Idaho Stockholder Support Agreement between Andrew H. Tompkins and Isle of Capri Casinos, Inc.
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How to fill out Stockholder Support Agreement Between Andrew H. Tompkins And Isle Of Capri Casinos, Inc.?
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FAQ
A support agreement is a document that defines the rights and obligations of one more party offering services or goods to another party. A support agreement can be a technical or software support agreement, but it can also be a stockholder or shareholder support agreement.
A shareholders' agreement is a contract that regulates the relationship between the shareholders and the corporation. The agreement will detail what models or forms which the corporation should run and outline and the basic rights and obligations of the shareholders.
A shareholders' agreement (SHA) is a contract between a company's shareholders and often the company itself. A SHA specifies shareholders' rights and obligations, regulates the management of the company, ownership of shares, privileges, voting and various protective provisions for shareholders.
Shareholders Support Agreement means the agreements in the Agreed Form between the Company and certain of its significant Shareholders pursuant to which the parties thereto agree to support and implement the Restructuring.
Although a SHA is not a legal obligation, its value should not be underestimated. It is often omitted with the view of saving time and money, however the lack of certainty created by not having a shareholders' agreement in place can often lead to disputes amongst the shareholders which can be costly to deal with.