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It determines the shareholders' rights and responsibilities, along with the specific outcomes and actions that will be taken in case a shareholder leaves the company.
Often referred to as "buy-sell" agreements, shareholders agreements contain contractual rights and obligations between shareholders and the corporation to buy and sell stock, as well as other provisions dealing with matters like governance and tax issues. THIS AGREEMENT is made and entered into this _____ day of _____, by and between [Name of Corporation], a [State] Corporation, whose principal offices are located at [Address], and the individuals and entities whose names and addresses are listed on Exhibit A attached hereto and made a part hereof, all of whom are shareholders of the Corporation. A nominee agreement, where one person consents to acting as a director, secretary or shareholder, generally consists of terms which accomplish the following: The Nominee Service is a convenient way to hold shares in a company without needing share certificates.. be able to benefit from shareholder rights, as described in this document.
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