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Restricted Stock Agreement
"Need a Restricted Stock Agreement for our Austrian GmbH to grant 1,000 shares to our new CTO, with 4-year vesting starting March 1, 2025, and accelerated vesting provisions in case of company sale."
1. Parties: Identification of the company issuing the restricted stock and the recipient (employee/contractor)
2. Background: Context of the agreement, including the company's stock incentive plan (if any) and purpose of the grant
3. Definitions: Key terms used throughout the agreement, including 'Restricted Stock', 'Vesting Date', 'Cause', etc.
4. Grant of Restricted Stock: Details of the stock grant, including number of shares, par value, and grant date
5. Purchase Price: Amount (if any) to be paid for the shares and payment terms
6. Vesting Schedule: Timing and conditions for the lifting of restrictions on the shares
7. Restrictions on Transfer: Limitations on selling, transferring, or encumbering the shares during the restricted period
8. Forfeiture Conditions: Circumstances under which unvested shares may be forfeited
9. Shareholder Rights: Voting rights, dividend rights, and other shareholder privileges during the restricted period
10. Tax Provisions: Tax obligations and responsibilities of both parties, including withholding requirements
11. Administration: Details about how the restricted stock program will be administered
12. Governing Law and Jurisdiction: Specification of Austrian law as governing law and competent courts
13. Miscellaneous: Standard provisions including entirety of agreement, amendments, notices, and severability
1. Employment Relationship: Section clarifying that the agreement does not constitute an employment contract - used when recipient is not already an employee
2. Change of Control Provisions: Accelerated vesting or special provisions in case of company sale or merger - relevant for companies considering M&A
3. Stock Split Provisions: Adjustments in case of stock splits or similar corporate actions - particularly important for growing companies
4. Drag-Along Rights: Obligation to sell shares in case of company sale - relevant for private companies
5. Tag-Along Rights: Right to participate in sale of shares by majority shareholders - relevant for private companies
6. Company Repurchase Rights: Company's right to repurchase vested shares - typically used in private companies
7. Non-Competition and Confidentiality: Additional restrictive covenants - used when not covered in separate agreements
8. Data Protection Provisions: Detailed GDPR compliance terms - required if not covered in other company documents
1. Schedule 1 - Vesting Schedule: Detailed breakdown of vesting dates and corresponding share numbers
2. Schedule 2 - Share Details: Specific information about the shares including class, rights, and any special conditions
3. Schedule 3 - Spousal Consent: Consent form for spouse/registered partner if required under Austrian law
4. Schedule 4 - Tax Elections: Forms and information for making relevant tax elections
5. Appendix A - Copy of Stock Plan: If grant is made under a general employee stock plan, full plan document
6. Appendix B - Shareholders' Agreement: Reference to or extract of relevant shareholders' agreement provisions
7. Appendix C - Share Transfer Form: Template form for executing share transfers
8. Appendix D - Section 83(b) Election Form: If applicable for recipients subject to US taxation
Authors
Purchase Price
Vesting
Transfer Restrictions
Forfeiture
Shareholder Rights
Voting Rights
Dividend Rights
Tax Obligations
Representations and Warranties
Confidentiality
Non-Competition
Non-Solicitation
Data Protection
Share Certificates
Share Register
Change of Control
Termination
Company Repurchase Rights
Tag-Along Rights
Drag-Along Rights
Corporate Actions
Notices
Assignment
Amendment
Severability
Waiver
Entire Agreement
Governing Law
Dispute Resolution
Stock Plan Compliance
Regulatory Compliance
Signature Requirements
Technology
Financial Services
Professional Services
Manufacturing
Biotechnology
Pharmaceuticals
Software Development
Consulting
E-commerce
Healthcare
Telecommunications
Media & Entertainment
Clean Technology
Real Estate
Industrial Services
Legal
Human Resources
Finance
Executive Leadership
Corporate Governance
Compensation & Benefits
Stock Administration
Payroll
Accounting
Corporate Secretary Office
Chief Executive Officer
Chief Financial Officer
Chief Technology Officer
Senior Software Engineer
Product Manager
Sales Director
Senior Consultant
Department Head
Executive Director
Board Member
Senior Manager
Vice President
Managing Director
Key Account Manager
Research Scientist
Principal Engineer
Legal Counsel
Human Resources Director
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