Delaware 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 A Delaware Stockholders Agreement is a legal contract that outlines the rights and responsibilities of the shareholders of a Delaware corporation, in this case, Schick Technologies, Inc., and the individuals or entities associated with it, namely, David Schick, Allen Schick, and Grey stone Funding Corp. This agreement is designed to protect the interests of the shareholders and ensure smooth functioning of the company. It establishes guidelines for key aspects such as ownership percentages, voting rights, management control, decision-making processes, transfer of shares, and dispute resolution mechanisms. Under the Delaware Stockholders Agreement, the shareholders agree on the distribution of profits, dividends, and the allocation of assets in case of liquidation. They also define the terms for the issuance of additional shares, the conditions for selling or transferring shares, and any restrictions or limitations on these actions. Different types of Delaware Stockholders Agreements that could be applicable in this context include: 1. Voting Agreement: This agreement focuses on the voting rights of the shareholders, ensuring alignment and cooperation when voting on key corporate matters such as the appointment of directors, mergers, acquisitions, or major capital expenditures. 2. Buy-Sell Agreement: This agreement outlines the terms and conditions for the purchase or sale of shares among the shareholders. It may include preemptive rights, valuation methodologies, and mechanisms for resolving disputes that may arise during such transactions. 3. Right of First Refusal Agreement: This agreement gives existing shareholders the opportunity to purchase shares before they are offered to external parties. It helps maintain the ownership structure and prevents unwanted dilution. 4. Drag-Along Agreement: This agreement allows a majority or controlling shareholder to force minority shareholders to sell their shares in the event of a sale or merger. It ensures a smooth transaction and provides the majority shareholders with the ability to attract potential buyers or investors. 5. Tag-Along Agreement: This agreement protects minority shareholders by enabling them to sell their shares on the same terms and conditions as the majority shareholders in the event of a sale or merger. It ensures that the minority shareholders are not left at a disadvantage and can benefit from the deal. All of these variations on Delaware Stockholders Agreements aim to provide clarity, protection, and efficient decision-making processes for the shareholders of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. By carefully considering the specific needs and dynamics of the company, a tailored Stockholders Agreement can mitigate conflicts and foster a cooperative and stable corporate environment.

A Delaware Stockholders Agreement is a legal contract that outlines the rights and responsibilities of the shareholders of a Delaware corporation, in this case, Schick Technologies, Inc., and the individuals or entities associated with it, namely, David Schick, Allen Schick, and Grey stone Funding Corp. This agreement is designed to protect the interests of the shareholders and ensure smooth functioning of the company. It establishes guidelines for key aspects such as ownership percentages, voting rights, management control, decision-making processes, transfer of shares, and dispute resolution mechanisms. Under the Delaware Stockholders Agreement, the shareholders agree on the distribution of profits, dividends, and the allocation of assets in case of liquidation. They also define the terms for the issuance of additional shares, the conditions for selling or transferring shares, and any restrictions or limitations on these actions. Different types of Delaware Stockholders Agreements that could be applicable in this context include: 1. Voting Agreement: This agreement focuses on the voting rights of the shareholders, ensuring alignment and cooperation when voting on key corporate matters such as the appointment of directors, mergers, acquisitions, or major capital expenditures. 2. Buy-Sell Agreement: This agreement outlines the terms and conditions for the purchase or sale of shares among the shareholders. It may include preemptive rights, valuation methodologies, and mechanisms for resolving disputes that may arise during such transactions. 3. Right of First Refusal Agreement: This agreement gives existing shareholders the opportunity to purchase shares before they are offered to external parties. It helps maintain the ownership structure and prevents unwanted dilution. 4. Drag-Along Agreement: This agreement allows a majority or controlling shareholder to force minority shareholders to sell their shares in the event of a sale or merger. It ensures a smooth transaction and provides the majority shareholders with the ability to attract potential buyers or investors. 5. Tag-Along Agreement: This agreement protects minority shareholders by enabling them to sell their shares on the same terms and conditions as the majority shareholders in the event of a sale or merger. It ensures that the minority shareholders are not left at a disadvantage and can benefit from the deal. All of these variations on Delaware Stockholders Agreements aim to provide clarity, protection, and efficient decision-making processes for the shareholders of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. By carefully considering the specific needs and dynamics of the company, a tailored Stockholders Agreement can mitigate conflicts and foster a cooperative and stable corporate environment.