Indiana Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock

• Category: Corporations - Public - Voting Agreements
• State: Multi-State
• Control #: US-EG-9335
• Format: Word; Rich Text

Description

Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock dated October 22, 1999. 6 pages. Title: Understanding the Indiana Voting Agreement: ID Recap, Inc. and Steven R. Catkin's Share Exchange Arrangements Keywords: Indiana Voting Agreement, ID Recap Inc., Steven R. Catkin, exchange of shares, capital stock, share exchange arrangements Introduction: The Indiana Voting Agreement serves as a legal contract between ID Recap, Inc. and Steven R. Catkin, delineating the terms and conditions for the exchange of shares of capital stock. This agreement promotes transparency, cooperation, and stability in shareholder relations. This article provides a detailed description of the Indiana Voting Agreement between ID Recap, Inc. and Steven R. Catkin, shedding light on the various types and implications of these agreements. Types of Indiana Voting Agreement between ID Recap, Inc., and Steven R. Catkin: 1. Standard Share Exchange Agreement: The standard Indiana Voting Agreement outlines the basic principles and processes concerning the exchange of shares of capital stock. It includes provisions that cover transfer restrictions, voting rights, restrictions on sale, and preemptive rights. This agreement typically ensures equal representation of shareholders in decision-making processes. 2. Voting Trust Agreement: A voting trust agreement is another type of Indiana Voting Agreement that ID Recap, Inc. and Steven R. Catkin may enter into. Under this arrangement, one or multiple shareholders can transfer their shares to a designated trustee. The trustee then exercises voting rights on behalf of all trust beneficiaries, giving them collective control over the company's affairs. 3. Proxy Agreement: A proxy agreement enables ID Recap, Inc. and Steven R. Catkin to appoint proxies that represent their voting rights in shareholder meetings. This agreement is often employed when shareholders are unable to attend meetings personally or prefer to delegate their voting rights to trusted individuals. Key Clauses and Provisions: 1. Ownership and Transfer Restrictions: The Indiana Voting Agreement clarifies the number and type of shares to be exchanged between ID Recap, Inc. and Steven R. Catkin. It may also outline any limitations or requirements regarding future transfers of shares, aiming to maintain stability and prevent unwanted changes in ownership. 2. Voting Rights: The agreement specifies the extent of voting rights and procedures to be followed by ID Recap, Inc. and Steven R. Catkin. It may identify voting thresholds, methods of counting votes, and any limitations or obligations associated with the exercise of these rights. 3. Preemptive Rights: This clause ensures that both parties are given an opportunity to purchase additional shares or maintain their proportional ownership in the event of future share issuance. It safeguards their interests by preventing dilution of ownership. 4. Confidentiality: The Indiana Voting Agreement encompasses confidentiality provisions designed to protect sensitive information shared between the parties. These provisions prevent the disclosure or misuse of proprietary business details, ensuring the maintenance of a secure and trustworthy relationship. Conclusion: The Indiana Voting Agreement between ID Recap, Inc. and Steven R. Catkin plays a crucial role in the exchange of shares of capital stock. It provides a framework for decision-making, limits on share transfers, and mechanisms for promoting trust and cooperation among shareholders. By understanding the various types and key provisions within these agreements, ID Recap, Inc. and Steven R. Catkin can enter into a fair and secure share exchange arrangement that supports their long-term goals and interests.

Title: Understanding the Indiana Voting Agreement: ID Recap, Inc. and Steven R. Catkin's Share Exchange Arrangements Keywords: Indiana Voting Agreement, ID Recap Inc., Steven R. Catkin, exchange of shares, capital stock, share exchange arrangements Introduction: The Indiana Voting Agreement serves as a legal contract between ID Recap, Inc. and Steven R. Catkin, delineating the terms and conditions for the exchange of shares of capital stock. This agreement promotes transparency, cooperation, and stability in shareholder relations. This article provides a detailed description of the Indiana Voting Agreement between ID Recap, Inc. and Steven R. Catkin, shedding light on the various types and implications of these agreements. Types of Indiana Voting Agreement between ID Recap, Inc., and Steven R. Catkin: 1. Standard Share Exchange Agreement: The standard Indiana Voting Agreement outlines the basic principles and processes concerning the exchange of shares of capital stock. It includes provisions that cover transfer restrictions, voting rights, restrictions on sale, and preemptive rights. This agreement typically ensures equal representation of shareholders in decision-making processes. 2. Voting Trust Agreement: A voting trust agreement is another type of Indiana Voting Agreement that ID Recap, Inc. and Steven R. Catkin may enter into. Under this arrangement, one or multiple shareholders can transfer their shares to a designated trustee. The trustee then exercises voting rights on behalf of all trust beneficiaries, giving them collective control over the company's affairs. 3. Proxy Agreement: A proxy agreement enables ID Recap, Inc. and Steven R. Catkin to appoint proxies that represent their voting rights in shareholder meetings. This agreement is often employed when shareholders are unable to attend meetings personally or prefer to delegate their voting rights to trusted individuals. Key Clauses and Provisions: 1. Ownership and Transfer Restrictions: The Indiana Voting Agreement clarifies the number and type of shares to be exchanged between ID Recap, Inc. and Steven R. Catkin. It may also outline any limitations or requirements regarding future transfers of shares, aiming to maintain stability and prevent unwanted changes in ownership. 2. Voting Rights: The agreement specifies the extent of voting rights and procedures to be followed by ID Recap, Inc. and Steven R. Catkin. It may identify voting thresholds, methods of counting votes, and any limitations or obligations associated with the exercise of these rights. 3. Preemptive Rights: This clause ensures that both parties are given an opportunity to purchase additional shares or maintain their proportional ownership in the event of future share issuance. It safeguards their interests by preventing dilution of ownership. 4. Confidentiality: The Indiana Voting Agreement encompasses confidentiality provisions designed to protect sensitive information shared between the parties. These provisions prevent the disclosure or misuse of proprietary business details, ensuring the maintenance of a secure and trustworthy relationship. Conclusion: The Indiana Voting Agreement between ID Recap, Inc. and Steven R. Catkin plays a crucial role in the exchange of shares of capital stock. It provides a framework for decision-making, limits on share transfers, and mechanisms for promoting trust and cooperation among shareholders. By understanding the various types and key provisions within these agreements, ID Recap, Inc. and Steven R. Catkin can enter into a fair and secure share exchange arrangement that supports their long-term goals and interests.