Stockholders Agreement among Schick Technologies, Inc., David Schick, Allen Schick and Greystone Funding Corporation dated December 27, 1999. 5 pages
Ohio Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp is a legally binding agreement that outlines the rights, responsibilities, and obligations of the parties involved in the Ohio corporate structure. The agreement is customized to suit the specific needs and objectives of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, ensuring a clear understanding of each party's roles and interests. It is crucial in maintaining the stability and successful operation of the company. Key features of the Ohio Stockholders Agreement include: 1. Ownership Structure: The agreement clearly defines the ownership interests of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp in the company. It outlines the percentage of shares held by each party and the voting rights associated with their respective shareholdings. 2. Decision-Making: The agreement establishes a framework for decision-making within the company. It outlines the procedures and thresholds for making significant decisions, such as mergers and acquisitions, hiring key executives, or changing the company's capital structure. 3. Share Transfer Restrictions: To maintain stability and prevent unwanted transfers, the agreement sets restrictions on the transfer of shares between the parties. It may include first right of refusal provisions or require unanimous consent before any share transfer can occur. 4. Board Composition: The agreement addresses the composition of the company's board of directors, including the representation of each party. It defines the number of board seats allocated to Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, ensuring balanced representation. 5. Confidentiality and Non-Compete: The agreement may include provisions ensuring the protection of confidential information and trade secrets of the company. It may also restrict shareholders from engaging in competition that could harm the company's interests. 6. Dispute Resolution: In the event of a dispute, the agreement typically outlines the procedures for resolving conflicts, including mediation, arbitration, or litigation. It is important to note that there may be other types or variations of Ohio Stockholders Agreements between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, depending on their specific business objectives and circumstances. Some examples of such variations may include agreements tailored for minority shareholders, agreements addressing succession planning or buy-sell provisions, or agreements specifically designed for attracting additional funding from external investors. In conclusion, the Ohio Stockholders Agreement acts as a comprehensive and essential document that governs the relationships, responsibilities, and rights of all parties involved. It ensures a harmonious and efficient operation of Schick Technologies, Inc. while safeguarding the interests of each shareholder.
Ohio Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp is a legally binding agreement that outlines the rights, responsibilities, and obligations of the parties involved in the Ohio corporate structure. The agreement is customized to suit the specific needs and objectives of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, ensuring a clear understanding of each party's roles and interests. It is crucial in maintaining the stability and successful operation of the company. Key features of the Ohio Stockholders Agreement include: 1. Ownership Structure: The agreement clearly defines the ownership interests of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp in the company. It outlines the percentage of shares held by each party and the voting rights associated with their respective shareholdings. 2. Decision-Making: The agreement establishes a framework for decision-making within the company. It outlines the procedures and thresholds for making significant decisions, such as mergers and acquisitions, hiring key executives, or changing the company's capital structure. 3. Share Transfer Restrictions: To maintain stability and prevent unwanted transfers, the agreement sets restrictions on the transfer of shares between the parties. It may include first right of refusal provisions or require unanimous consent before any share transfer can occur. 4. Board Composition: The agreement addresses the composition of the company's board of directors, including the representation of each party. It defines the number of board seats allocated to Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, ensuring balanced representation. 5. Confidentiality and Non-Compete: The agreement may include provisions ensuring the protection of confidential information and trade secrets of the company. It may also restrict shareholders from engaging in competition that could harm the company's interests. 6. Dispute Resolution: In the event of a dispute, the agreement typically outlines the procedures for resolving conflicts, including mediation, arbitration, or litigation. It is important to note that there may be other types or variations of Ohio Stockholders Agreements between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, depending on their specific business objectives and circumstances. Some examples of such variations may include agreements tailored for minority shareholders, agreements addressing succession planning or buy-sell provisions, or agreements specifically designed for attracting additional funding from external investors. In conclusion, the Ohio Stockholders Agreement acts as a comprehensive and essential document that governs the relationships, responsibilities, and rights of all parties involved. It ensures a harmonious and efficient operation of Schick Technologies, Inc. while safeguarding the interests of each shareholder.