Oklahoma 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 Stockholders Agreement is a legally binding contract between shareholders of a corporation that outlines their rights, obligations, and commitments. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, an Oklahoma Stockholders Agreement is established to regulate their relationship and protect their individual interests. This agreement ensures that all parties involved have a clear understanding of their roles and responsibilities within the corporation. It covers various aspects such as share ownership, voting rights, dividend distribution, dispute resolution, and management of the corporation. By having a comprehensive agreement in place, potential conflicts and misunderstandings can be minimized or resolved efficiently. In Oklahoma, there can be different types of Stockholders Agreements depending on the specific needs and preferences of the parties involved. Some common types include: 1. Voting Agreement: This type of agreement particularly focuses on the shareholders' voting rights and how major decisions are made within the corporation. It may outline provisions for super majority voting requirements, cumulative voting rights, and procedures for proxy voting. 2. Transfer Agreement: A Transfer Agreement governs the transfer or sale of shares among the shareholders. It may include provisions related to preemptive rights, right of first refusal, restrictions on share transfers, and procedures for selling or transferring shares. 3. Buy-Sell Agreement: This agreement outlines the process for the sale and purchase of shares in specific situations, such as when a shareholder wants to sell their shares or in the event of a shareholder's death or disability. It establishes a mechanism to value the shares and provides a framework for the remaining shareholders to acquire the shares. 4. Rights and Obligations Agreement: This type of agreement focuses on defining the rights and obligations of each shareholder. It may cover topics such as the obligation to contribute capital, restrictions on competition, confidentiality obligations, and non-compete agreements. In summary, the Oklahoma Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp is an essential document that ensures a smooth functioning of the corporation while safeguarding the shareholders' interests. Different types of Stockholders Agreements exist to cater to specific needs, such as Voting Agreements, Transfer Agreements, Buy-Sell Agreements, and Rights and Obligations Agreements.

A Stockholders Agreement is a legally binding contract between shareholders of a corporation that outlines their rights, obligations, and commitments. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, an Oklahoma Stockholders Agreement is established to regulate their relationship and protect their individual interests. This agreement ensures that all parties involved have a clear understanding of their roles and responsibilities within the corporation. It covers various aspects such as share ownership, voting rights, dividend distribution, dispute resolution, and management of the corporation. By having a comprehensive agreement in place, potential conflicts and misunderstandings can be minimized or resolved efficiently. In Oklahoma, there can be different types of Stockholders Agreements depending on the specific needs and preferences of the parties involved. Some common types include: 1. Voting Agreement: This type of agreement particularly focuses on the shareholders' voting rights and how major decisions are made within the corporation. It may outline provisions for super majority voting requirements, cumulative voting rights, and procedures for proxy voting. 2. Transfer Agreement: A Transfer Agreement governs the transfer or sale of shares among the shareholders. It may include provisions related to preemptive rights, right of first refusal, restrictions on share transfers, and procedures for selling or transferring shares. 3. Buy-Sell Agreement: This agreement outlines the process for the sale and purchase of shares in specific situations, such as when a shareholder wants to sell their shares or in the event of a shareholder's death or disability. It establishes a mechanism to value the shares and provides a framework for the remaining shareholders to acquire the shares. 4. Rights and Obligations Agreement: This type of agreement focuses on defining the rights and obligations of each shareholder. It may cover topics such as the obligation to contribute capital, restrictions on competition, confidentiality obligations, and non-compete agreements. In summary, the Oklahoma Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp is an essential document that ensures a smooth functioning of the corporation while safeguarding the shareholders' interests. Different types of Stockholders Agreements exist to cater to specific needs, such as Voting Agreements, Transfer Agreements, Buy-Sell Agreements, and Rights and Obligations Agreements.