{"id":39969,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/form-of-mining-company-inc-stock-purchase-agreement-about-com.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"form-of-mining-company-inc-stock-purchase-agreement-about-com","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/form-of-mining-company-inc-stock-purchase-agreement-about-com.html","title":{"rendered":"Form of Mining Company Inc. Stock Purchase Agreement &#8211; About.com Inc."},"content":{"rendered":"<pre>\n DESCRIPTION:  FORM OF STOCK PURCHASE AGREEMENT\n\n\n\n                               MININGCO.COM, INC.\n                        FORM OF STOCK PURCHASE AGREEMENT\n\n            I hereby elect to participate in the 1999 Employee Stock Purchase\nPlan (the \"ESPP\") for the offering period specified below, and I hereby\nsubscribe to purchase shares of Common Stock of MiningCo.com, Inc. (the\n\"Corporation\") in accordance with the provisions of this Agreement and the ESPP.\nI hereby authorize payroll deductions from each of my paychecks following my\nentry into the offering period in the 1% multiple of my cash earnings (not to\nexceed a maximum of 15%) specified in my attached Enrollment Form.\n\n            The offering period is divided into a series of consecutive purchase\nintervals. With the exception of the initial purchase interval which begins at\nthe time of the initial public offering of the Common Stock and ends on October\n31, 1999, those purchase intervals will each be of six months duration and begin\non the first business day of May and November each year during the offering\nperiod. My participation will automatically remain in effect from one purchase\ninterval to the next in accordance with my payroll deduction authorization,\nunless I withdraw from the ESPP or change the rate of my payroll deduction or\nunless my employment status changes. I may reduce the rate of my payroll\ndeductions on one occasion per purchase interval, and I may increase my rate of\npayroll deductions to become effective at the beginning of any subsequent\npurchase interval.\n\n            My payroll deductions will be accumulated for the purchase of shares\nof the Corporation's Common Stock on the last business day of each purchase\ninterval within the offering period. The purchase price per share will be equal\nto 85% of the lower of (i) the fair market value per share of Common Stock on my\nentry date into the offering period or (ii) the fair market value per share on\nthe purchase date. I will also be subject to ESPP restrictions (i) limiting the\nmaximum number of shares which I may purchase per purchase interval and (ii)\nprohibiting me from purchasing more than $25,000 worth of Common Stock for each\ncalendar year my purchase right remains outstanding.\n\n            I may withdraw from the ESPP at any time prior to the last business\nday of a purchase interval and elect either to have the Corporation refund all\nmy payroll deductions for that interval or to have such payroll deductions\napplied to the purchase of Common Stock at the end of such interval. However, I\nmay not rejoin that particular offering period at any later date. Upon the\ntermination of my employment for any reason, including death or disability, or\nmy loss of eligible employee status, my participation in the ESPP will\nimmediately cease, and all my payroll deductions for the purchase interval in\nwhich my employment terminates or my loss of eligibility occurs will\nautomatically be refunded. If I take an unpaid leave of absence, my payroll\ndeductions will immediately cease, and any payroll deductions for the purchase\ninterval in which my leave begins will, at my election, either be refunded or\napplied to the purchase of shares of Common Stock at the end of that purchase\ninterval. If my re-employment is guaranteed by either law or contract, or if I\nreturn to active service within ninety (90) days, then upon my return my payroll\ndeductions will automatically resume at the rate in effect when my leave began.\n\n            The Corporation will issue a stock certificate for the shares\npurchased on my behalf after the end of each purchase interval. The certificate\nwill be issued in street name and will be deposited directly in my\nCorporation-designated brokerage account. I will notify the Corporation of any\ndisposition of shares purchased under the ESPP, and I will satisfy all\napplicable income and employment tax withholding requirements at the time of\nsuch disposition.\n\n            The Corporation has the right, exercisable in its sole discretion,\nto amend or terminate all outstanding purchase rights under the ESPP at any\ntime, with such amendment or termination to become effective immediately\nfollowing the end of any purchase interval. However, such purchase rights may be\namended or terminated with an immediate effective date to the extent necessary\nto avoid the Corporation's recognition of compensation expense for financial\nreporting purposes, should the accounting principles applicable to the ESPP\nchange. Upon any such termination, I will cease to have any further rights to\npurchase shares of Common Stock under this Agreement.\n\n            I have read this Agreement and hereby agree to be bound by the terms\nof both this Agreement and the ESPP. The effectiveness of this Agreement is\ndependent upon my eligibility to participate in the ESPP.\n\n            Date: ________________ 199____\n\n            Signature of Employee:_______________________________________\n\n            Printed Name:________________________________________________\n\nDuration of Offering Period: From: ____________, 1999 to the last business day\nin April, 2001\n\nEntry Date into Offering Period:______________\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[6551],"corporate_contracts_industries":[9510],"corporate_contracts_types":[9539,9545],"class_list":["post-39969","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-aboutcom-inc","corporate_contracts_industries-technology__programming","corporate_contracts_types-compensation","corporate_contracts_types-compensation__esp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/39969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=39969"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39969"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39969"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}