Oklahoma Shareholders Agreement

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9267
• Format: Word; Rich Text

Description

Shareholders Agreement between Carlyle entities, Iaxis BV, Carrier1 International S.A., Providence Equity Partners, III, LP and Hubco SA regarding the desire to develop, own and operate the company business dated November 23, 1999. 56 pages. A Shareholders Agreement is a legal document that outlines the rights, responsibilities, and obligations of the shareholders of a company. In the context of Oklahoma law, the Oklahoma Shareholders Agreement serves as a crucial tool for establishing and regulating the relationships between shareholders. The Oklahoma Shareholders Agreement typically covers various key aspects, including but not limited to voting rights, management authority, ownership percentages, decision-making processes, profit and loss allocations, dividend policies, transfer restrictions, dispute resolution mechanisms, and exit strategies. By delineating these terms, the agreement aims to provide clarity, prevent conflicts, and protect the interests and investments of all parties involved. In Oklahoma, there may be different types of Shareholders Agreements that can be tailored to meet specific needs and circumstances. Some noteworthy variations include: 1. Standard Shareholders Agreement: This is a comprehensive agreement suitable for most companies. It covers the fundamental provisions necessary for the smooth operation of the business, including issues related to governance, decision-making, and protection of shareholder rights. 2. Voting Agreement: This type of Shareholders Agreement focuses primarily on the voting rights and procedures. It outlines how voting on key matters should occur, including the threshold required for the approval of important decisions. 3. Buy-Sell Agreement: This specific agreement governs how shares can be bought or sold among shareholders. It establishes rules related to share transfers, preemptive rights, valuation methods, and the triggering events that may initiate a buy-sell process (such as death, disability, retirement, or voluntary exit). 4. Drag-Along Agreement: It provides a mechanism for compelling minority shareholders to sell their shares if a majority shareholder wishes to sell the entire company. The majority shareholder "drags" the minority shareholders along to ensure a complete sale, subject to certain conditions and fairness protections. 5. Tag-Along Agreement: This type of Shareholders Agreement is designed to protect minority shareholders in case the majority shareholder(s) wish to sell their shares. It gives minority shareholders the right to "tag along" and sell their shares alongside the majority shareholders, on the same terms and conditions. 6. Shotgun Agreement: This unique agreement provides a mechanism to resolve deadlocks between shareholders. It allows one party to trigger an offer to either buy the other party's shares at a specified price or sell their own shares to the other party at the same price. The other party then has to choose to buy or sell, effectively breaking the deadlock. It is essential to consult with legal professionals experienced in Oklahoma corporate law to draft and customize a Shareholders Agreement that aligns with the specific needs and goals of the company and its shareholders.

A Shareholders Agreement is a legal document that outlines the rights, responsibilities, and obligations of the shareholders of a company. In the context of Oklahoma law, the Oklahoma Shareholders Agreement serves as a crucial tool for establishing and regulating the relationships between shareholders. The Oklahoma Shareholders Agreement typically covers various key aspects, including but not limited to voting rights, management authority, ownership percentages, decision-making processes, profit and loss allocations, dividend policies, transfer restrictions, dispute resolution mechanisms, and exit strategies. By delineating these terms, the agreement aims to provide clarity, prevent conflicts, and protect the interests and investments of all parties involved. In Oklahoma, there may be different types of Shareholders Agreements that can be tailored to meet specific needs and circumstances. Some noteworthy variations include: 1. Standard Shareholders Agreement: This is a comprehensive agreement suitable for most companies. It covers the fundamental provisions necessary for the smooth operation of the business, including issues related to governance, decision-making, and protection of shareholder rights. 2. Voting Agreement: This type of Shareholders Agreement focuses primarily on the voting rights and procedures. It outlines how voting on key matters should occur, including the threshold required for the approval of important decisions. 3. Buy-Sell Agreement: This specific agreement governs how shares can be bought or sold among shareholders. It establishes rules related to share transfers, preemptive rights, valuation methods, and the triggering events that may initiate a buy-sell process (such as death, disability, retirement, or voluntary exit). 4. Drag-Along Agreement: It provides a mechanism for compelling minority shareholders to sell their shares if a majority shareholder wishes to sell the entire company. The majority shareholder "drags" the minority shareholders along to ensure a complete sale, subject to certain conditions and fairness protections. 5. Tag-Along Agreement: This type of Shareholders Agreement is designed to protect minority shareholders in case the majority shareholder(s) wish to sell their shares. It gives minority shareholders the right to "tag along" and sell their shares alongside the majority shareholders, on the same terms and conditions. 6. Shotgun Agreement: This unique agreement provides a mechanism to resolve deadlocks between shareholders. It allows one party to trigger an offer to either buy the other party's shares at a specified price or sell their own shares to the other party at the same price. The other party then has to choose to buy or sell, effectively breaking the deadlock. It is essential to consult with legal professionals experienced in Oklahoma corporate law to draft and customize a Shareholders Agreement that aligns with the specific needs and goals of the company and its shareholders.