(d) the board will be responsible for appointing the president of the company who shall be referred to as the chief executive officer (the “ceo”) and who shall report to the board on a regular basis. attendance at the meeting by a director shall be deemed to be a waiver of the giving of such notice. the defining of their duties and functions and the salaries and remuneration to be paid to them will be a function of the board of directors.
in the event that the company is acquired by a third party or parties, all shares subject to vesting will become fully vested at that time. in the event that a founder’s employment is terminated for any reason, the shares held by the terminated employee will be cancelled and returned to the treasury of the company. 3.6 if the offerees by reason of the provisions hereinbefore contained, do not purchase the offered shares then the seller shall be at liberty to sell the offered shares to an outsider but only at a price equal to or in excess of the price contained in the selling notice and on the same terms as disclosed in the selling notice. 6.2 the parties hereby agree that notice of this agreement shall be endorsed in red ink on all certificates representing shares from time to time held or beneficially owned by them; and that a copy of this agreement shall be maintained in the legal records of the company.
subject to termination in accordance with this agreement, each shareholder to this agreement will be a director of the corporation. subject to any retained earnings and to the statutory requirements related to corporate distributions, the net income of the corporation may be distributed quarterly to the shareholders in proportion to the number of shares of the corporation owned by them.
to accomplish the purposes of this agreement, any transfer, sale, assignment, or encumbrance of any of the shares of the corporation, other than according to the terms of this shareholder agreement is void. all parties to this shareholder agreement will perform any acts, including executing any documents, that may be reasonably necessary to fully carry out the provisions and intent of this agreement. use this cooperative agreement or memorandum of agreement can be used to legally lay out the steps toward an agreed upon result.
the company shall give written notice (the “issuing notice”) to each of the shareholders, setting forth the price at which, and terms on which the issued shares this free shareholder agreement template details the specific outcomes that will be taken in the event of a shareholder leaving the company. this shareholders’ agreement (this “agreement”) is made as a deed on november  “business” means the business of providing contract oil and gas land, shareholder agreement template word, shareholder agreement template word, shareholder agreement template free, shareholders agreement pdf, sample shareholder agreement for startup.
a shareholder agreement, also known as a stockholder agreement or spa, is a contract between the stock owners of a corporation that addresses the rights, responsibilities, and ownership of a corporation. no shareholder shall voluntarily or involuntarily transfer, assign, sell, or convey any interest in his shares of the corporation, now owned by such shareholder a shareholders’ agreement is a contract between the owners of a company that defines their roles, rights and obligations as shareholders in the company. when shareholders in a business want to establish rules about how their company is run, a shareholder agreement is a smart way to get everything in writing., free shareholders agreement template word, ‘s corp shareholder agreement template, mou for shareholders agreement, simple shareholder agreement template, shareholder agreement sec, key elements of a shareholders’ agreement, shareholders’ agreement template new york, small business shareholder agreement, shareholder agreement template california, family shareholders’ agreement template.
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