New Mexico Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers: This Sample Restricted Stock Purchase Agreement ("Agreement") is entered into between Intermark, Inc. ("Company") and the Purchasers ("Purchasers") in the state of New Mexico. 1. Background and Purpose: This Agreement aims to establish a legally binding arrangement for the purchase of restricted stock in the Company by the Purchasers. The restricted stock represents an investment in the Company and carries certain limitations and conditions. 2. Definitions: — Restricted Stock: Common stock of the Company subject to restrictions as outlined in this Agreement. — Purchasers: Refers collectively to the individuals/entities acquiring the restricted stock. — Company: Intermark, Inc., a legally registered corporation in the state of New Mexico. 3. Purchase Terms: a. Quantity and Price: The Purchasers agree to purchase a specified number of shares of restricted stock at an agreed-upon purchase price per share. b. Payment: The Purchasers shall remit the total purchase price to the Company on or before a designated date. c. Representations: The Purchasers represent and warrant that all information provided to the Company is accurate and complete. d. Transfer Restrictions: The restricted stock purchased cannot be transferred or sold without complying with the terms mentioned herein. 4. Vesting and Restrictions: a. Vesting Schedule: The restricted stock shall vest according to a predetermined vesting schedule, subject to the Purchasers' continued employment or other specific conditions. b. Forfeiture Provisions: In case of termination of employment or breach of certain conditions, the Purchasers shall forfeit the invested portion of the restricted stock. 5. Rights and Obligations: a. Shareholder Rights: The Purchasers shall have the right to vote on matters brought to shareholders and shall receive dividends on the vesting shares. b. Company's Rights: The Company reserves the right to repurchase the restricted stock at certain events outlined in this Agreement. c. Confidentiality: The Purchasers shall maintain the confidentiality of any non-public information obtained regarding the Company. 6. Termination: a. Termination Events: Termination events include, but are not limited to, voluntary sale of the Company, liquidation, merger, or acquisition. b. Effect of Termination: In case of termination, the restrictions on invested shares will be lifted, and the Purchasers shall have the right to transfer or sell the surrendered stock. Different types of New Mexico Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers: — Initial Purchase Agreement: This type of agreement covers the initial purchase of restricted stock by the Purchasers at the commencement of their investment. — Amended and Restated Purchase Agreement: This agreement is formulated to modify or update the terms and conditions of the initial purchase agreement as agreed upon by both parties. — Recapitalization Agreement: If there are significant changes to the Company's capital structure, a recapitalization agreement may be executed between the Company and Purchasers, altering the terms of the restricted stock purchase agreement.
New Mexico Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
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FAQ
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.
Holders of share purchase rights may or may not buy an agreed number of shares of stock at a pre-determined price, but only if they are an existing stockholder. Options, on the other hand, are the right to buy or sell stocks at a pre-set price called the strike price.
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.
A stock purchase agreement typically includes the following information: Your business name. The name and mailing address of the entity buying shares in your company's stocks. The par value (essentially the sale price) of the stocks being sold. The number of stocks the buyer is purchasing.
Stock Options are usually better for both employee and employer at an early stage company. For a later stage company, RSUs are usually better for both.
RSAs vs. RSUs. Restricted stock awards (RSAs) and restricted stock units (RSUs) are two alternatives to stock options (such as ISOs and NSOs) that companies can use to compensate their employees. While stock options offer employees the ?option? to buy shares at a fixed price, RSAs and RSUs are grants of stock.
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.