Pennsylvania Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.

State:
Multi-State
Control #:
US-CC-16-152K
Format:
Word; 
Rich Text
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Description

This sample form, a detailed Sample Redemption Agreement/Executive Stock Purchase Agreement, is a model for use in corporate matters. The language may be very useful in drafting a similar document to fit your specific circumstances. Available in several standard formats.
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  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.
  • Preview Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.

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FAQ

A stock redemption agreement is a buy-sell agreement between a private corporation and its shareholders. The agreement stipulates that if a triggering event occurs, the company will purchase shares from the shareholder upon their exit from the company.

The redemption rights clause gives the owner of a property the right to reclaim his/her property during a foreclosure auction. The clause is often included in a mortgage agreement. Redemption rights allow the borrower to prevent foreclosure on the property by paying all liens or back taxes on the property.

Most importantly, a stock redemption plan provides tax-free, cash resources to pay a deceased owner's surviving family for their share of the business. Without extra funds available, a business might otherwise have to liquidate or sell assets in order to stay afloat during such a challenging time.

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.

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Pennsylvania Sample Redemption Agreement - Executive Stock Purchase Agreement of Pic N Save Corp.