Standard buy back agreement between an employee-shareholder and a private limited company providing for shares to be offered back when the employee ceases to be employed.
About this document
This agreement is intended to be used in conjunction with a share option scheme including an EMI scheme. It allows the company to compel the option holder to sell his shares when he ceases to be employed. This may be simpler than amending the Articles which would also then affect founder shareholders which may not be appropriate.
Application
and features
The buy-back can be by the company or an employee benefit trust
Plain English notes to guide you
Contents
Option to acquire shares
Purchase by EBT or company
Rights attaching to shares
Word
Count (approximate):
Document: 1000
words
Explanatory notes:
350
words
Draftsman
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