Indiana 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 Indiana Stockholders Agreement is a legally binding contract between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, outlining the rights and responsibilities of each party in relation to their stock ownership in the company. This agreement is crucial for establishing the relationship, expectations, and obligations of the stockholders in accordance with Indiana state laws. The document addresses various key aspects, primarily focusing on the following: 1. Stock Ownership: The agreement specifies the number and type of shares held by each party, providing detailed information about the initial stock acquisition and subsequent transactions. It also covers any restrictions or limitations on the transfer of shares to ensure control and stability within the corporation. 2. Voting Rights: The agreement defines the voting rights associated with the shares and outlines the procedures for voting on significant corporate matters. It may detail the quorum required for a valid vote and mechanisms for resolving potential deadlocks on important decisions. 3. Management and Governance: It clarifies the roles and responsibilities of individual stockholders within the company's management structure. It may grant the right to appoint directors or members to certain committees. The agreement also outlines how key decisions will be made, such as the election of officers, approval of annual budgets, and formulation of business strategies. 4. Shareholder Obligations: The document typically includes provisions on stockholder responsibilities, such as prohibiting competition or conflicts of interest that may adversely affect the company. It may also outline obligations related to capital contributions, financial reporting, and maintaining confidentiality. 5. Dividends and Distributions: The agreement may address the distribution of profits through dividends, specifying the rights and timing of such distributions, as well as any restrictions or conditions that apply. 6. Dispute Resolution: In the event of disagreements or disputes, the agreement may outline the process for resolving conflicts, including mechanisms for mediation, arbitration, or litigation. While there may not be different types of Indiana Stockholders Agreements between these specific parties, variations in agreements exist based on the specific needs and negotiated terms of corporations and stockholders. These variations could include provisions related to buy-back options, restrictions on transfers to third parties, drag-along rights, or tag-along rights. It is crucial for all parties involved to consult legal professionals to ensure that their Indiana Stockholders Agreement adequately addresses their unique circumstances and protects their interests.

Indiana Stockholders Agreement is a legally binding contract between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, outlining the rights and responsibilities of each party in relation to their stock ownership in the company. This agreement is crucial for establishing the relationship, expectations, and obligations of the stockholders in accordance with Indiana state laws. The document addresses various key aspects, primarily focusing on the following: 1. Stock Ownership: The agreement specifies the number and type of shares held by each party, providing detailed information about the initial stock acquisition and subsequent transactions. It also covers any restrictions or limitations on the transfer of shares to ensure control and stability within the corporation. 2. Voting Rights: The agreement defines the voting rights associated with the shares and outlines the procedures for voting on significant corporate matters. It may detail the quorum required for a valid vote and mechanisms for resolving potential deadlocks on important decisions. 3. Management and Governance: It clarifies the roles and responsibilities of individual stockholders within the company's management structure. It may grant the right to appoint directors or members to certain committees. The agreement also outlines how key decisions will be made, such as the election of officers, approval of annual budgets, and formulation of business strategies. 4. Shareholder Obligations: The document typically includes provisions on stockholder responsibilities, such as prohibiting competition or conflicts of interest that may adversely affect the company. It may also outline obligations related to capital contributions, financial reporting, and maintaining confidentiality. 5. Dividends and Distributions: The agreement may address the distribution of profits through dividends, specifying the rights and timing of such distributions, as well as any restrictions or conditions that apply. 6. Dispute Resolution: In the event of disagreements or disputes, the agreement may outline the process for resolving conflicts, including mechanisms for mediation, arbitration, or litigation. While there may not be different types of Indiana Stockholders Agreements between these specific parties, variations in agreements exist based on the specific needs and negotiated terms of corporations and stockholders. These variations could include provisions related to buy-back options, restrictions on transfers to third parties, drag-along rights, or tag-along rights. It is crucial for all parties involved to consult legal professionals to ensure that their Indiana Stockholders Agreement adequately addresses their unique circumstances and protects their interests.