Oakland Michigan Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Greystone Funding Corp

• Category: Corporations - Public - Stockholder
• State: Multi-State
• County: Oakland
• 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 Oakland Michigan Stockholders Agreement is a crucial legal document that outlines the rights, obligations, and responsibilities of the parties involved in the agreement. In this case, the parties are Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. This agreement serves to protect the interests of the stockholders and establish guidelines for decision-making and corporate governance. The Oakland Michigan Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp can have various types, depending on the specific terms and conditions agreed upon by the parties. Some significant types of agreements include: 1. Voting Agreement: A voting agreement outlines the stockholders' agreement to vote their shares in a particular manner during corporate matters. It ensures unanimity and control in decision-making procedures. 2. Transfer Restrictions: This type of agreement restricts the transfer of shares without the consent of other stockholders or a predetermined process. It aims to maintain the stability of ownership within the company. 3. Buy-Sell Agreement: A buy-sell agreement details the conditions under which a stockholder can sell their shares and ensures that the remaining stockholders have the right to purchase those shares before seeking outside buyers. 4. Rights and Obligations: This agreement outlines the rights and obligations of stockholders, such as the rights to dividends, information, and participation in decision-making. It also includes provisions regarding stockholder meetings and voting procedures. 5. Drag-Along and Tag-Along Rights: These provisions are designed to protect minority shareholders. The drag-along right enables majority stockholders to 'drag' minority stockholders into a sale of the company, whereas the tag-along right allows minority stockholders to 'tag along' and participate in a sale initiated by majority stockholders. 6. Board Representation: Some agreements may stipulate the allocation of board seats to particular stockholders, ensuring their active participation and influence in the company's strategic decisions. 7. Termination and Dispute Resolution: This section describes the circumstances under which the agreement can be terminated and the process for resolving disputes related to the agreement. These are just a few examples of the types of Oakland Michigan Stockholders Agreements that can exist between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. It is important to consult legal professionals to draft a customized agreement that suits the specific needs and goals of the parties involved.

Oakland Michigan Stockholders Agreement is a crucial legal document that outlines the rights, obligations, and responsibilities of the parties involved in the agreement. In this case, the parties are Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. This agreement serves to protect the interests of the stockholders and establish guidelines for decision-making and corporate governance. The Oakland Michigan Stockholders Agreement between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp can have various types, depending on the specific terms and conditions agreed upon by the parties. Some significant types of agreements include: 1. Voting Agreement: A voting agreement outlines the stockholders' agreement to vote their shares in a particular manner during corporate matters. It ensures unanimity and control in decision-making procedures. 2. Transfer Restrictions: This type of agreement restricts the transfer of shares without the consent of other stockholders or a predetermined process. It aims to maintain the stability of ownership within the company. 3. Buy-Sell Agreement: A buy-sell agreement details the conditions under which a stockholder can sell their shares and ensures that the remaining stockholders have the right to purchase those shares before seeking outside buyers. 4. Rights and Obligations: This agreement outlines the rights and obligations of stockholders, such as the rights to dividends, information, and participation in decision-making. It also includes provisions regarding stockholder meetings and voting procedures. 5. Drag-Along and Tag-Along Rights: These provisions are designed to protect minority shareholders. The drag-along right enables majority stockholders to 'drag' minority stockholders into a sale of the company, whereas the tag-along right allows minority stockholders to 'tag along' and participate in a sale initiated by majority stockholders. 6. Board Representation: Some agreements may stipulate the allocation of board seats to particular stockholders, ensuring their active participation and influence in the company's strategic decisions. 7. Termination and Dispute Resolution: This section describes the circumstances under which the agreement can be terminated and the process for resolving disputes related to the agreement. These are just a few examples of the types of Oakland Michigan Stockholders Agreements that can exist between Schick Technologies, Inc., David Schick, Allen Schick, and Grey stone Funding Corp. It is important to consult legal professionals to draft a customized agreement that suits the specific needs and goals of the parties involved.