District of Columbia Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Greystone Funding Corp

• Category: Corporations - Public - Stockholder
• State: Multi-State
• Control #: US-EG-9097
• Format: Word; Rich Text

Description

Stockholders Agreement among Schick Technologies, Inc., David Schick, Allen Schick and Greystone Funding Corporation dated December 27, 1999. 5 pages The District of Columbia Stockholders Agreement is a legally binding document that outlines the rights and responsibilities of the shareholders of Schick Technologies, Inc., including David Schick, Allen Schick, and Grey stone Funding Corp. This agreement is designed to protect the interests of the shareholders and provide guidelines for their participation in the company's decision-making processes, financial matters, and ownership rights. It establishes rules for buying, selling, and transferring stock, as well as mechanisms for dispute resolution among the shareholders. There might be different types of District of Columbia Stockholders Agreement, including: 1. Voting Agreement: This type of agreement outlines the voting rights and responsibilities of shareholders, such as the number of votes each share represents and procedures for voting on important company matters. 2. Buy-Sell Agreement: A buy-sell agreement addresses the circumstances under which a shareholder can sell their stock, including provisions for offering the stock to existing shareholders or the company itself. It helps regulate the ownership transfer process in the event of death, incapacity, retirement, or voluntary departure. 3. Rights Agreement: A rights' agreement, also known as a "poison pill" agreement, is designed to deter potential hostile takeover attempts by granting existing shareholders certain rights, such as the ability to purchase additional shares at a discounted price or receiving preferential dividends. 4. Confidentiality Agreement: A confidentiality agreement may be included within a stockholders' agreement to protect sensitive company information from being disclosed to third parties. It specifies that the shareholders must maintain the confidentiality of any proprietary or trade secret information they receive during their tenure as shareholders. These are just a few examples of the various types of District of Columbia Stockholders Agreements that may exist, depending on the specific circumstances and intentions of the shareholders involved. It is essential for all parties to consult legal professionals with expertise in corporate law to create an agreement that suits their needs and ensures a fair and prosperous business environment for all involved parties.

The District of Columbia Stockholders Agreement is a legally binding document that outlines the rights and responsibilities of the shareholders of Schick Technologies, Inc., including David Schick, Allen Schick, and Grey stone Funding Corp. This agreement is designed to protect the interests of the shareholders and provide guidelines for their participation in the company's decision-making processes, financial matters, and ownership rights. It establishes rules for buying, selling, and transferring stock, as well as mechanisms for dispute resolution among the shareholders. There might be different types of District of Columbia Stockholders Agreement, including: 1. Voting Agreement: This type of agreement outlines the voting rights and responsibilities of shareholders, such as the number of votes each share represents and procedures for voting on important company matters. 2. Buy-Sell Agreement: A buy-sell agreement addresses the circumstances under which a shareholder can sell their stock, including provisions for offering the stock to existing shareholders or the company itself. It helps regulate the ownership transfer process in the event of death, incapacity, retirement, or voluntary departure. 3. Rights Agreement: A rights' agreement, also known as a "poison pill" agreement, is designed to deter potential hostile takeover attempts by granting existing shareholders certain rights, such as the ability to purchase additional shares at a discounted price or receiving preferential dividends. 4. Confidentiality Agreement: A confidentiality agreement may be included within a stockholders' agreement to protect sensitive company information from being disclosed to third parties. It specifies that the shareholders must maintain the confidentiality of any proprietary or trade secret information they receive during their tenure as shareholders. These are just a few examples of the various types of District of Columbia Stockholders Agreements that may exist, depending on the specific circumstances and intentions of the shareholders involved. It is essential for all parties to consult legal professionals with expertise in corporate law to create an agreement that suits their needs and ensures a fair and prosperous business environment for all involved parties.