New York 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. The New York Stockholder Support Agreement is a legally binding document between Andrew H. Tompkins and Isle of Capri Casinos, Inc. It outlines the terms and provisions under which Tompkins, as a stockholder of the company, is pledging his support and cooperation for the company's operations, management decisions, and future corporate actions. This agreement ensures that Tompkins will actively participate in stockholder meetings, exercising his voting rights in favor of Isle of Capri's agenda, including director elections, proposed mergers or acquisitions, and other major corporate transactions. By entering into this agreement, both parties aim to align their interests and work collaboratively to enhance the company's growth, profitability, and value for all stockholders. Some types of Stockholder Support Agreements between Andrew H. Tompkins and Isle of Capri Casinos, Inc. may include: 1. Voting Agreement: This type of agreement specifically focuses on Tompkins' obligations regarding voting his shares in accordance with the company's directives, while allowing for flexibility in individual voting decisions on certain matters. 2. Tender Offer Support Agreement: This agreement pertains to situations where Isle of Capri receives a tender offer from another entity. Tompkins commits to tender his shares to the company or, if he doesn't, he agrees to provide his reasoning and negotiate with the company in good faith. 3. Standstill Agreement: In this type of agreement, Tompkins agrees not to take certain actions that could potentially impact Isle of Capri's business or disrupt the company's management and operations. This includes refraining from acquiring additional shares, launching proxy contests, or soliciting other stockholders without prior consent. 4. Lock-up Agreement: If Isle of Capri is pursuing an initial public offering (IPO) or secondary offering, this agreement may restrict Tompkins from selling his shares for a specified period. The lock-up period ensures stability and attracts potential investors by preventing sudden stock dumping. In summary, the New York Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc. establishes a framework for cooperation and mutual understanding, defining Tompkins' role as a supportive stockholder committed to the success and growth of the company.

The New York Stockholder Support Agreement is a legally binding document between Andrew H. Tompkins and Isle of Capri Casinos, Inc. It outlines the terms and provisions under which Tompkins, as a stockholder of the company, is pledging his support and cooperation for the company's operations, management decisions, and future corporate actions. This agreement ensures that Tompkins will actively participate in stockholder meetings, exercising his voting rights in favor of Isle of Capri's agenda, including director elections, proposed mergers or acquisitions, and other major corporate transactions. By entering into this agreement, both parties aim to align their interests and work collaboratively to enhance the company's growth, profitability, and value for all stockholders. Some types of Stockholder Support Agreements between Andrew H. Tompkins and Isle of Capri Casinos, Inc. may include: 1. Voting Agreement: This type of agreement specifically focuses on Tompkins' obligations regarding voting his shares in accordance with the company's directives, while allowing for flexibility in individual voting decisions on certain matters. 2. Tender Offer Support Agreement: This agreement pertains to situations where Isle of Capri receives a tender offer from another entity. Tompkins commits to tender his shares to the company or, if he doesn't, he agrees to provide his reasoning and negotiate with the company in good faith. 3. Standstill Agreement: In this type of agreement, Tompkins agrees not to take certain actions that could potentially impact Isle of Capri's business or disrupt the company's management and operations. This includes refraining from acquiring additional shares, launching proxy contests, or soliciting other stockholders without prior consent. 4. Lock-up Agreement: If Isle of Capri is pursuing an initial public offering (IPO) or secondary offering, this agreement may restrict Tompkins from selling his shares for a specified period. The lock-up period ensures stability and attracts potential investors by preventing sudden stock dumping. In summary, the New York Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc. establishes a framework for cooperation and mutual understanding, defining Tompkins' role as a supportive stockholder committed to the success and growth of the company.