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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| A well-drafted stockholder agreement can eliminate or at least mitigate the problem that arises when income is allocated to a stockholder and reported on a schedule K-1 without a corresponding distribution of cash or other property. On August 13, 2007, DURA filed an amended backstop rights purchase agreement and related stockholder agreement which reflects a global resolution of issues among the company, Pacificor, LLC and the Creditors' Committee. 6% of the voting stock of Gensym have signed a stockholder agreement agreeing to vote for the approval of the merger agreement and the transactions contemplated therein. |
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