Stockholders Redemption Agreement



Stockholders Redemption Agreement : Please fill out the following Stockholders Redemption Agreement. Please print your completed form if you would to have a copy for your records.




Agreement made this day of (date) between (Corporation's name) a corporation incorporated under the laws of the State of (State's name) with its principal place of business at (Street address) (hereinafter Corporation”) and (Stockholder's address - hereinafter “Stockholder).


RECITALS



A. Stockholder is the owner of shares of the common stock of Corporation.


B. Corporation desires to redeem all of said shares upon the terms and conditions set forth below.


C. Stockholder is willing that said shares be redeemed on the terms and conditions set forth below.


D. Stockholder desires that such redemption shall be accorded capital gains, rather than ordinary income treatment, under the rules imposed by the Internal Revenue Code, as implemented by the regulations adopted pursuant thereto.


E. It is necessary that all the shares held by the Stockholder shall be redeemed, and that certain other conditions be met in order for Stockholder to be entitled said income tax benefits.


In consideration of the mutual covenants and agreements herein contained, the parties mutually agree to the following:


1. PAYMENT TO STOCKHOLDER. On the aforesaid date, Corporation will pay to stockholder the sum of Dollars ($______) for said shares of the common capital stock of Corporation.


2. SURRENDER OF CERTIFICATES. On the aforesaid date, Stockholder will surrender to Corporation the certificates representing all such shares of stock, which certificates shall be duly endorsed.


3. RESIGNATION OF STOCKHOLDER. Stockholder hereby tenders his resignation as director, officer, and employee of Corporation, all of which resignations shall be presented to theBoard of Directors of Corporation and which shall be effective immediately upon the execution of this agreement.


4. LIMITATIONS ON STOCKHOLDER AFTER TERMINATION. Stockholder will not acquire any stock, other than by gift, bequest, or inheritance, in corporation within years from the date hereof, nor will stockholder be a director or otherwise employed in anycorporation within that period.


IN WITNESS WHEREOF, the parties have executed this agreement on the day and year first above written.


Witness :


Witness :


Stockholder :


For the Corporation and its Board of Directors


Title :





Basic Agreement Forms Index

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Stockholders Redemption Agreement
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Letter Asking A Donation
Letter Asking A Favor
Letter Asking for More Details
Letter Asking for Donations
Letter Denying of Dealership
Letter for Change of Address
Letter for Distributorship
Letter for Employment
Letter for Hotel Reservation
Letter for Letter of Credit
Letter for Line of Credit
Letter for Product Launch
Letter for Promotion
Letter for Retirement Congrats
Letter for Scholarship
Letter for Settlement of Bill
Letter for Tender
Letter for Testimonial
Letter of Agreement
Letter of Assurance
Letter of Credit
Letter of Enquiry
Letter of Order
Letter of Persuasion
Letter of Sympathy
Letter Offering Discount
Letter Related to Advertisement
Letter Related to Despatch
Letter Related to Training
Letter to A Foreign Buyer
Letter to Pen-Friend
Letter to Police
Letter with Order
Letter with Quotation
Letter Writing
Letters about Company Shares
Letters by Clubs and Societies
Letters by Landlords & Tenants
Letters for Appointment of Dealers
Letters for Business Relations
Letters for Buying and Selling
Letters for Credit & Collection
Letters for Foreign Travel
Letters for Lease & Tenancy
Letters for Loan & Borrowing
Letters for Transfer & Assignment
Letters for Insurance
Letters Noting Discrepancy
Letters of Condolence & Sorrow
Letters of Regret
Letters Regarding Maintenance
Letters Regarding Payment
Letters Related to Employees
Letters to Local Corporation
Letters to Postal Authorities
Letters to The Editor
Letters Used in Real Estate
Letters With Postal Department
Letters With Railways Authorities


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