Virginia 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 legal document that outlines the rights and obligations of the shareholders of a company, providing clarity and a structured framework for their relationship. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, a Virginia Stockholders Agreement is created to govern their roles and responsibilities within the company. The Virginia Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp can have different types depending on the specific clauses and provisions included. These variations are often tailored to suit the unique needs and circumstances of the parties involved. Some common types include: 1. Voting Agreement: This type of Stockholders Agreement focuses on the voting rights of each shareholder, clarifying how decisions are made and the power each party holds in influencing company matters. 2. Buy-Sell Agreement: In this type of agreement, the shareholders establish the procedure for buying and selling shares among themselves. It may outline the circumstances under which a shareholder can sell their shares, the price at which they can be sold, and the process for transferring ownership. 3. Non-Compete Agreement: A Non-Compete Agreement restricts shareholders from engaging in activities that compete with the company's business. It aims to protect the company's interests and ensure that shareholders do not become competitors or share sensitive information with potential competitors. 4. Dividend Agreement: This type of agreement determines how dividends or profits are distributed among the shareholders. It states the percentage or amount of dividends each shareholder is entitled to and the frequency of payments. 5. Board Representation Agreement: A Board Representation Agreement specifies the number of board seats allocated to each shareholder or investor. It may outline the procedure for appointing board members, the qualifications required, and the responsibilities associated with board membership. 6. Drag-Along Agreement: A Drag-Along Agreement enables majority shareholders to compel minority shareholders to join in a sale or merger of the company. This agreement ensures a unified approach to a liquidity event and prevents minority shareholders from obstructing potential transactions. The Virginia Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp is a crucial document for defining the relationship and responsibilities of the shareholders involved. Its contents may vary depending on the specific requirements and objectives of the parties, ensuring the smooth functioning of the company and the protection of each shareholder's rights and interests.

A Stockholders Agreement is a legal document that outlines the rights and obligations of the shareholders of a company, providing clarity and a structured framework for their relationship. In the case of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp, a Virginia Stockholders Agreement is created to govern their roles and responsibilities within the company. The Virginia Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp can have different types depending on the specific clauses and provisions included. These variations are often tailored to suit the unique needs and circumstances of the parties involved. Some common types include: 1. Voting Agreement: This type of Stockholders Agreement focuses on the voting rights of each shareholder, clarifying how decisions are made and the power each party holds in influencing company matters. 2. Buy-Sell Agreement: In this type of agreement, the shareholders establish the procedure for buying and selling shares among themselves. It may outline the circumstances under which a shareholder can sell their shares, the price at which they can be sold, and the process for transferring ownership. 3. Non-Compete Agreement: A Non-Compete Agreement restricts shareholders from engaging in activities that compete with the company's business. It aims to protect the company's interests and ensure that shareholders do not become competitors or share sensitive information with potential competitors. 4. Dividend Agreement: This type of agreement determines how dividends or profits are distributed among the shareholders. It states the percentage or amount of dividends each shareholder is entitled to and the frequency of payments. 5. Board Representation Agreement: A Board Representation Agreement specifies the number of board seats allocated to each shareholder or investor. It may outline the procedure for appointing board members, the qualifications required, and the responsibilities associated with board membership. 6. Drag-Along Agreement: A Drag-Along Agreement enables majority shareholders to compel minority shareholders to join in a sale or merger of the company. This agreement ensures a unified approach to a liquidity event and prevents minority shareholders from obstructing potential transactions. The Virginia Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp is a crucial document for defining the relationship and responsibilities of the shareholders involved. Its contents may vary depending on the specific requirements and objectives of the parties, ensuring the smooth functioning of the company and the protection of each shareholder's rights and interests.