NoticeofGrantofStockPurchaseRight股票购买条约doc.docx

NoticeofGrantofStockPurchaseRight股票购买条约doc.docx

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NoticeofGrantofStockPurchaseRight股票购买条约doc

NoticeofGrantofStockPurchaseRight股票购买协议-

Unlessotherwisedefinedherein,thetermsdefinedinthePlanshallhavethesamedefinedmeaningsinthisRestrictedStockPurchaseAgreement.

THISAGREEMENTismadeasof_________,_________,（M,Y）at_________,_________,betweenAAACorp.,a_________（STATE）corporation（theCompany）,and_________（thePurchaser）.

WHEREASthePurchasernamedintheNoticeofGrant,（thePurchaser）isanemployeeorconsultantoftheCompany,andthePurchaser’scontinuedparticipationisconsideredbytheCompanytobeimportantfortheCompany’scontinuedgrowth;and

WHEREASinordertogivethePurchaseranopportunitytoacquireanequityinterestintheCompanyasanincentiveforthePurchasertoparticipateintheaffairsoftheCompany,theAdministratorhasgrantedtothePurchaserstockpurchaserightssubjecttothetermsandconditionsofthePlanandtheNoticeofGrant,whichareincorporatedhereinbyreference,andpursuanttothisRestrictedStockPurchaseAgreement（theAgreement）.

THEREFORE,thepartiesagreeasfollows:

1.SaleofStock.TheCompanyherebyagreestoselltothePurchaserandthePurchaserherebyagreestopurchasesharesoftheCompany’sCommonStock（theShares）,atthepersharepurchasepriceandasotherwisedescribedintheNoticeofGrant.

2.PaymentofPurchasePrice.ThepurchasepricefortheSharesmaybepaidbydeliverytotheCompanyatthetimeofexecutionofthisAgreementofcashoracheck.

3.RepurchaseOption.

（a）IntheeventthePurchaser’sContinuousStatusasanEmployeeorConsultantterminatesforanyornoreason（includingdeathordisability）beforealloftheSharesarereleasedfromtheCompany’srepurchaseoption（seeSection4）,butnotintheeventofPurchaser’schangeinstatusfromEmployeetoConsultantorConsultanttoEmployee,theCompanyshall,uponthedateofsuchtermination（asreasonablyfixedanddeterminedbytheCompany）haveanirrevocable,exclusiveoptionforaperiodofsixty（60）daysfromsuchdatetorepurchaseuptothatnumberofshareswhichconstitutetheUnreleasedShares（asdefinedinSection4）attheoriginalpurchasepricepershare（theREPURCHASEPRICE）.SaidoptionshallbeexercisedbytheCompanybydeliveringwrittennoticetothePurchaserorthePurchaser’sexecutor（withacopytotheEscrowHolder（asdefinedinSection6））AND,attheCompany’soption,（i）bydeliveringtothePurchaserorthePurchaser’sexecutoracheckintheamountoftheaggregateRepurchasePrice,or（ii）bytheCompanycancelinganamountofthePurchaser’sindebtednesstotheCompanyequaltotheaggregateRepurchasePrice,or（iii）byacombinationof（i）and（ii）sothatthecombinedpaymentandcancellationofindebtednessequalssuchaggregateRepurchasePrice.UpondeliveryofsuchnoticeandthepaymentoftheaggregateRepurchasePriceinanyofthewaysdescribedabove,theCompanyshallbecomethelegalandbeneficialowneroftheSharesbeingrepurchasedandallrightsandintereststhereinorrelatingthereto,andtheCompanyshallhavetherighttoretainandtransfertoitsownnamethenumberofSharesbeingrepurchasedbytheCompany.

（b）WhenevertheCompanyshallhavetherighttorepurchaseShareshereunder,theCompanymaydesignateandassignoneormoreemployees,officers,directorsorstockholdersoftheCompanyorotherpersonsororganizationstoexerciseallorapartoftheCompany’spurchaserightsunderthisAgreementandpurchaseallorapartofsuchShares.IftheFairMarketValueoftheSharestoberepurchasedonthedateofsuchdesignationorassignment（theRepurchaseFMV）exceedstheaggregateRepurchasePriceofsuchShares,theneachsuchdesigneeorassigneeshallpaytheCompanycashequaltothedifferencebetweentheRepurchaseFMVandtheaggregateRepurchasePriceofsuchShares.

4.ReleaseofSharesFromRepurchaseOption.

（a）[_________（_________%）]oftheSharesshallbereleasedfromtheCompany’srepurchaseoption[_________]oftheSharesshallbereleasedeachmonththereafter],providedineachcasethatthePurchaser’sContinuousStatusasanEmployeeorConsultanthasnotterminatedpriortothedateofanysuchrelease.

（b）AnyoftheShareswhichhavenotyetbeenreleasedfromtheCompany’srepurchaseoptionarereferredtohereinasUNRELEASEDSHARES.

（c）TheShareswhichhavebeenreleasedfromtheCompany’srepurchaseoptionshallbedeliveredtothePurchaseratthePurchaser’srequest（seeSection6）.

5.RestrictiononTransfer.ExceptfortheescrowdescribedinSection6ortransferoftheSharestotheCompanyoritsassigneescontemplatedbythisAgreement,noneoftheSharesoranybeneficialinterestthereinshallbetransferred,encumberedorotherwisedisposedofinanywayuntilthereleaseofsuchSharesfromtheCompany’srepurchaseoptioninaccordancewiththeprovisionsofthisAgreement,otherthanbywillorthelawsofdescentanddistribution.

6.EscrowofShares.

（a）ToensuretheavailabilityfordeliveryofthePurchaser’sUnreleasedSharesuponrepurchasebytheCompanypursuanttotheCompany’srepurchaseoptionunderSection3above,thePurchasershall,uponexecutionofthisAgreement,deliveranddepositwithanescrowholderdesignatedbytheCompany（theESCROWHOLDER）thesharecertificatesrepresentingtheUnreleasedShares,togetherwiththestockassignmentdulyendorsedinblank,attachedheretoasEXHIBITB.TheUnreleasedSharesandstockassignmentshallbeheldbytheEscrowHolder,pursuanttotheJointEscrowInstructionsoftheCompanyandPurchaserattachedasEXHIBITChereto,untilsuchtimeastheCompany’srepurchaseoptionexpires.AsafurtherconditiontotheCompany’sobligationsunderthisAgreement,thespouseofPurchaser,ifany,shallexecuteanddelivertotheCompanytheConsentofSpouseattachedheretoasEXHIBITD.

（b）TheEscrowHoldershallnotbeliableforanyactitmaydooromittodowithrespecttoholdingtheUnreleasedSharesinescrowandwhileactingingoodfaithandintheexerciseofitsjudgment.

（c）IftheCompanyoranyassigneeexercisesitsrepurchaseoptionhereunder,theEscrowHolder,uponreceiptofwrittennoticeofsuchoptionexercisefromtheproposedtransferee,shalltakeallstepsnecessarytoaccomplishsuchtransfer.

（d）WhentherepurchaseoptionhasbeenexercisedorexpiresunexercisedoraportionoftheShareshasbeenreleasedfromsuchrepurchaseoption,uponPurchaser’srequesttheEscrowHoldershallpromptlycauseanewcertificatetobeissuedforsuchreleasedSharesandshalldeliversuchcertificatetotheCompanyorthePurchaser,asthecasemaybe.

（e）Subjecttothetermshereof,thePurchasershallhavealltherightsofastockholderwithrespecttosuchShareswhiletheyareheldinescrow,includingwithoutlimitation,therighttovotetheSharesandreceiveanycashdividendsdeclaredthereon.If,fromtimetotimeduringthetermoftheCompany’srepurchaseoption,thereis（i）anystockdividend,stocksplitorotherchangeintheShares,or（ii）anymergerorsaleofallorsubstantiallyalloftheassetsorotheracquisitionoftheCompany,anyandallnew,substitutedoradditionalsecuritiestowhichthePurchaserisentitledbyreasonofthePurchaser’sownershipoftheSharesshallbeimmediatelysubjecttothisescrow,depositedwiththeEscrowHolderandincludedthereafterasSharesforpurposesofthisAgreementandtheCompany’srepurchaseoption.

7.Company’sRightofFirstRefusal.BeforeanySharesthatarepermittedtobesoldorotherwisetransferredpursuanttothisAgreementandthatareheldbyPurchaseroranytransferee（eitherbeingsometimesreferredtohereinastheHOLDER）maybesoldorotherwisetransferred（includingtransferbygiftoroperationoflaw）,theCompanyoritsassignee（s）shallhavearightoffirstrefusaltopurchasetheSharesonthetermsandconditionssetforthinthisSection（theRIGHTOFFIRSTREFUSAL）.

（a）NoticeofProposedTransfer.TheHolderoftheSharesshalldelivertotheCompanyawrittennotice（theNOTICE）stating:

（i）theHolder’sbonafideintentiontosellorotherwisetransfersuchShares;（ii）thenameofeachproposedpurchaserorothertransferee（PROPOSEDTRANSFEREE（iii）thenumberofSharestobetransferredtoeachProposedTransferee;and（iv）thebonafidecashpriceorotherconsiderationforwhichtheHolderproposestotransfertheShares（theOFFEREDPRICE）,andtheHoldershalloffertheSharesattheOfferedPricetotheCompanyoritsassignee（s）.

（b）ExerciseofRightofFirstRefusal.Atanytimewithinthirty（30）daysafterreceiptoftheNotice,theCompanyand/oritsassignee（s）may,bygivingwrittennoticetotheHolder,electtopurchaseall,butnotlessthanall,oftheSharesproposedtobetransferredtoanyoneormoreoftheProposedTransferees,atthepurchasepricedeterminedinaccordancewithsubsection（c）below.

（c）PurchasePrice.Thepurchaseprice（PURCHASEPRICE）fortheSharespurchasedbytheCompanyoritsassignee（s）underthisSectionshallbe（i）theOfferedPriceinthecaseofSharesthatarenotUnreleasedShares,or（ii）inthecaseofSharesthatareUnreleasedShares,theloweroftheOfferedPriceortheRepurchasePriceasdefinedinSection3（a）hereof.IftheOfferedPriceincludesconsiderationotherthancash,thecashequivalentvalueofthenoncashconsiderationshallbedeterminedbytheBoardofDirectorsoftheCompanyingoodfaith.

（d）Payment.PaymentofthePurchasePriceshallbemade,attheoptionoftheCompanyoritsassignee（s）,incash（bycheck）,bycancellationofalloraportionofanyoutstandingindebtedness