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 ?
During the merger of ALSO and Actebis in January 2011, Droege Group and Schindler Group signed a shareholders agreement to manage their holdings, which at that time comprised more than 81% in the new company, ALSO-Actebis Holding AG (now ALSO Holding AG).
It noted that, the period to file a response to allegations made by the Ongpin Group over the validity of the Shareholders Agreement has not yet expired and thus, "as a result of the court's actions Ashmore's right to due process has been removed.
We find it improper and irregular that the court ruled that the shareholders agreement is invalid when at this point the only issue before it is whether it will grant the Ongpin group's application for temporary restraining order or Ashmore's request for assistance to enforce the interim measure of protection issued by the arbitral tribunal in Singapore," Ashmore said in a statement issued in Manila on Monday.
Door manufacturer Masonite International Corporation (OTCBB:MASWF) announced on Tuesday proposed amendments to its Shareholders Agreement and Articles.
V-CBI), a company that owns four claim packages in the Mexican state of Sonora, has signed an Earn-In and Shareholders Agreement with Agnico-Eagle Mines Ltd.
Telenor spokesperson Dag Melgaard said the company was pleased with the outcome of the arbitration, and added: "Our objective in bringing this arbitration has been to force Alfa to comply with the VimpelCom shareholders agreement.
The shareholders agreement is governed by New York law and explicitly states that all disputes between the parties should be settled by arbitration in New York under the UNCITRAL rules (United Nations Commission on International Trade Law).
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:
Area Tensta, included in the administrative Tensta-VEnsterort, tendered by shareholders agreement.