Stock Redemption Agreement. The Optionee shall execute and deliver to the Company, together with the Notice of Exercise of Stock Option and payment in full of the Purchase Price, duplicate originals of a Stock Redemption Agreement in the form set forth in Exhibit 1 attached to this Agreement. The Company shall not issue any shares of Optioned Stock to the Optionee unless and until Optionee executes and delivers such Stock Redemption Agreement.
Stock Redemption Agreement. Notwithstanding anything to the contrary contained in this Agreement, any Stock Redemption Agreement between the Employee and the Corporation shall control wherever applicable.
Stock Redemption Agreement. On or prior to the execution of this Agreement, Asure, Controlling Stockholder, and I. Xxxxxxx Xxxxx shall enter into the Stock Redemption Agreement annexed hereto as Exhibit A (the "Stock Redemption Agreement"). The closing of the Stock Redemption Agreement shall be a condition concurrent to, and shall be simultaneous with, the Closing. At the Effective Time, Asure may, at its election, assign all or part, of the rights, and the Merged Company shall assume the obligations, of Asure under the Stock Redemption Agreement.
Stock Redemption Agreement. InfoTouch and NetSelect shall have received the Stock Redemption Agreement executed by InfoTouch and the Redeeming Stockholders, providing for the repurchase of certain of the Surviving Company Common Stock held by such Redeeming Stockholders after the Merger.
Stock Redemption Agreement. Each Principal Shareholder shall have executed and delivered to the Company the Stock Redemption Agreement, and shall have delivered to the Company to be held in accordance with the terms of such agreement a certificate evidencing the Redeemable Shares which may be repurchased from such Principal Shareholder.
Stock Redemption Agreement. InfoTouch shall have received the Stock Redemption Agreement executed by InfoTouch and the Redeeming Stockholders, providing for the repurchase of certain of the Surviving Company Common Stock held by such Redeeming Stockholder after the Merger.
Stock Redemption Agreement. The parties to the Stock Redemption Agreement shall have performed or complied in all material respects with all agreements, conditions and covenants required by the Stock Redemption Agreement to be performed or complied with by them on or before the Effective Time and the closing of the transactions contemplated by the Stock Redemption Agreement shall be simultaneous with the Closing.
Stock Redemption Agreement. RealDealDocs A stock redemption by a C Corporation will not increase the basis of the stock held by the remaining owners. By contrast, stock acquired in a cross-purchase transaction will result in a basis equal to
Stock Redemption Agreement. In this case, the practice itself buys and owns insurance policies on the lives of Xxxx and Xxxx. When Xxxx dies, the corporation buys his stock with the insurance proceeds. Stock redemption plans may make sense when there are multiple owners of the corporation, there are large differences in age and ownership levels among the owners, or the corporation is in a lower tax bracket than the owners. Two potential drawbacks to these plans: the death proceeds received by the corporation may be subject to the corporate AMT, and the surviving shareholders do not get the benefit of an increase in the income tax basis of their shares when the corporation redeems the stock.
Stock Redemption Agreement. In consideration of the payments, deliveries and releases set forth in Sections 1 through 5 above, the parties hereto understand and agree that the Stock Redemption Agreement is of no further force or effect as of the Effective Date.
