Los Angeles California Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Greystone Funding Corp

• Category: Corporations - Public - Stockholder
• State: Multi-State
• County: Los Angeles
• 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 Los Angeles California Stockholders Agreement is a legally binding contract that outlines the rights, obligations, and responsibilities of the parties involved in a business venture. In this case, the agreement is between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. The agreement aims to protect the interests of the stockholders and provide guidelines for decision-making, stock ownership, voting rights, and other important aspects of corporate governance. The Stockholders Agreement establishes the terms and conditions for the relationship between the stockholders, ensuring transparency and fairness. It typically covers topics such as share transfer restrictions, preemptive rights, dividend distribution, board representation, and dispute resolution mechanisms. This document helps in minimizing risks, resolving conflicts, and ensuring smooth business operations. Some potential types or clauses that might be included in a Los Angeles California Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp could be: 1. Share Transfer Restrictions: This clause may specify restrictions on the transfer of shares owned by the stockholders. It could address issues such as preemption rights, consent requirements, and restrictions on transfer to competitors or third parties. 2. Voting Rights: This section outlines the rights and procedures related to company voting matters. It may define the voting power of each stockholder based on their ownership percentage and whether certain decisions require a majority or unanimous vote. 3. Board Representation: The agreement may address the allocation of board seats among the stockholders and the process for appointing directors. It may also determine the decision-making power of the stockholders concerning matters like board meetings, annual reports, and financial statements. 4. Dividend Distribution: This clause may establish guidelines on how and when dividends will be distributed among the stockholders, taking into consideration the company's financial performance and liquidity. 5. Dispute Resolution: This section outlines the procedures for resolving disputes among the stockholders. It could include provisions for mediation, arbitration, or litigation, depending on the preferred method of resolution. 6. Termination: This clause defines the conditions and processes for terminating the agreement, including events such as the sale of the company or the death of a stockholder. A Los Angeles California Stockholders Agreement aims to protect the interests of all parties involved and ensure the smooth functioning of the company. It is always advisable to seek legal counsel when drafting or entering into such agreements to ensure compliance with local laws and regulations.

A Los Angeles California Stockholders Agreement is a legally binding contract that outlines the rights, obligations, and responsibilities of the parties involved in a business venture. In this case, the agreement is between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. The agreement aims to protect the interests of the stockholders and provide guidelines for decision-making, stock ownership, voting rights, and other important aspects of corporate governance. The Stockholders Agreement establishes the terms and conditions for the relationship between the stockholders, ensuring transparency and fairness. It typically covers topics such as share transfer restrictions, preemptive rights, dividend distribution, board representation, and dispute resolution mechanisms. This document helps in minimizing risks, resolving conflicts, and ensuring smooth business operations. Some potential types or clauses that might be included in a Los Angeles California Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp could be: 1. Share Transfer Restrictions: This clause may specify restrictions on the transfer of shares owned by the stockholders. It could address issues such as preemption rights, consent requirements, and restrictions on transfer to competitors or third parties. 2. Voting Rights: This section outlines the rights and procedures related to company voting matters. It may define the voting power of each stockholder based on their ownership percentage and whether certain decisions require a majority or unanimous vote. 3. Board Representation: The agreement may address the allocation of board seats among the stockholders and the process for appointing directors. It may also determine the decision-making power of the stockholders concerning matters like board meetings, annual reports, and financial statements. 4. Dividend Distribution: This clause may establish guidelines on how and when dividends will be distributed among the stockholders, taking into consideration the company's financial performance and liquidity. 5. Dispute Resolution: This section outlines the procedures for resolving disputes among the stockholders. It could include provisions for mediation, arbitration, or litigation, depending on the preferred method of resolution. 6. Termination: This clause defines the conditions and processes for terminating the agreement, including events such as the sale of the company or the death of a stockholder. A Los Angeles California Stockholders Agreement aims to protect the interests of all parties involved and ensure the smooth functioning of the company. It is always advisable to seek legal counsel when drafting or entering into such agreements to ensure compliance with local laws and regulations.