Title: Oregon Stockholders Agreement: Understanding the Terms between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp Introduction: The Oregon Stockholders Agreement serves as a vital legal contract that outlines the rights, responsibilities, and obligations of the involved parties — Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. Through this agreement, the parties establish guidelines for the management, operation, and decision-making pertaining to the company's stock ownership and overall governance. This detailed description aims to shed light on the terms, clauses, and potential variations of the Oregon Stockholders Agreement. 1. Key Elements of the Oregon Stockholders Agreement: The agreement typically covers important aspects, including: — Stock Ownership: Outlining the shares held by each party and their voting power. — Board Appointments: Specifying the composition and nomination processes for the company's board of directors. — Decision-Making: Defining the rights and procedures related to corporate governance, including voting rights and quorum thresholds. — Transfer of Shares: Establishing conditions and restrictions for transferring or selling stock. — Dividends and Distributions: Determining how profits will be allocated among the stockholders. — Confidentiality: Enforcing confidentiality and non-disclosure of proprietary information. — Termination: Stipulating the conditions under which the agreement may be terminated. 2. Types of Oregon Stockholders Agreement: While the specific terms may vary based on negotiations and individual circumstances, there are a few common variations that may arise: — Voting Trust Agreement: This type of agreement entails the stockholders delegating their voting rights and powers to a trustee for a predetermined period. — Drag-Along Agreement: In certain situations, one stockholder may have the right to compel other stockholders to sell their shares in the event of a significant offer from a third party. — Share Repurchase Agreement: Stockholders may enter into a buy-sell agreement, allowing for the purchase of shares by the company or other stockholders at specified prices or upon predetermined events. Conclusion: The Oregon Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp lays down the foundation for a strategic partnership and defines the rights and obligations of the involved parties. By encompassing aspects such as stock ownership, decision-making, board appointments, and transfers, this agreement helps foster a cohesive and well-governed structure within the company. While there are different variations of stockholders agreements, such as voting trust agreements, drag-along agreements, and share repurchase agreements, these variations can be tailored to suit the specific needs and objectives of the parties involved.
Oregon Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Greystone Funding Corp
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