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 ?
The company also announced that it has entered into a Stockholders Agreement with Cottage, JAB Holdings B.V.
Additionally, Blue Ridge has received requests from holders of the requisite percentage of outstanding Blue Ridge common stock to cause the Transaction to be a "drag transaction" for purposes of the Blue Ridge stockholders agreement.
2011 stockholders agreement codified by Cumulus, the Dickeys and Crestview Radio Investors -- made in connection with the completion of Cumulus' acquisition of Citadel Broadcasting --allowed one member of the Dickey family to hold a seat on the board of directors.
The acquisition is based on certain closing conditions, including the agreement of the holders of 80% of the outstanding capital stock of Pelican, on a completely diluted basis, to participate in the acquisition and sign a stockholders agreement with respect to their remaining Pelican shares.
Masrani, a designee of The Toronto-Dominion Bank (NYSE: TD), was elected under the terms of TD Ameritrade's stockholders agreement. He fills a seat vacated by Kerry Peacock, who stepped down from the board.
Additionally, in accordance with the terms of the company's stockholders agreement, Todd Ricketts will step down from the board effective Feb.
The transaction is expected to close April 13, and "in accordance with the terms of the original Stockholders Agreement entered into between ACE and US Airways, ACE Chairman, President and CEO Robert Milton will resign" from the US Airways board in the near future.
UCB now owns approximately 12.5 percent of the outstanding shares of Cytec, and has entered into a stockholders agreement which provides for UCB to reduce its stake within five years, and contains other customary terms and conditions.
UCB now owns approximately 12% of the outstanding shares of Cytec, and has entered into a stockholders agreement which provides for UCB to reduce its stake within five years, and contains other customary terms and conditions.
NTT DoCoMo said it will examine whether Hutchison's request meets conditions set forth in the stockholders agreement and make a decision by mid-April.
Thayer Capital and Dan Gillis, representing 37.3% of the outstanding shares of SAGA, have entered into a stockholders agreement with Software AG in which Thayer Capital and Dan Gillis agree to vote in favor of the merger.