Allegheny Pennsylvania Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Greystone Funding Corp

• Category: Corporations - Public - Stockholder
• State: Multi-State
• County: Allegheny
• 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 Allegheny Pennsylvania Stockholders Agreement is a crucial document that outlines the rights, responsibilities, and obligations of the involved parties, namely Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. This legally binding agreement serves to protect the interests of each party and ensures smooth operations within the company. Specifically, the Allegheny Pennsylvania Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp commonly covers the following key elements: 1. Ownership and Voting Rights: The agreement specifies the distribution of shares, the percentage of ownership held by each party, and the corresponding voting rights associated with those shares. 2. Stock Transfer Restrictions: This provision outlines the restrictions and regulations for the transfer of shares between parties involved in the agreement, including preemptive rights, approval processes, and limitations on third-party transfers. 3. Decision-Making and Control: The agreement addresses matters related to corporate governance, including the appointment of board members, board meeting protocols, and decision-making processes for important matters such as mergers, acquisitions, or major company decisions. 4. Dividends and Distributions: This section outlines provisions regarding the distribution of profits, dividends, and other financial considerations amongst the shareholders, ensuring fairness and clarity. 5. Rights and Obligations: It defines the rights and obligations of each party, including information sharing, non-compete clauses, non-solicitation agreements, and confidentiality provisions. 6. Dispute Resolution: The agreement establishes a mechanism for resolving conflicts, such as mediation or arbitration, to ensure a fair resolution process. It is important to note that while the description above broadly covers the typical components of a Stockholders Agreement, the specific terms and conditions can vary based on the needs and preferences of the parties involved. Hence, different types or variations of the Allegheny Pennsylvania Stockholders Agreement may exist, including tailored clauses or additional provisions specific to the unique circumstances of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp.

Allegheny Pennsylvania Stockholders Agreement is a crucial document that outlines the rights, responsibilities, and obligations of the involved parties, namely Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. This legally binding agreement serves to protect the interests of each party and ensures smooth operations within the company. Specifically, the Allegheny Pennsylvania Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp commonly covers the following key elements: 1. Ownership and Voting Rights: The agreement specifies the distribution of shares, the percentage of ownership held by each party, and the corresponding voting rights associated with those shares. 2. Stock Transfer Restrictions: This provision outlines the restrictions and regulations for the transfer of shares between parties involved in the agreement, including preemptive rights, approval processes, and limitations on third-party transfers. 3. Decision-Making and Control: The agreement addresses matters related to corporate governance, including the appointment of board members, board meeting protocols, and decision-making processes for important matters such as mergers, acquisitions, or major company decisions. 4. Dividends and Distributions: This section outlines provisions regarding the distribution of profits, dividends, and other financial considerations amongst the shareholders, ensuring fairness and clarity. 5. Rights and Obligations: It defines the rights and obligations of each party, including information sharing, non-compete clauses, non-solicitation agreements, and confidentiality provisions. 6. Dispute Resolution: The agreement establishes a mechanism for resolving conflicts, such as mediation or arbitration, to ensure a fair resolution process. It is important to note that while the description above broadly covers the typical components of a Stockholders Agreement, the specific terms and conditions can vary based on the needs and preferences of the parties involved. Hence, different types or variations of the Allegheny Pennsylvania Stockholders Agreement may exist, including tailored clauses or additional provisions specific to the unique circumstances of Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp.