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 ?
Under the stockholders agreement, Vsource must obtain the approval of CDP Asia and a majority in interest of the other parties to the stockholders agreement in order to engage in certain major corporate transactions, such as the incurrence of debt or disposal of assets.
The existing stockholders agreement governing TDBFG's investment in TD AMERITRADE required TDBFG to commence a tender offer to acquire shares of TD AMERITRADE common stock at a price of not less than US$16 per share.
The request was made pursuant to HSA's demand registration rights provided under the Stockholders Agreement between HSA and Maxtor.
Under the Stockholders Agreement entered into in connection with the September 2002 Datek merger, the remaining Datek Director, Glenn Hutchins, who is a managing director of Silver Lake Partners, has the right to designate a director to replace Kevin Landry.
The lawsuit alleges that certain provisions of the March 28, 2000 Master Distribution Agreement Extension Term Sheet ("MDA Extension") constitute an amendment to the Stockholders Agreement to which Cablevision is a party and that Cablevision's consent is required for any such amendment.
The registration statement filed also registers shares of common stock held by certain of Knology's existing stockholders who may be deemed "affiliates" of Knology under the federal securities laws and who have registration rights pursuant to a stockholders agreement with Knology.
Parker as a director on the Quest Diagnostics board, pursuant to the company's Stockholders Agreement with SmithKline Beecham.
We appreciate Andy's dedicated service as a member of our Board of Directors, serving since 2001 as the director designated by Apollo under our stockholders agreement," commented Mr.
Upon completion of the sale, MediaOne Group will relinquish all three of its director seats on the TWTC board pursuant to the founding owners' stockholders agreement.
UCB and Cytec have also agreed to enter into a stockholders agreement which will provide for UCB to reduce its stake within 5 years and contain other customary terms and provisions.
Clement Vaturi, alleging breach of a stockholders agreement in connection with the proposed purchase by Credicom Asia of 51% of the stock of Hellenic Duty Free Shops S.
a global provider of bandwidth infrastructure, today announced that it has entered into an agreement with certain of its stockholders to amend and extend the transfer restrictions under the Stockholders Agreement dated as of October 22, 2014.