Founder Restricted Stock Purchase Agreement (RSPA)

The Restricted Stock Purchase Agreement is the agreement under which each founder purchases their initial shares, contributes the initial business plans and IP to the Company, and agrees that any unvested portion of their shares may be repurchased by the Company if they leave the Company at any time prior to vesting.

Note: There is usually no separate shareholder agreement for founders. Most founding stockholder issues are handled in the Founder RSPA.