Acceptance of shares

About this business activity

If looking to invest, accepting shares makes you a shareholder of the company with a portion of the profits. If the company goes public, shareholders can sell their shares for a profit.

Acceptance Notice For Forfeitable Shares (LTIP)

This is an acceptance notice for forfeitable shares awarded under a long-term incentive plan (LTIP).

What to watch out for

  • The number of shares being awarded
  • The vesting schedule of the shares
  • The conditions under which the shares may be forfeited
  • Contract template sketch

    Relevant Contract Types

    πŸ—žοΈ Forfeitable shares agreement

    A forfeitable shares agreement is a contract between a company and its shareholders that outlines the conditions under which shares may be forfeited. The agreement may specify that shares will be forfeited if the shareholder fails to meet certain conditions, such as attending board meetings or investing a certain amount of money in the company. The agreement may also provide for the forfeiture of shares if the shareholder engages in certain prohibited activities, such as selling the shares to a competitor.

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    Rafie Faruq
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