Kansas Voting Agreement between Clearworks Integration Services, United Computing Group, United Consulting Group, and Kevan Casey regarding sale of outstanding common stock

• Category: Corporations - Public - Voting Agreements
• State: Multi-State
• Control #: US-EG-9290
• Format: Word; Rich Text

Description

Voting Agreement between Clearworks Integration Services, Inc., United Computing Group, Inc., United Consulting Group, Inc. and Kevan Casey regarding sale of outstanding common stock dated December 30, 1999. 5 pages.

Kansas Voting Agreement: Clear works Integration Services, United Computing Group, United Consulting Group, and Kevin Casey The Kansas Voting Agreement is a legally binding agreement between Clear works Integration Services, United Computing Group, United Consulting Group, and Kevin Casey. It pertains to the sale of outstanding common stock within the state of Kansas. This agreement outlines the terms and conditions under which the parties involved will cast their votes and exercise their voting rights regarding the sale of the company's common stock. The purpose of the Kansas Voting Agreement is to ensure that all parties involved are aligned and committed to the sale of the outstanding common stock. The agreement aims to facilitate a smooth and coordinated voting process, fostering cooperation and unity among the shareholders. Essential provisions included in the Kansas Voting Agreement may encompass the following: 1. Voting Rights: The agreement specifies the voting rights attributed to each party's respective common stock holdings. It outlines the number of votes each party is entitled to cast during the decision-making process related to the sale of the outstanding common stock. 2. Majority Requirement: The agreement may establish a majority requirement for the approval of the sale. It will detail the percentage of votes needed to pass or reject the decision, ensuring a fair and democratic process. 3. Restrictions on Transfer: The Kansas Voting Agreement may impose restrictions on the transfer of common stock before the sale is finalized. These restrictions aim to maintain stability in the decision-making process and prevent any undue influence from external parties. 4. Confidentiality and Non-Disclosure: Confidentiality provisions may be included to safeguard sensitive information related to the sale. Parties involved may agree not to disclose any confidential information to third parties or use it for purposes other than the sale negotiation. 5. Termination: The agreement might outline the circumstances under which the agreement can be terminated, such as the successful completion of the sale or on the occurrence of specific events. It will detail the process of terminating the agreement and its consequences for the involved parties. Different types of Kansas Voting Agreement between Clear works Integration Services, United Computing Group, United Consulting Group, and Kevin Casey regarding the sale of outstanding common stock could include: 1. Unanimous Voting Agreement: This type of agreement requires all parties involved to agree unanimously on the sale of outstanding common stock. It ensures that each party's voice is equally heard and significantly emphasizes consensus among shareholders. 2. Majority Voting Agreement: This agreement allows the sale to proceed if a predetermined majority of the parties agree on the decision. It provides a streamlined approach for decision-making by requiring a specified percentage of votes instead of unanimous consent. 3. Dual-Class Voting Agreement: In this type of agreement, different classes of common stock may have different voting rights. It allows for multiple classes of shareholders to have distinct input in the sale process based on their respective stock holdings. The specific type of Kansas Voting Agreement chosen by Clear works Integration Services, United Computing Group, United Consulting Group, and Kevin Casey will depend on their individual circumstances, preferences, and strategic considerations. It is essential for all parties to carefully review and negotiate the terms of the agreement to ensure a fair and mutually beneficial outcome.