Restricted Stock Plan for Privately-held company

[Guest McElroy]

Does anyone have a copy of a restricted stock plan that I might be able to look at? A privately-held company is interested in giving an executive 5% of the company's common stock. The stock will vest 1/3 for each of the next three years. The executive will not pay anything for the stock, but will make an election under Code Section 83(B). Thanks for your help. Ed

[Kirk Maldonado]

You better hire competent securities law counsel. The state and federal securities laws issues can be real landmines.

[Guest wmacdonald]

I agree with Kirk's suggestion. I had the same plan you outlined in my own firm, prior to being puchased by a public company.