Stockholders Agreement between Unilab Corporation , Kelso Investment Associates VI, LLP, KEP VI, LLC, EOS Partners, LP, Pequot Scout Fund, LP, Roll-Over Investors regarding the provision of certain rights and restrictions with respect to outstanding
A Maryland Stockholders Agreement is a legally binding contract that outlines the rights and responsibilities of the stockholders of a Maryland corporation. In the case of Unilab Corp., the agreement is between Unilab Corp., Also Investment Associates VI, LLP, KEEP VI, LLC, EOS Partners, LP, Pequot Scout Fund, LP, and Rollover Investors. This agreement serves to protect the interests of the stockholders and promotes transparency and fair treatment among the parties involved. It sets out various provisions related to the management, operation, and governance of the company. These provisions encompass important aspects such as voting rights, decision-making processes, restrictions on transfer of shares, and mechanisms for dispute resolution. The agreement also addresses matters like the composition of the board of directors, corporate decision-making procedures, and restrictions on certain actions, such as issuing additional shares or entering into significant transactions. It may also outline the rights and obligations in case of a change in control of the corporation, including potential buyout provisions or the right of first refusal. Different types of Maryland Stockholders Agreements can be categorized based on their specific focus or provisions. Some common types include: 1. Voting Agreement: This type of agreement governs the voting rights and procedures of the stockholders, particularly in relation to major corporate decisions such as mergers, acquisitions, or appointment of key executives. 2. Transfer Restriction Agreement: This agreement imposes restrictions on the transfer of shares, ensuring that the stockholders cannot freely sell or transfer their ownership without complying with certain conditions, such as obtaining approval from other stockholders or the board of directors. 3. Buy-Sell Agreement: Often used in closely held corporations, this agreement outlines the terms and conditions for the sale or purchase of shares among the stockholders, enforcing a predetermined valuation formula or process in case of voluntary or involuntary transfers of ownership. 4. Right of First Refusal Agreement: This agreement grants existing stockholders the first opportunity to purchase shares being offered for sale by another stockholder. It ensures that any external investor or party wishing to acquire shares must first provide the existing stockholders with an opportunity to purchase them on the same terms. By entering into a Maryland Stockholders Agreement, Unilab Corp., Also Investment Associates VI, LLP, KEEP VI, LLC, EOS Partners, LP, Pequot Scout Fund, LP, and Rollover Investors establish a framework for their relationship as stockholders, promoting transparency, accountability, and protection of their respective rights and interests in the corporation.
A Maryland Stockholders Agreement is a legally binding contract that outlines the rights and responsibilities of the stockholders of a Maryland corporation. In the case of Unilab Corp., the agreement is between Unilab Corp., Also Investment Associates VI, LLP, KEEP VI, LLC, EOS Partners, LP, Pequot Scout Fund, LP, and Rollover Investors. This agreement serves to protect the interests of the stockholders and promotes transparency and fair treatment among the parties involved. It sets out various provisions related to the management, operation, and governance of the company. These provisions encompass important aspects such as voting rights, decision-making processes, restrictions on transfer of shares, and mechanisms for dispute resolution. The agreement also addresses matters like the composition of the board of directors, corporate decision-making procedures, and restrictions on certain actions, such as issuing additional shares or entering into significant transactions. It may also outline the rights and obligations in case of a change in control of the corporation, including potential buyout provisions or the right of first refusal. Different types of Maryland Stockholders Agreements can be categorized based on their specific focus or provisions. Some common types include: 1. Voting Agreement: This type of agreement governs the voting rights and procedures of the stockholders, particularly in relation to major corporate decisions such as mergers, acquisitions, or appointment of key executives. 2. Transfer Restriction Agreement: This agreement imposes restrictions on the transfer of shares, ensuring that the stockholders cannot freely sell or transfer their ownership without complying with certain conditions, such as obtaining approval from other stockholders or the board of directors. 3. Buy-Sell Agreement: Often used in closely held corporations, this agreement outlines the terms and conditions for the sale or purchase of shares among the stockholders, enforcing a predetermined valuation formula or process in case of voluntary or involuntary transfers of ownership. 4. Right of First Refusal Agreement: This agreement grants existing stockholders the first opportunity to purchase shares being offered for sale by another stockholder. It ensures that any external investor or party wishing to acquire shares must first provide the existing stockholders with an opportunity to purchase them on the same terms. By entering into a Maryland Stockholders Agreement, Unilab Corp., Also Investment Associates VI, LLP, KEEP VI, LLC, EOS Partners, LP, Pequot Scout Fund, LP, and Rollover Investors establish a framework for their relationship as stockholders, promoting transparency, accountability, and protection of their respective rights and interests in the corporation.