Louisiana Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc.

• Category: Corporations - Public - Stockholder
• State: Multi-State
• Control #: US-EG-9270
• Format: Word; Rich Text

Description

Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc. regarding Buyer and Merger Sub entering into merger agreement dated October 5, 1999. 8 pages. A Louisiana Stockholder Support Agreement is a legally binding document executed between Andrew H. Tompkins and Isle of Capri Casinos, Inc. It outlines the terms and conditions under which Andrew H. Tompkins agrees to support the interests of Isle of Capri Casinos, Inc. This agreement is crucial for maintaining a harmonious relationship between the stockholders and the company. It helps to promote transparency, accountability, and mutual understanding between the parties involved. The Louisiana Stockholder Support Agreement typically includes several key provisions: 1. Support for Corporate Actions: The agreement outlines that Andrew H. Tompkins will support the board of directors and management of Isle of Capri Casinos, Inc. in their corporate actions, including but not limited to mergers, acquisitions, reorganizations, and other strategic decisions. 2. Voting Rights: The agreement may specify how Andrew H. Tompkins will vote with regard to certain matters that require stockholder approval. This ensures a unified voice and consistent approach from the stockholders of Isle of Capri Casinos, Inc. 3. Confidentiality: Both parties agree to maintain strict confidentiality and not disclose any sensitive company information to third parties. This provision protects the company's trade secrets, financials, and other confidential information. 4. Non-Compete and Non-Solicitation: There might be clauses preventing Andrew H. Tompkins from engaging in activities that compete with Isle of Capri Casinos, Inc. or soliciting its employees, clients, or customers. This protects the company's interests and prevents potential conflicts of interest. 5. Term and Termination: The agreement specifies the duration of the support agreement and the circumstances under which it can be terminated, such as a change in control of the company or the occurrence of specific events. Types of Louisiana Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc.: 1. Initial Stockholder Support Agreement: This is the first agreement executed between Andrew H. Tompkins and Isle of Capri Casinos, Inc., establishing the initial terms of their collaboration and support. 2. Amended and Restated Stockholder Support Agreement: This type of agreement is executed when there is a need to modify or update the terms and conditions of the original stockholder support agreement. It amends and restates the provisions of the earlier agreement to reflect the new terms. 3. Supplemental Stockholder Support Agreement: In certain situations, additional agreements may be executed to supplement the initial agreement. These supplemental agreements address specific matters that were not covered or adequately detailed in the principal stockholder support agreement. The Louisiana Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc. plays a vital role in fostering a strong relationship between the stockholder and the company. It ensures that both parties are aligned in their objectives and provides a formal structure for cooperation and support in important business decisions.

A Louisiana Stockholder Support Agreement is a legally binding document executed between Andrew H. Tompkins and Isle of Capri Casinos, Inc. It outlines the terms and conditions under which Andrew H. Tompkins agrees to support the interests of Isle of Capri Casinos, Inc. This agreement is crucial for maintaining a harmonious relationship between the stockholders and the company. It helps to promote transparency, accountability, and mutual understanding between the parties involved. The Louisiana Stockholder Support Agreement typically includes several key provisions: 1. Support for Corporate Actions: The agreement outlines that Andrew H. Tompkins will support the board of directors and management of Isle of Capri Casinos, Inc. in their corporate actions, including but not limited to mergers, acquisitions, reorganizations, and other strategic decisions. 2. Voting Rights: The agreement may specify how Andrew H. Tompkins will vote with regard to certain matters that require stockholder approval. This ensures a unified voice and consistent approach from the stockholders of Isle of Capri Casinos, Inc. 3. Confidentiality: Both parties agree to maintain strict confidentiality and not disclose any sensitive company information to third parties. This provision protects the company's trade secrets, financials, and other confidential information. 4. Non-Compete and Non-Solicitation: There might be clauses preventing Andrew H. Tompkins from engaging in activities that compete with Isle of Capri Casinos, Inc. or soliciting its employees, clients, or customers. This protects the company's interests and prevents potential conflicts of interest. 5. Term and Termination: The agreement specifies the duration of the support agreement and the circumstances under which it can be terminated, such as a change in control of the company or the occurrence of specific events. Types of Louisiana Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc.: 1. Initial Stockholder Support Agreement: This is the first agreement executed between Andrew H. Tompkins and Isle of Capri Casinos, Inc., establishing the initial terms of their collaboration and support. 2. Amended and Restated Stockholder Support Agreement: This type of agreement is executed when there is a need to modify or update the terms and conditions of the original stockholder support agreement. It amends and restates the provisions of the earlier agreement to reflect the new terms. 3. Supplemental Stockholder Support Agreement: In certain situations, additional agreements may be executed to supplement the initial agreement. These supplemental agreements address specific matters that were not covered or adequately detailed in the principal stockholder support agreement. The Louisiana Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc. plays a vital role in fostering a strong relationship between the stockholder and the company. It ensures that both parties are aligned in their objectives and provides a formal structure for cooperation and support in important business decisions.