Nevada Stockholder Support Agreement is a legally binding contract entered into between Andrew H. Tompkins and Isle of Capri Casinos, Inc. with the purpose of outlining the terms and conditions concerning stockholder support in Nevada corporations. In this agreement, Andrew H. Tompkins, a stockholder of the corporation, agrees to support Isle of Capri Casinos, Inc. in various matters, such as corporate actions, voting decisions, and management actions. The agreement aims to ensure stability and unity among stockholders in order to effectively operate the corporation. Some key elements covered in the Nevada Stockholder Support Agreement include: 1. Voting Support: Andrew H. Tompkins commits to voting in favor of specific proposals, resolutions, or actions put forth by the corporation. These may include mergers, acquisitions, amendments to the bylaws, changes to the capital structure, and appointment of key executives or directors. 2. Non-Compete and Non-Disclosure: The agreement may outline restrictions on Andrew H. Tompkins from engaging in any form of competition with Isle of Capri Casinos, Inc. during the term of the agreement. It may also require confidentiality regarding any non-public information obtained through the stockholder's association with the corporation. 3. Stock Transfer Restrictions: The agreement might include restrictions on transferring or assigning the stock owned by Andrew H. Tompkins without the prior consent of Isle of Capri Casinos, Inc. This provision aims to prevent unwanted changes in ownership that could impact the corporation's stability. 4. Termination or Amendment: The agreement may specify the circumstances under which the agreement can be terminated, such as a change in control of the corporation or breach of the agreement terms. It may also outline provisions for amending the agreement with mutual consent. In some cases, there might be different types or variations of the Nevada Stockholder Support Agreement: 1. Limited Support Agreement: This type of agreement may limit the scope of support and specific actions that Andrew H. Tompkins is obligated to undertake. 2. Enhanced Support Agreement: In contrast to a limited agreement, this variation could provide for a broader range of support and responsibilities beyond just voting, such as active involvement in shaping the corporation's strategic decisions or advocating for its interests. 3. Conditional Support Agreement: This type of agreement might come into effect based on certain predetermined conditions, like the completion of a specific transaction or the achievement of certain financial targets. 4. Long-Term Support Agreement: Unlike a standard agreement, this variant may extend the support commitment over a longer period, providing stability and continuity in the corporation's decision-making process. It is crucial to note that the specific terms, conditions, and variations of the Nevada Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc. may vary depending on the negotiated terms and individual circumstances of the parties involved.
Nevada Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc.
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