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USA Stock Buy-Sell / Redemption Agreement
Set out how the shares of a departing or deceased shareholder in a US corporation will be dealt with in this Stock Buy-Sell ⁄ Redemption Agreement.
- The Agreement sets out the procedure for repurchase or redemption of a retiring shareholder's stock holdings by the corporation.
- Payment is secured by a promissory note and may be made over time.
- The corporation may not declare or pay dividends, reorganize, merge, consolidate, sell any of its material assets, or increase the salary of any key employee or officer while any portion of the redemption price remains unpaid.
- The departing shareholder must resign as a director and/or officer upon closing of the share purchase.
This USA Stock Buy-Sell ⁄ Redemption Agreement is available as a MS Word download and is fully editable to fit your specific circumstances.
Download: USA Stock Buy-Sell / Redemption Agreement
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