CORPORATE STOCK REDEMPTION BUY-SELL AGREEMENT WHAT IT IS... A plan to effect the orderly change in the ownership of a close corporation at the death of a stockholder. It solves the problem of: Creating a market for closely held stock for the surviving family Establishing a price at which the corportation agrees to buy and the stockholders agree to sell their shares Providing the money to fund the plan The Corporation: Enters into an agreement with the stockholders Purchases, owns and pays the premiums on each stockholder Is named beneficiary of each life insurance contract HOW IT WORKS