Montana Stock Redemption Agreements are legal contracts that outline the terms and conditions for the redemption of stock in a corporation located in the state of Montana. Specifically, this description focuses on the Stock Redemption Agreements involving Fair Lanes, Inc., a company based in Montana. Fair Lanes, Inc. is a leading corporation in the entertainment industry, specializing in the operation and management of bowling alleys and related facilities. They have various types of Stock Redemption Agreements tailored to specific scenarios and circumstances. Below are some different types of agreements you may encounter in relation to Fair Lanes, Inc.: 1. Standard Stock Redemption Agreement: This agreement sets forth the terms by which Fair Lanes, Inc. can redeem stock from its shareholders. It typically outlines the redemption price, notification and approval procedures, and any applicable restrictions or requirements. 2. Voluntary Stock Redemption Agreement: This agreement allows shareholders of Fair Lanes, Inc. to willingly offer their shares for redemption. It can be used when a shareholder wants to exit the company or when there is a need for change in ownership structure. 3. Involuntary Stock Redemption Agreement: This agreement comes into play in situations where Fair Lanes, Inc. has the right to force the redemption of the stock held by its shareholders. This may occur due to a breach of contract, violation of company policies, or specific triggers mentioned in the agreement. 4. Buy-Sell Stock Redemption Agreement: A buy-sell agreement is designed to provide a mechanism for the transfer of shares in Fair Lanes, Inc. upon certain events, such as the death, disability, retirement, or termination of a shareholder. It ensures a smooth transition and continuity of ownership within the company. 5. Fair Market Value Stock Redemption Agreement: This agreement determines the redemption price of the stock based on its fair market value. An independent appraisal or valuation process may be involved to assess the fair market value of the stock before it is redeemed. Fair Lanes, Inc. may insert exhibits into these Stock Redemption Agreements to further clarify or include additional terms. These exhibits could include financial statements, stock certificates, company bylaws, shareholder agreements, or any relevant documents that support the redemption process. In conclusion, Montana Stock Redemption Agreements, specifically those associated with Fair Lanes, Inc., govern the redemption of stock within the company. These agreements can be categorized into different types such as Standard, Voluntary, Involuntary, Buy-Sell, or Fair Market Value Stock Redemption Agreements. Exhibits are often attached to these agreements, providing additional information and supporting documentation.