Sample Restricted Stock For Consultants

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

Description

The Sample Restricted Stock for Consultants agreement outlines the terms under which a corporation, Intermark, Inc., sells restricted stock to a purchaser for investment purposes. Key features include the purchase of shares at a specified price, the use of promissory notes for payment, and conditions for escrow and vesting of stock. The agreement specifies that stock will vest over four years, with provisions for what happens if the purchaser's employment is terminated. Legends on stock certificates indicate the securities are not registered, requiring compliance with securities laws for any transfers. This form is particularly useful for attorneys, partners, and owners in structuring ownership incentives for consultants, as it outlines legal obligations and protections for both parties. Paralegals and legal assistants can utilize this document to ensure compliance with regulatory requirements and assist in negotiations. Overall, this agreement serves as a foundation for establishing equity-based compensation arrangements effectively.
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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

Here's an example. Say you've been granted 1,500 RSUs and the vesting schedule is 20% after one year of service, and then equal quarterly installments thereafter for the next three years. This would mean that after staying with your company for a year, 300 shares would vest and become yours.

Vesting Schedules Example: You are granted 5,000 RSUs. Your graded vesting schedule spans four years, and 25% of the grant vests each year. At the first anniversary of your grant date and on the same date over the subsequent three years, 1,250 shares vest.

With respect to shares of Restricted Stock for which the Restrictions have lapsed (without forfeiture), the unrestricted shares of Restricted Stock shall be released to the Consultant by electronic transfer or in the form of a stock certificate, and such method of delivery shall be made at the Company's discretion.

Unlike ISOs, Non-qualified Stock Options (NSOs) can also be used with contractors and consultants and are not just limited to employees. Companies include incentive stock options (ISOs) in their compensation packages for high-level employees; they are also known as qualified stock options.

Stock options are granted in ance with the terms of a company's stock option plan. A stock option plan sets out the general terms that the company will set for Consultants to potentially receive option agreements, and sets out the company's intention to give Consultants options.

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Sample Restricted Stock For Consultants