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 ?
Simultaneously, an investment and shareholders contract was inked by Azimut with the existing management team of MEis Fondos.
The Memorandum of Understanding establishes a framework for the Shareholders Contract to be negotiated by both parties in the upcoming months.
The favorable purchase price was part of the original shareholders contract, and recognized AirTouch's key role in the license application process.
Takaso Resources Bhd (TRB), via its wholly-owned subsidiary Takaso Industries Pte Ltd (Takaso) announced that it has engaged in a partnership venture and shareholders contract to develop a baby products manufacturing company in Jakarta.
Following an international tender declared previously by HRADF, the members finalized a contract on the sale of share package and shareholders contract.