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 ?
Wynn and Aruze USA is now invalid and unenforceable as a matter of law and that none of the parties to the stockholders agreement shall have any further rights or obligations thereunder.
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.
Following the previously announced equity investment by HNA Group in Hilton, HNA Group will maintain both its stockholders agreement and equity in HGV upon completion of the transaction, which is expected to close in the first quarter of 2017.
Additionally, Nahmad and Michael Steiner and Robert Steiner entered into a stockholders agreement.
Masrani, a designee of The Toronto-Dominion Bank (NYSE: TD), was elected under the terms of TD Ameritrade's stockholders agreement.
TSX: TD) (NYSE: TD) was elected under the terms of TD Ameritrade's stockholders agreement.
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.
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.
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.
The stockholders agreement that was entered into in 1974 between Mitsui and the Amax Group provided that Alumax was to pay dividends on or with respect to its stock at such times as its board of directors determined appropriate in light of its earnings, cash flow, and capital requirements.