(c) In the event of death or permanent disability (defined as inability to fulfil one`s obligations), 10% of all unassed shares are transferred immediately to the estate of the deceased. The Company, if requested from the estate of the deceased, will purchase all the unshakable shares of the estate of the Deceased at a price corresponding to the last valuation of the Company agreed in accordance with Schedule B, provided that adequate key insurance is available for this purpose. Otherwise, the estate of the deceased may offer the shares under this agreement. List of all parties to this Agreement, including their names, addresses and number of shares held in the company. 2.1 Governance (a) The Company is governed by a Board of Directors (the „Board of Directors“) appointed by the shareholders in accordance with this Agreement. This agreement with the date [date of the contract] is entered into by the following persons, who would merge all current shareholders of [CORPORATION] („Corporation“),: investors have a standard veto over all material matters. The list of affirmative matters is set out in Annex 2. Decisions in this area, whether at a shareholders` meeting or at a meeting of the board of directors, would require the approval of the investor`s director. 3.5 If more than one Bidder has given the Seller a Notice of Purchase in which it declares that it is willing to purchase the Shares offered for purchase of the Offered Shares, the Purchasers acquire all the Shares containing the Offered Shares in the report on which they are able to agree or, in the absence of an agreement, in the common shares of each Buyer. calculated without reference to the seller`s actions. The reason for the limited liability of shareholders is that the company is a separate legal person, that is, separate from the shareholders.
PandaTip: The distribution or resale of shares externally may involve a large number of legal provisions that are not supposed to apply to this agreement, which is why this clause is important. Investors have the right of pre-emption to purchase all securities offered for sale by the founders or other shareholders at the same price and under the same conditions as those offered to a proposed buyer. (This section simply gives a smaller shareholder the right to „participate“ when a group of shareholders holding a majority of shares wishes to sell their shares. While most shareholders receive an offer from a buyer for 100% of the company, some shareholders may be „dragged“ and forced to sell their shares) In the event that a nominee for the board of directors of one of the shareholders does not vote and acts as a director to execute the provisions of this agreement, the shareholders agree: exercise his right, as shareholders of the company and in accordance with the statutes of the company, to remove such nominee from the board of directors and to choose, in his place or in his place, a person who does everything in his power to implement the provisions of this Agreement, but only in the event that the shareholder whose nominee has been removed; no successor within fourteen days from the date on which the nominee was withdrawn. B. Pat, Chris and Jean are the founding shareholders (the „Founders“) of the company and Mikey is an angel investor; As a shareholder, a person is entitled to certain rights relating to the company. Some of them are: – What is a shareholders` agreement? A shareholders` agreement is a document in which several shareholders of a company participate and describes the results and specific measures taken in the event of the departure of a shareholder from the company, whether voluntarily, involuntarily or if the company terminates trading. The shareholders` agreement was introduced in order to improve the activity related to the functioning of the company and to clarify and structure at some point the relationship between the company and its shareholders. . . .