shareholders' agreement

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shareholders' agreement

n. an employment agreement among the shareholders of a small corporation permitting a shareholder to take a management position with the corporation without any claim of conflict of interest or self-dealing against the shareholder/manager. Such agreements are common when there are only three or four shareholders.

References in periodicals archive ?
A shareholders agreement defines the privileges, protections and obligations of the shareholders of a company.
Once again however, through the use of a well drafted unanimous shareholders agreement you can also avoid the problem by requiring your children to vote in the manner you direct.
If the shareholders agreement had provided that the S corporation is required to make a minimum distribution of funds each year so the shareholders will have enough money to pay their income tax, then B would not be in the quandary he is.
The three-member arbitration tribunal today issued an arbitration award which held that Alfa subsidiary Storm has breached and continues to breach the Kyivstar Shareholders Agreement by:
Thereafter, pursuant to the shareholders agreement, DOCOMO submitted its request for arbitration to ensure that its right be exercised after Tata Sons had failed to fulfill its obligation, despite DOCOMO's repeated negotiations with Tata Sons regarding the sale of its entire stake in TTSL.
When Messrs McLean and Sussman cease to be employees of Alliance Atlantis on December 31, 2003, it will result in certain provisions of the unanimous shareholders agreement becoming operative.
The shareholders agreement requires PIMSA's holding company to repurchase KCM's stakes in equal increments in months 24, 36, 48 and 60.
NTT Docomo, Japanese mobile operator, has announced the submission of a request before the London Court of International Arbitration for arbitration with Tata Sons, Tata Group's holding company, pursuant to the shareholders agreement regarding the exercise of Docomo's option to dispose its stake in Indian operator Tata Teleservices (TTSL).
2m in cash, and entered into a Shareholders Agreement with
Such shares are not affected to the CST controlling shareholders agreement.
Pursuant to the SSMC shareholders agreement, TSMC has the right to acquire a pro rata portion of these shares.
The arbitration request is for the shareholders agreement regarding the exercise of DOCOMO's option to sell the company s stake in Tata Teleservices Limited or TTSL, a telecommunication service provider in India.