Restricted Stock Agreement Template

This Restricted Stock Agreement (“Agreement”) is entered into on [Date], by and between:

Company: [Company Name], a [State/Country] corporation
Address: [Company Address]

Recipient: [Full Legal Name]
Address: [Recipient Address]

Collectively referred to as the “Parties.”

1. Grant of Shares

The Company hereby grants the Recipient [Number] shares of its common stock, subject to the terms and restrictions of this Agreement.

2. Purchase Price

The Recipient shall purchase the shares at a price of $[Amount] per share, for a total purchase price of $[Total Amount]. Payment shall be made in [Cash/Services/Other consideration].

3. Vesting Schedule

• Shares will vest according to the following schedule: [Specify vesting timeline, e.g., 25% after one year, monthly thereafter].

• In the event of termination of the Recipient’s relationship with the Company, unvested shares will be forfeited or repurchased by the Company at the original purchase price.

4. Transfer Restrictions

• The Recipient may not sell, transfer, pledge, or otherwise dispose of shares except in accordance with this Agreement and applicable securities laws.

• Any unauthorized transfer will be void and unenforceable.

5. Company’s Repurchase Rights

• The Company retains the right to repurchase unvested shares if the Recipient’s employment or engagement terminates.

• The repurchase price shall be equal to the original purchase price paid by the Recipient.

6. Tax Considerations

• The Recipient acknowledges understanding the tax implications of this grant.

• The Recipient is responsible for filing an IRS Section 83(b) election, if applicable, within 30 days of the grant date.

7. Rights as a Shareholder

The Recipient shall have all rights of a shareholder with respect to vested shares, including voting and dividend rights, subject to the restrictions herein.

8. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of [State/Country].

9. Entire Agreement

This Agreement constitutes the entire understanding between the Parties and supersedes all prior discussions regarding the restricted stock grant.

10. Signatures

Company Representative: ____________________________ Date: _________
Name/Title: _________________________________________

Recipient: ____________________________ Date: _________
Name: ______________________________________________