Tarrant Texas Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation is a legal document signed by shareholders of a closely-held corporation based in Tarrant County, Texas. This agreement outlines the specific terms and conditions related to the distribution of dividends among shareholders within the corporation. It is common for closely-held corporations to have variations of the Shareholders' Agreement to accommodate the unique needs and interests of the shareholders. Some different types of Tarrant Texas Shareholders' Agreement with Special Allocation of Dividends among Shareholders in a Close Corporation include: 1. Proportional Shareholders' Agreement: Under this type of agreement, dividends are allocated among shareholders based solely on their ownership percentage in the corporation. The distribution is proportionate to the number of shares each shareholder holds. 2. Preferred Shareholders' Agreement: In certain cases, shareholders may have different classes of shares, such as common shares and preferred shares. A Preferred Shareholders' Agreement allocates dividends among these classes of shareholders based on the predefined preferences and rights associated with their respective share classes. Preferred shareholders usually receive dividends before common shareholders. 3. Growth-Based Shareholders' Agreement: This type of agreement considers the growth and performance of the corporation in determining the allocation of dividends. Shareholders' dividends may be allocated based on specific financial metrics, such as revenue growth, profit margins, or return on investment. The purpose is to incentivize shareholders to contribute to the corporation's growth by linking their dividends to the company's financial success. 4. Founder's Shareholders' Agreement: This agreement is specific to closely-held corporations where there are founders or key individuals involved in the corporation's inception. It offers special dividend allocation rights to these founders, rewarding them for their early contributions or intellectual property. The allocation may be based on a predetermined formula or subject to negotiations between the shareholders. 5. Performance-Based Shareholders' Agreement: Corporations that want to motivate shareholders to actively participate in achieving specific performance goals may opt for this type of agreement. Dividend allocation is tied to the achievement of predetermined targets, such as sales targets, market share growth, or meeting certain operational milestones. Shareholders who contribute significantly to these objectives may be entitled to higher dividends as a reward for their efforts. These are just a few examples of the different types of Shareholders' Agreements with Special Allocation of Dividends among Shareholders in a Close Corporation that can be tailored to meet the specific needs of the shareholders in Tarrant County, Texas. It is crucial for shareholders to work closely with legal professionals while drafting and negotiating the terms of these agreements to ensure clarity, fairness, and legal compliance.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.