Massachusetts 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 Massachusetts Stockholders Agreement is a legally binding contract entered into between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. It outlines the rights and obligations of each party with regard to the ownership and management of the company's stocks. In this agreement, the parties involved agree to certain provisions that govern the relationship between them and help protect their interests. The agreement may vary depending on the specific circumstances and objectives of the parties involved. However, some common types of Massachusetts Stockholders Agreements include: 1. Transfer Restrictions: This type of agreement may include provisions restricting the transfer of shares to outside parties without the consent of other stockholders. It aims to maintain the stability and control of Schick Technologies, Inc. by preventing unwanted or unsuitable shareholders from acquiring significant ownership. 2. Buy-Sell Agreement: This provision specifies the conditions and procedures for buying or selling shares among the parties. It may establish mechanisms such as a right of first refusal or mandatory buyout provisions in the event of a stockholder's desire to sell their shares. 3. Voting Rights: The agreement may address voting rights to ensure fair governance and decision-making within the company. It can include provisions that allow for voting as a single class or granting certain classes of shares different voting rights. 4. Board Representation: This provision defines the number of seats and the process for appointing and removing directors representing the respective parties. It ensures adequate representation of the shareholders' interests on the company's board. 5. Confidentiality and Non-Compete: These provisions may prevent stockholders from disclosing or utilizing proprietary or sensitive information obtained through their involvement in Schick Technologies, Inc. Additionally, they may restrict stockholders from engaging in activities that compete directly with the company. 6. Dispute Resolution: A Massachusetts Stockholders Agreement often includes provisions that dictate the methods for resolving disagreements or disputes among the parties, such as arbitration or mediation, before resorting to litigation. These are just a few examples of the various types of Massachusetts Stockholders Agreements that could be developed between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. The specific terms and conditions of the agreement would need to be determined through negotiation and tailored to the needs and preferences of the parties involved.

A Massachusetts Stockholders Agreement is a legally binding contract entered into between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. It outlines the rights and obligations of each party with regard to the ownership and management of the company's stocks. In this agreement, the parties involved agree to certain provisions that govern the relationship between them and help protect their interests. The agreement may vary depending on the specific circumstances and objectives of the parties involved. However, some common types of Massachusetts Stockholders Agreements include: 1. Transfer Restrictions: This type of agreement may include provisions restricting the transfer of shares to outside parties without the consent of other stockholders. It aims to maintain the stability and control of Schick Technologies, Inc. by preventing unwanted or unsuitable shareholders from acquiring significant ownership. 2. Buy-Sell Agreement: This provision specifies the conditions and procedures for buying or selling shares among the parties. It may establish mechanisms such as a right of first refusal or mandatory buyout provisions in the event of a stockholder's desire to sell their shares. 3. Voting Rights: The agreement may address voting rights to ensure fair governance and decision-making within the company. It can include provisions that allow for voting as a single class or granting certain classes of shares different voting rights. 4. Board Representation: This provision defines the number of seats and the process for appointing and removing directors representing the respective parties. It ensures adequate representation of the shareholders' interests on the company's board. 5. Confidentiality and Non-Compete: These provisions may prevent stockholders from disclosing or utilizing proprietary or sensitive information obtained through their involvement in Schick Technologies, Inc. Additionally, they may restrict stockholders from engaging in activities that compete directly with the company. 6. Dispute Resolution: A Massachusetts Stockholders Agreement often includes provisions that dictate the methods for resolving disagreements or disputes among the parties, such as arbitration or mediation, before resorting to litigation. These are just a few examples of the various types of Massachusetts Stockholders Agreements that could be developed between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. The specific terms and conditions of the agreement would need to be determined through negotiation and tailored to the needs and preferences of the parties involved.