Download these customizable shareholder agreements, share purchase and sale documents, and shareholder resolutions for your company.
As owners and stakeholders in a company, the shareholders have a responsibility to ensure that the board of directors is acting in the best interests of the business, and to attend (in person or by proxy) and vote their shares at every general and special meeting of the company.
Every corporation with more than 1 shareholder should consider putting a written Shareholder Agreement in place to clarify such things as the make-up of the board of directors, the procedure for a cash call, what happens if a shareholder cannot meet the cash call, rights of first refusal for the shares of an exiting shareholder, and other matters which would materially impact the structure, organization and management of the corporation.
Equalize the capital contributions of each of the shareholders of an Alberta corporation with this Share Capital Equalization Agreement.
The intent of the Agreement is that both of the shareholders will end up with half of the issued shares.
The contributing shareholder will make equal yearly instalment payments to the other shareholder for a proportionate number of shares, to bring his/her shareholdings up to 50% of the corporation's issued shares.
The shares will be held in trust until all payments are made, at which time the additional shares will be released to the contributing shareholder.
This Alberta Share Capital Equalization Agreement is provided in MS Word format, and is fully editable to fit your specific circumstances.
Every corporation with more than 1 shareholder should have a shareholder agreement in place, like this Unanimous Shareholder Agreement for Alberta corporations.
A shareholder may transfer its shares to an affiliate provided that the affiliate agrees to be bound by the terms of the Agreement. If the affiliate ceases to be an affiliate, the shares will be transferred back to the original shareholder.
If shareholder guarantees are required to secure the corporation's debt, each shareholder will provide its guarantee for a proportionate share in relation to his/her shareholdings. If a shareholder disposes of his interest in the corporation, the corporation will use best efforts to release and discharge his guarantee.
The corporation has a right of first refusal to purchase the shares of any shareholder wishing to dispose of his shareholdings. The founding shareholders have a right of second refusal, and the other shareholders have a right of third refusal.
Provisions for shot-gun buy-sell offers.
Provisions for a call by the other shareholders if a shareholder becomes involved in a divorce or matrimonial property settlement.
Provisions for a buy-sell upon the death or disability of a shareholder.
Provisions for a call by the corporation if a shareholder ceases to be employed or contracted by the corporation.
The Alberta Unanimous Shareholder Agreement template can be easily customized for your exact needs. Download yours today.