Wisconsin Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock

• Category: Corporations - Public - Voting Agreements
• State: Multi-State
• Control #: US-EG-9335
• Format: Word; Rich Text

Description

Voting Agreement between ID Recap, Inc. and Steven R. Matzkin regarding exchange of shares of capital stock dated October 22, 1999. 6 pages. Title: Understanding the Wisconsin Voting Agreement between ID Recap, Inc. and Steven R. Catkin for Share Exchange Introduction: The Wisconsin Voting Agreement between ID Recap, Inc. and Steven R. Catkin serves as a legally binding contract that outlines the terms and conditions involved in the exchange of shares of capital stock. This agreement solidifies the understanding and commitments between the two parties involved. In particular, it clarifies the voting rights, restrictions, and responsibilities associated with the stock transaction. Here, we will delve into the key aspects of the agreement, providing comprehensive information related to its purpose, types, and significance. Keywords: Wisconsin Voting Agreement, ID Recap, Inc., Steven R. Catkin, exchange of shares, capital stock, voting rights, restrictions, responsibilities, stock transaction 1. General Overview: The Wisconsin Voting Agreement between ID Recap, Inc. and Steven R. Catkin establishes a legal framework defining the terms and conditions under which shares of capital stock are exchanged. It provides guidelines and regulations to ensure a fair and transparent process. 2. Key Components of the Agreement: a. Voting Rights: The agreement specifies the distribution and allocation of voting rights between the parties involved. It outlines the exact number of shares and corresponding votes each party possesses during corporate decision-making processes. b. Stock Exchange Process: The agreement outlines the procedures involved in exchanging shares of capital stock between ID Recap, Inc. and Steven R. Catkin. It includes relevant details like the transfer of stock certificates and any necessary paperwork required for a smooth transition. c. Representation and Duties: This section of the agreement defines the responsibilities of both parties, ensuring that they act in the best interest of the company and its shareholders. It may include board representation rights and obligations, as well as voting on specific matters. 3. Types of Wisconsin Voting Agreements: a. Standard Wisconsin Voting Agreement: This is the primary agreement that encompasses the basic terms regarding the exchange of shares of capital stock between ID Recap, Inc. and Steven R. Catkin. It covers the aforementioned key components. b. Specific Restriction Agreement: In some cases, parties may opt for additional commitments or restrictions to regulate voting rights or enable closer cooperation between the parties post-transaction. These specific restriction agreements may contain additional terms tailored to the particular needs of ID Recap, Inc. and Steven R. Catkin. 4. Significance of the Wisconsin Voting Agreement: a. Ensures Stability: By clearly outlining the voting rights and responsibilities of ID Recap, Inc. and Steven R. Catkin, this agreement promotes stability and consistency within the organization. It helps avoid potential conflicts and ensures a harmonious decision-making process. b. Protects Shareholders' Interests: The agreement safeguards the interests of both parties involved in the share exchange. It establishes clear guidelines for decision-making to prevent any abuses of power or neglect of shareholders' rights. c. Legal and Binding: The Wisconsin Voting Agreement holds legal weight and can be enforced in court if any party fails to fulfill their obligations outlined within it. It provides a secure foundation for the share exchange process. Conclusion: The Wisconsin Voting Agreement between ID Recap, Inc. and Steven R. Catkin plays a critical role in regulating the exchange of shares of capital stock. By facilitating transparent decision-making, outlining voting rights, and establishing commitments, this agreement ensures a fair and organized stock transaction process.

Title: Understanding the Wisconsin Voting Agreement between ID Recap, Inc. and Steven R. Catkin for Share Exchange Introduction: The Wisconsin Voting Agreement between ID Recap, Inc. and Steven R. Catkin serves as a legally binding contract that outlines the terms and conditions involved in the exchange of shares of capital stock. This agreement solidifies the understanding and commitments between the two parties involved. In particular, it clarifies the voting rights, restrictions, and responsibilities associated with the stock transaction. Here, we will delve into the key aspects of the agreement, providing comprehensive information related to its purpose, types, and significance. Keywords: Wisconsin Voting Agreement, ID Recap, Inc., Steven R. Catkin, exchange of shares, capital stock, voting rights, restrictions, responsibilities, stock transaction 1. General Overview: The Wisconsin Voting Agreement between ID Recap, Inc. and Steven R. Catkin establishes a legal framework defining the terms and conditions under which shares of capital stock are exchanged. It provides guidelines and regulations to ensure a fair and transparent process. 2. Key Components of the Agreement: a. Voting Rights: The agreement specifies the distribution and allocation of voting rights between the parties involved. It outlines the exact number of shares and corresponding votes each party possesses during corporate decision-making processes. b. Stock Exchange Process: The agreement outlines the procedures involved in exchanging shares of capital stock between ID Recap, Inc. and Steven R. Catkin. It includes relevant details like the transfer of stock certificates and any necessary paperwork required for a smooth transition. c. Representation and Duties: This section of the agreement defines the responsibilities of both parties, ensuring that they act in the best interest of the company and its shareholders. It may include board representation rights and obligations, as well as voting on specific matters. 3. Types of Wisconsin Voting Agreements: a. Standard Wisconsin Voting Agreement: This is the primary agreement that encompasses the basic terms regarding the exchange of shares of capital stock between ID Recap, Inc. and Steven R. Catkin. It covers the aforementioned key components. b. Specific Restriction Agreement: In some cases, parties may opt for additional commitments or restrictions to regulate voting rights or enable closer cooperation between the parties post-transaction. These specific restriction agreements may contain additional terms tailored to the particular needs of ID Recap, Inc. and Steven R. Catkin. 4. Significance of the Wisconsin Voting Agreement: a. Ensures Stability: By clearly outlining the voting rights and responsibilities of ID Recap, Inc. and Steven R. Catkin, this agreement promotes stability and consistency within the organization. It helps avoid potential conflicts and ensures a harmonious decision-making process. b. Protects Shareholders' Interests: The agreement safeguards the interests of both parties involved in the share exchange. It establishes clear guidelines for decision-making to prevent any abuses of power or neglect of shareholders' rights. c. Legal and Binding: The Wisconsin Voting Agreement holds legal weight and can be enforced in court if any party fails to fulfill their obligations outlined within it. It provides a secure foundation for the share exchange process. Conclusion: The Wisconsin Voting Agreement between ID Recap, Inc. and Steven R. Catkin plays a critical role in regulating the exchange of shares of capital stock. By facilitating transparent decision-making, outlining voting rights, and establishing commitments, this agreement ensures a fair and organized stock transaction process.