Are you inside a situation where you need to have papers for sometimes organization or individual reasons almost every day? There are tons of lawful record templates available on the net, but locating versions you can trust is not straightforward. US Legal Forms offers a large number of kind templates, much like the Maine Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp., that happen to be written in order to meet state and federal demands.
When you are already acquainted with US Legal Forms internet site and possess a free account, simply log in. Next, you can download the Maine Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp. template.
If you do not provide an profile and would like to begin using US Legal Forms, follow these steps:
Discover every one of the record templates you have bought in the My Forms food selection. You can obtain a additional version of Maine Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp. at any time, if needed. Just click the needed kind to download or produce the record template.
Use US Legal Forms, the most comprehensive assortment of lawful forms, to conserve efforts and steer clear of blunders. The service offers expertly manufactured lawful record templates that you can use for a variety of reasons. Generate a free account on US Legal Forms and start producing your life a little easier.
Cross-purchase agreements allow remaining owners to buy the interests of a deceased or selling owner. Redemption agreements require the business entity to buy the interests of the selling owner.
With a redemption plan, the business enters into a contract with the owners to purchase each owner's interest at a specified time. In the cross- purchase arrangement, the owners establish an agreement among themselves to buy and sell the stock. The business entity is not a party to the arrangement.
Another common type of buy-sell agreement is the ?stock redemption? agreement. This is an agreement between shareholders in a company that states when a shareholder leaves the business, whether it be due to retirement, disability, death, or other reason, the departing members shares will be bought by the company.
When a corporation purchases the stock of a departing shareholder, it's called a ?redemption.? When the other stockholders purchase the stock, it's called a cross-purchase. Typically, the redemption versus cross-purchase decision doesn't impact the ultimate control results.