Stockholders Corp With No

• Category: Corporations - Public - Stockholder
• State: Multi-State
• Control #: US-EG-9097
• Format: Word; Rich Text

Description

The Stockholders' Agreement outlines the terms under which the stockholders of Schick Technologies, Inc. and Greystone Funding Corporation will collaborate concerning the governance of their corporations. This agreement is primarily designed for ensuring that specific individuals designated by Greystone are elected to the Board of Directors of both Schick and its New York counterpart. Key features of the form include definitions of terms such as 'Affiliate' and 'Beneficially Owned', and provisions regarding the election and removal of directors. The form also emphasizes the stockholders' obligation to vote in favor of Greystone's designees and outlines procedures for filling vacancies on the Board. It provides instructions for modification and termination of the agreement, ensuring binding terms for all parties involved. For the target audience, attorneys can utilize this form for compliance and advisory purposes, while partners and owners may find it essential for structuring their corporate governance. Paralegals and legal assistants can aid in executing the form by preparing and ensuring all parties properly understand their responsibilities under the agreement. Overall, this document serves as a crucial tool for maintaining organizational control and protecting the interests of all stakeholders.