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
Maryland Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
Category:
State:
Multi-State
Control #:
US-CC-19-221
Format:
Word;
Rich Text
Instant download
Description
Free preview
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Built-in online Word editor
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Export easily
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
E-sign your document
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
Notarize online 24/7
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
Store your document securely
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Looking for another form?
How to fill out Sample Restricted Stock Purchase Agreement Between Intermark, Inc. And Purchasers?
If you wish to comprehensive, down load, or print out legal file themes, use US Legal Forms, the largest assortment of legal types, which can be found on the Internet. Make use of the site`s simple and hassle-free research to get the paperwork you will need. Numerous themes for enterprise and individual reasons are categorized by types and suggests, or key phrases. Use US Legal Forms to get the Maryland Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers within a handful of clicks.
In case you are previously a US Legal Forms buyer, log in in your accounts and click the Obtain option to have the Maryland Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers. You can even gain access to types you in the past downloaded in the My Forms tab of your respective accounts.
If you use US Legal Forms the very first time, refer to the instructions under:
- Step 1. Be sure you have selected the shape to the proper city/nation.
- Step 2. Take advantage of the Review method to look through the form`s articles. Do not forget to read the outline.
- Step 3. In case you are not satisfied with the kind, use the Lookup discipline towards the top of the screen to find other versions from the legal kind format.
- Step 4. Upon having discovered the shape you will need, click the Buy now option. Opt for the pricing prepare you like and add your accreditations to sign up for an accounts.
- Step 5. Process the transaction. You can utilize your charge card or PayPal accounts to accomplish the transaction.
- Step 6. Choose the structure from the legal kind and down load it on your gadget.
- Step 7. Comprehensive, revise and print out or signal the Maryland Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers.
Each legal file format you acquire is the one you have for a long time. You have acces to each and every kind you downloaded within your acccount. Go through the My Forms area and choose a kind to print out or down load again.
Contend and down load, and print out the Maryland Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers with US Legal Forms. There are millions of skilled and express-distinct types you can use for the enterprise or individual requires.
Form popularity
FAQ
A stock restriction agreement or SRA refers to the agreement made between a company and its founder for allotment of stock that places certain restrictions on its transfer.
A restricted stock unit (RSU) is a form of equity compensation that companies issue to employees. An RSU is a promise from your employer to give you shares of the company's stock (or the cash equivalent) on a future date?as soon as you meet certain conditions.
A Restricted Stock Purchase Agreement (RSPA) is an agreement issuing restricted stock. RSPAs are typically granted to founders to prevent the founder from leaving the company prematurely and taking a lot of the ownership with her. The RSPA establishes when the shares will fully vest and belong to the founder.
Unlike restricted stock, an owner of a stock option does not have an actual ownership interest in the company at the time of issuance. A stock option is an agreement between the company and the employee that grants them the option to purchase company stock for an agreed-upon price.
A founder stock purchase agreement is an agreement that documents ownership of a company in its beginning stages. This legal contract is not mandatory but is beneficial to establish a shareholder's stake in the company and determine the terms and conditions of that ownership.
Common restrictions on founders shares include a lock-up period, transfer restrictions, and repurchase rights. A lock-up period is a period of time during which the founders cannot sell or transfer their shares.
A: The most common provisions included in restricted stock purchase agreements are restrictions on when and how stock can be sold or transferred; non-compete agreements; rights of first refusal; and termination clauses which allow either party to terminate the agreement under specified conditions.
An RSPA will typically allow the Company to buyback shares from the founder through a repurchase option. The repurchase option can be triggered by a number of events, including the founder being fired or force to quit. Single / Double Trigger Acceleration.