Missouri 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 Missouri Stockholders Agreement is a legally binding document that establishes the rights and responsibilities of shareholders in a corporation. It outlines the terms and conditions governing the respective rights and obligations of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. In this agreement, key aspects such as ownership percentages, voting rights, decision-making processes, management responsibilities, and buyout provisions are detailed. This agreement ensures that all parties involved are granted clear expectations and protections. It helps avoid misunderstandings, conflicts of interest, and promotes a smooth functioning of the corporation. The Missouri Stockholders Agreement includes relevant keywords such as shareholder rights, shareholder obligations, corporate governance, voting rights, ownership percentages, management responsibilities, and decision-making processes. Different types of Missouri Stockholders Agreement might exist between the aforementioned parties, depending on their specific needs and circumstances. These variations could include: 1. Vesting Agreement: This agreement is commonly used to outline the vesting schedule for shares owned by Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. The vesting schedule defines the timeframe within which the shares become fully owned by the shareholder. It may be subject to certain conditions, such as continued involvement in the company or achieving specific performance goals. 2. Buy-Sell Agreement: This agreement lays out the terms and conditions under which the shareholders can buy or sell their shares in the corporation. It typically includes provisions for the purchase price, valuation methods, rights of first refusal, and drag-along and tag-along rights. This agreement provides an exit strategy and ensures a fair process for shareholders to sell their shares or acquire additional ones in specific situations. 3. Voting Agreement: A voting agreement establishes the voting rights and procedures among the shareholders. It may specify matters requiring unanimity, super majority, or simple majority for decision-making. This agreement can protect minority shareholders' interests and ensure a fair decision-making process for all parties involved. 4. Shareholder Rights Agreement: This agreement defines the rights and privileges of the shareholders, including dividends, preemptive rights, information rights, and access to corporate records. It clarifies the rights and benefits each shareholder possesses, promoting transparency and fairness within the corporation. These examples represent some potential variations of the Missouri Stockholders Agreement that Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. could consider, given their individual circumstances and requirements. It is important for all parties involved to seek legal advice to draft an agreement that aligns with their specific needs and provides adequate protection and clarity for all shareholders.