Restricted Stock Agreement Template

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Sample

Restricted Stock Agreement Template

Printable | Editable Form




Restricted Stock Agreement Template (1)
Between:
[Name of the Company]
[Company ID]
[Company Address]
[Company Phone]
[Company Email]
And:
[Name of the Shareholder]
[Shareholder’s ID]
[Shareholder’s Address]
Introduction:
This document outlines the terms under which the Company shall grant restricted stock to the Shareholder as part of the compensation and incentive program. The agreement is established as of [Effective Date].
Clause 1: Grant of Restricted Stock
The Company grants to the Shareholder [Number of Shares] shares of restricted stock, subject to the terms and conditions set forth in this agreement.
Clause 2: Vesting Schedule
The restricted stock shall vest according to the following schedule: [Specify vesting terms, e.g., time-based vesting over [number] years].
Clause 3: Rights as a Shareholder
The Shareholder shall have all the rights of a shareholder with respect to the shares, except for certain restrictions on transferability and on election rights during the vesting period.
Clause 4: Repurchase Rights
The Company reserves the right to repurchase unvested shares at the original purchase price if the Shareholder’s employment is terminated for any reason before the shares are fully vested.
Clause 5: Tax Consequences
The Shareholder understands that the granting and vesting of restricted stock may have tax implications and is advised to consult with a tax advisor.
Clause 6: Governing Law
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Company Representative]
[Name of Company Representative]
[Title]
[Signature of the Shareholder]
[Name of the Shareholder]
Restricted Stock Agreement Template (2)
Between:
[Name of the Company]
[Company ID]
[Company Address]
[Company Phone]
[Company Email]
And:
[Name of the Shareholder]
[Shareholder’s ID]
[Shareholder’s Address]
Introduction:
This Restricted Stock Agreement outlines the terms and conditions under which the Company will grant restricted stock to the Shareholder as part of their overall compensation package, effective as of [Effective Date].
Clause 1: Scope of the Grant
The Company hereby grants the Shareholder [Number of Shares] shares of restricted stock, which shall be subject to the conditions outlined herein.
Clause 2: Vesting Terms
The shares will vest in accordance with the following milestones: [Detail specific vesting milestones or performance criteria].
Clause 3: Shareholder Rights
During the vesting period, the Shareholder will have the right to receive dividends and vote on all matters submitted to shareholder action, effecting the issuance of the shares.
Clause 4: Conditions of Repurchase
If the Shareholder’s employment is terminated prior to the full vesting of the shares, the Company shall have the option to repurchase any unvested shares at the fair market value or original purchase price.
Clause 5: Tax Implications
The Shareholder acknowledges that receipt of the restricted stock may have tax implications and accepts full responsibility for all tax-related issues.
Clause 6: Legal Compliance
This agreement shall be enforced in accordance with [Jurisdiction] laws and regulations, ensuring compliance with all applicable securities laws.
Signed in [City], [Date].
Sincerely,
[Signature of the Company Representative]
[Name of Company Representative]
[Title]
[Signature of the Shareholder]
[Name of the Shareholder]

Form

Please complete the form below to create the Restricted Stock Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step.

Restricted Stock Agreement Template

1. Company Information


2. Shareholder Information


3. Agreement Details


4. Purchase Price

5. Restrictions on Transfer

6. Conditions of Vesting

7. Tax Implications

8. Rights of Shareholder

9. Signatures and Acceptance

10. Declaration and Signatures




PDF


WORD

Printable

Restricted Stock Agreement Template

Printable | Editable Form




Restricted Stock Agreement Template