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