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 ?
The decision was followed by the signature of the shareholders' contract in Abidjan between Total, which will operate the project with a 34 percent interest, PetroCI (11 percent), CI Energies (5 percent), SOCAR (26 percent), Shell (13 percent), Golar (6 percent) and Endeavor Energy (5 percent).
As it stems from the shareholders' contract the vEnergetike.
112) In comparison with the contracts of other constituents, the shareholders' contract with the firm is the most incomplete--it is more open-ended.