Texas 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 Texas Stockholders Agreement is a legally binding document that outlines the rights and obligations of the shareholders in a company. It is designed to protect the interests of both the company and its shareholders by establishing clear guidelines for ownership, voting rights, management, and financial matters. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, a Texas Stockholders Agreement would serve as a vital agreement between these parties. The Texas Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp outlines the specific roles and responsibilities of each party in the company. It details the ownership percentages held by each shareholder, the voting rights associated with their respective shares, and the procedures for making key decisions regarding the company's future. Additionally, the agreement may address matters such as the appointment of board members and officers, dividend distribution, transfer of shares, and dispute resolution mechanisms. It also covers how the company's capital will be raised, managed, and allocated, including any contributions or loans from Grey stone Funding Corp and its impact on the equity structure of the company. It is important to note that specific provisions within a Texas Stockholders Agreement can vary depending on the objectives and requirements of the shareholders involved. For instance, there could be multiple types of agreements based on the nature of the business or the differing interests of the parties involved. Potential Texas Stockholders Agreement types involving Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp might include: 1. Majority Shareholder Agreement: This type of agreement could outline specific powers, rights, and privileges accorded to the majority shareholder(s) such as David Schick or Allen Schick. It may grant them additional decision-making authority or veto rights on major company matters. 2. Minority Shareholder Protection Agreement: If Grey stone Funding Corp holds a minority stake in Schick Technologies, Inc., this type of agreement may establish safeguards and protections for their investment, ensuring that their rights are not marginalized even with less control over the decision-making process. 3. Voting Agreement: This agreement could focus primarily on the voting rights and procedures for shareholders, explicitly defining how votes are conducted, when special resolutions are required, and the consequences of any breach of voting commitments. 4. Buy-Sell Agreement: If the shareholders have agreed to certain exit provisions or wish to secure their investment in the event of a disagreement or change in circumstances, a buy-sell or buyout agreement could be in place. This agreement may ensure a smooth transition and outline guidelines for the sale or purchase of shares between the parties. These are just a few potential variations of a Texas Stockholders Agreement that may apply to Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. The precise terms, provisions, and titles of the agreements would be tailored to meet the specific needs and interests of these parties involved.

A Texas Stockholders Agreement is a legally binding document that outlines the rights and obligations of the shareholders in a company. It is designed to protect the interests of both the company and its shareholders by establishing clear guidelines for ownership, voting rights, management, and financial matters. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, a Texas Stockholders Agreement would serve as a vital agreement between these parties. The Texas Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp outlines the specific roles and responsibilities of each party in the company. It details the ownership percentages held by each shareholder, the voting rights associated with their respective shares, and the procedures for making key decisions regarding the company's future. Additionally, the agreement may address matters such as the appointment of board members and officers, dividend distribution, transfer of shares, and dispute resolution mechanisms. It also covers how the company's capital will be raised, managed, and allocated, including any contributions or loans from Grey stone Funding Corp and its impact on the equity structure of the company. It is important to note that specific provisions within a Texas Stockholders Agreement can vary depending on the objectives and requirements of the shareholders involved. For instance, there could be multiple types of agreements based on the nature of the business or the differing interests of the parties involved. Potential Texas Stockholders Agreement types involving Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp might include: 1. Majority Shareholder Agreement: This type of agreement could outline specific powers, rights, and privileges accorded to the majority shareholder(s) such as David Schick or Allen Schick. It may grant them additional decision-making authority or veto rights on major company matters. 2. Minority Shareholder Protection Agreement: If Grey stone Funding Corp holds a minority stake in Schick Technologies, Inc., this type of agreement may establish safeguards and protections for their investment, ensuring that their rights are not marginalized even with less control over the decision-making process. 3. Voting Agreement: This agreement could focus primarily on the voting rights and procedures for shareholders, explicitly defining how votes are conducted, when special resolutions are required, and the consequences of any breach of voting commitments. 4. Buy-Sell Agreement: If the shareholders have agreed to certain exit provisions or wish to secure their investment in the event of a disagreement or change in circumstances, a buy-sell or buyout agreement could be in place. This agreement may ensure a smooth transition and outline guidelines for the sale or purchase of shares between the parties. These are just a few potential variations of a Texas Stockholders Agreement that may apply to Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. The precise terms, provisions, and titles of the agreements would be tailored to meet the specific needs and interests of these parties involved.