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.

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References in periodicals archive ?
MAN offered in January 2010 to sell its remaining stake to IPIC, controlling the other 70% in Ferrostaal, via a put option stipulated in their shareholders contract. The wealth fund, has refused, however, to go through with the deal, as Ferrostaal is under investigation on bribery allegations, MAN said.
Would Shareholders Contract for Undistorted Shareholder Choice?
And, in another, shareholders contracted huge amount of loans, but paid no interest.
Net loss available to common shareholders contracted to USD69,000 in the three months ended 30 June 2012 from USD2.8m in the same period of 2011.
The net earnings available to the company's common shareholders contracted to USD281,000 in the second quarter of 2011 from USD515,000 a year earlier.