Examples of Stock Redemption Agreement in a sentence
In connection with the Stock Redemption Agreement (Note 3), the Company issued a note payable to a stockholder for $958,369 that requires thirty-four (34) equal quarterly payments of $36,000, including interest at 6% per annum, through September 1, 2016.
In connection with the Stock Redemption Agreement, the Company issued a note payable to a stockholder for $958,369 that requires thirty-four (34) equal quarterly payments of $36,000, including interest at 6% per annum, through September 1, 2016.
The Redemption Price shall be immediately sent by the Corporation to the Redeeming Shareholder upon receipt of this Stock Redemption Agreement, executed by the Redeeming Shareholder, and the endorsed Stock Certificates.
Effective November 30, 2007, the Companies entered jointly into a Stock Redemption Agreement with a stockholder whereby the Companies redeemed certain shares owned by the stockholder for a cash payment of $66,738 and the issuance of a $975,000 subordinated note payable (Note 4).
Shares of stock of the corporation may be transferred only pursuant to the restrictions and requirements as set forth in the Articles of Incorporation and Stock Redemption Agreement, if any.