RestrictedStockPurchaseAgreement有限股权购买协定docWord格式.docx

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RestrictedStockPurchaseAgreement有限股权购买协定docWord格式.docx

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RestrictedStockPurchaseAgreement有限股权购买协定docWord格式.docx

ThisRestrictedStockPurchaseAgreement(Agreement)ismadeasof_________,_________,_________(M/D/Y)byandbetweenAAA,a_________corporation(Company),andBBB(sb)(Purchaser).

 

WHEREAS,CompanydesirestoissueandsellsharesofitsCommonStocktoPurchaserandPurchaserdesirestopurchasesuchsharesuponthetermsandconditionssetforthherein.

NOW,THEREFORE,thepartiesagreeasfollows:

1.PURCHASEANDSALEOFCOMMONSTOCK.

1.1PURCHASE.SubjecttothetermsandconditionsofthisAgreement,CompanyherebyissuesandsellstoPurchaserandPurchaserpurchasesfromCompanyupontheexecutionofthisAgreement,_________(_________)sharesofCommonStockofCompany(individuallyaShareorcollectivelytheShares)atthepriceof_________Dollar($_________)perShare(thePurchasePrice),foranaggregatepurchasepriceof_________Dollars($_________).SaidPurchasePriceshallbepaidincashorpursuanttothetermsofthepromissorynoteattachedasEXHIBITChereto.IfPurchaserexecutessaidpromissorynote,PurchasershallalsosignastockpledgeagreementintheformattachedasEXHIBITDhereto.

1.2DELIVERYOFSHARES.ThecertificatesrepresentingtheSharesshallbeheldinescrowbyCCCLLP,attorneysforCompany,asprovidedbelow.

2.UNVESTEDSHARES.

2.1GENERALLY.ForpurposesofthisAgreement,thetermUnvestedSharesshallinitiallymeanonehundredpercent(100%)oftheSharesbeingissuedbyCompanytoPurchaserpursuanttothisAgreement;

provided,however,thatsubjecttoSections2.2and3below,theUnvestedSharesshallbecomeVestedShareswithrespectto(a)onesixth(1/6)oftheShareson_________(M,D,Y)(hereinaftersuchdateshallbereferredtoastheInitialVestingDate),(b)anadditionalonethird(1/3)oftheSharesone

(1)yearaftertheInitialVestingDateand(c)thebalanceoftheSharestwo

(2)yearsaftertheInitialVestingDate,solongasPurchaserremainsafull-timeemployeeofCompanyduringtheapplicableannualvestingperiods,sothattwo

(2)yearsaftertheInitialVestingDate(providedthatPurchaserremainsafull-timeemployeeofCompanyduringsuchvestingperiod)alloftheSharesshallbeVestedShares.

2.2TERMINATIONOFEMPLOYMENTWITHOUTCAUSEORFORGOODREASON.IftheCompanyterminatesPurchaser’sstatusasafull-timeemployeeoftheCompanywithoutCause,orifPurchasercompletelyterminateshisemploymentwiththeCompanyforGoodReason,additionalUnvestedSharesshallbecomeVestedSharesinaccordancewiththefollowing:

(a)ifsuchterminationoccursbeforetheInitialVestingDate,onesixth(1/6)oftheSharesshallbecomeVestedShares;

(b)ifsuchterminationoccursonorafter,butlessthanone

(1)yearafter,theInitialVestingDate,anadditionalonethird(1/3)oftheSharesshallbecomeVestedShares;

and(c)ifsuchterminationoccursatleastone

(1)yearaftertheInitialVestingDate,alloftheSharesshallbecomeVestedShares.

2.3TERMINATIONOFEMPLOYMENTWITHOUTCAUSEORFORGOODREASONFOLLOWINGACHANGEINCONTROL.If,withintheperiodcommencingthree(3)monthspriorto,andendingone

(1)yearafter,aChangeinControl,theCompanyterminatesPurchaser’sstatusasafull-timeemployeeoftheCompanywithoutCauseorPurchasercompletelyterminateshisemploymentwiththeCompanyforGoodReason,allUnvestedSharesshallbecomeVestedShares.

2.4DEFINITIONSOFCAUSE,GOODREASONANDCHANGEINCONTROL.ThefollowingdefinitionsshallapplyininterpretingthisSection2:

(a)Causeshallmeananyoneormoreofthefollowing,ineachcaseasdeterminedingoodfaithbytheCompany’sBoardofDirectors:

(i)Purchaser’swillfulandrepeatedfailuretocomplywiththelawfulwrittendirectionoftheCompany’sBoardofDirectors;

(ii)Purchaser’sgrossnegligenceorwillfulmisconductintheperformanceofdutiesfororonbehalfoftheCompanyand/oritssubsidiaries;

(iii)Purchaser’scommissionofanyactoffraudwithrespecttotheCompanyand/oritssubsidiaries;

or(iv)Purchaser’sconvictionofafelonyorofacrimeinvolvingmoralturpitudecausingmaterialharmtothestandingandreputationoftheCompanyand/oritssubsidiaries.

(b)GoodReasonshallmeananyoneormoreofthefollowingoccurringwithinthethirty(30)dayperiodimmediatelyprecedingthedateonwhichPurchaser’semploymentwiththeCompanyhascompletelyterminated:

(i)amaterialadversechangeinPurchaser’spositionwiththeCompanycausingittobeoflessstatureoroflessresponsibility;

(ii)achangeinthepositiontowhomPurchaserreports,or(iii)areductionofPurchaser’sannualrateofbasecompensationbymorethantwentypercent(20%).

(c)ChangeinControlshallmeananymerger,corporateacquisitionorothersimilartransactioninwh

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