Restricted Stock Between Form 144

State:
Multi-State
Control #:
US-CC-19-221
Format:
Word; 
Rich Text
Instant download

Description

The Restricted Stock Purchase Agreement is a legal document that outlines the terms under which an individual, referred to as the Purchaser, can acquire shares of Common Stock from Intermark, Inc. The agreement specifies the purchase price, payment methods, and conditions under which the stock is held in escrow until the Purchaser fulfills their payment obligations. A notable feature includes the vesting schedule, allowing 25% of the shares to vest annually over a four-year period. Importantly, the Shares are deemed 'restricted securities' under Rule 144 of the Securities Act of 1933, which restricts resale and requires specific conditions to be met before transfers can occur. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form for drafting and executing stock purchase agreements, ensuring compliance with applicable securities laws. Filling and editing the form involves inserting relevant details such as the number of shares, price per share, and signatures. Familiarity with regulatory implications, especially regarding the resale of restricted stock, is essential for these professionals to effectively advise clients. Overall, this agreement aids in formalizing the relationship between corporations and their shareholders while providing security for the purchase price.
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  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

How to fill out Sample Restricted Stock Purchase Agreement Between Intermark, Inc. And Purchasers?

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FAQ

Rule 144 requires restricted stock to be held by its investors for 6 months before resale. After this time period, the investor can sell their shares.

Rule 144 provides an exemption and permits the public resale of restricted or control securities if a number of conditions are met, including how long the securities are held, the way in which they are sold, and the amount that can be sold at any one time.

Only a transfer agent can complete the task of removing a restrictive stock legend. The transfer agent will require an opinion letter from the issuer's counsel or from his or her own lawyer plus 144 papers completed by a broker?stating that the restricted legend can be removed.

Rule 144 provides an exemption and permits the public resale of restricted or control securities if a number of conditions are met, including how long the securities are held, the way in which they are sold, and the amount that can be sold at any one time.

Rule 145: What is it? Rule 145 is an SEC rule that allows companies to sell certain securities without first having to register the securities with the SEC. This specifically refers to stocks that an investor has received because of a merger, acquisition, or reclassification.

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Restricted Stock Between Form 144