Sale of Corporate Shares Clause Samples
The Sale of Corporate Shares clause governs the terms and conditions under which ownership interests in a corporation may be transferred from one party to another. It typically outlines the procedures for offering shares, any restrictions on who may purchase them, and the necessary approvals or documentation required for a valid transfer. This clause ensures that share sales are conducted transparently and in accordance with corporate governance rules, thereby protecting both the corporation and its shareholders from unauthorized or improper transfers.
Sale of Corporate Shares. The Seller shall sell to the Buyer and the ------------------------ Buyer shall purchase from the Seller all of the issued and outstanding shares of stock in the Company for the purchase price described in Section 1.2 below. The Seller is the owner of all the issued and outstanding stock of the Company as listed on Schedule 1.1 which is attached hereto and incorporated herein by ------------- reference (the "Shares").
Sale of Corporate Shares. Seller shall sell to the Buyer for a total purchase price of seven hundred six thousand two hundred ninety-two dollars ($706,292.00), all of the issued and outstanding shares of the Company, and the Buyer shall purchase the shares from the Seller at such purchase price, effective as of 12:00 a.m. on January 1, 1997.
Sale of Corporate Shares. The Seller shall sell to the Buyer, at the purchase price of Seven and One Half Million Dollars ($7,500,000.00) (the "Purchase Price"), all of the issued and outstanding shares of the Company (the "Shares") and the Buyer shall purchase the Shares from the Seller at such Purchase Price.
Sale of Corporate Shares. The SELLER shall sell to the BUYER and the BUYER shall purchase from SELLER all of SELLER's shares of the COMPANY at the price of One Hundred and no/100ths Dollars ($100.00) on the terms set forth herein. As additional consideration for the purchase of all of SELLER's stock in the COMPANY, BUYER agrees that if SELLER within 90 days after the closing herein, negotiates to conclusion the sale of the assets of the Key Largo branch office, SELLER shall receive the net proceeds of the sale of the assets. Net proceeds is the gross proceeds less any expenses and/or tax liabilities (tax liabilities estimated to be 15% of the gross sales price) incurred by the COMPANY. In the event, SELLER is unable to effectuate the sale of the assets of the Key Largo branch office within 90 days after the closing herein, BUYER agrees to transfer the Key Largo branch office within 90 days after the closing herein, BUYER agrees to transfer the Key Largo branch assets to SELLER's existing corporation, Columbia Title of the Florida Keys, Inc. and BUYER will absorb up to $3,000.00 in costs associated with the necessary application of Columbia Title of the Florida Keys, Inc. to be appointed a title insurance agent and related costs such as E & O insurance and posting of a surety bond. During the ninety days after closing herein, if the Key Largo branch office has excess income over and above expenses, BUYER agrees that the COMPANY will pay the excess income to SELLER as additional salary.
Sale of Corporate Shares