock is given by a corporation, while common stock can be bought and sold at any time.This makes the recipient of the stock liable for income-tax consequences immediately but establishes a cost basis.