Clearly establish how the shares of a departing (or deceased) shareholder in a corporation will be dealt with, set the terms with this Stock Buy-Sell / Redemption Agreement for the United States, which sets out the procedure for repurchase (redemption) of a retiring shareholder's stock holdings by the corporation. Provisions of the Agreement include:

• Payment is secured by a promissory note and may be made over time.
  
• The corporation may not declare or pay dividends, reorganize, merge, consolidate, sell any of its material assets, or increase the salary of any key employee or officer while any portion of the redemption price remains unpaid.
  
• The departing shareholder must resign as a director and/or officer upon closing of the share purchase.

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