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 GAAP income available to Newcastle Investment's common stockholders contracted to USD72m, or USD0.68 per diluted share, in the first quarter of 2012 from USD108m, or USD1.73 apiece, in the year-ago period.
The GAAP income available to Newcastle Investment's common stockholders contracted to USD72m (EUR59.3m), or USD0.68 per diluted share, in the first quarter of 2012 from USD108m, or USD1.73 apiece, in the year-ago period.
The GAAP income available to Newcastle Investment's common stockholders contracted to USD72m (EUR56.6m), or USD0.68 per diluted share, in the first quarter of 2012 from USD108m, or USD1.73 apiece, in the year-ago period.
However, net income applicable to common stockholders contracted by 29.4% to USD226,000, with earnings per common share slipping to USD0.06 from USD0.08.
The net income available to First Interstate BancSystem's common stockholders contracted to USD7.9m in the third quarter of 2010 from USD11.5m a year earlier.