Products tagged with 'canada shareholder agreement'

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Checklist for Shareholder Buy-Sell Agreement | Canada

What would happen to your business if one of the owners dies or is no longer able to work? A Shareholder Buy-Sell Agreement provides for continuity of the business in those events.
Topics included in the Checklist are:
- qualification of shares for capital gains exemption;
- provisions of any existing formal shareholder agreement;
- terms of purchase or redemption (or both) of a deceased shareholder's shares using proceeds of life insurance policies on the life of the deceased;
- whether life insurance policies will be held by the corporation, by the other shareholders or by a trustee.
This is a fully editable legal form in MS Word format which can be customized to fit your circumstances.
Governed by Canadian tax laws and ntended to be used only in Canada.

$12.49

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.
Available in MS Word format, fully editable to fit your specific circumstances.
Intended to be used only in the Province of Nova Scotia, Canada.

$12.49

Shareholder loans must be secured by a security agreement over the corporation's assets, are non-interest-bearing and become immediately due and payable upon the bankruptcy or receivership of the corporation.
Clauses providing for employment and termination of shareholders as employees.
Non-competition and non-solicitation provisions.
Each shareholder indemnifies the other shareholders and the directors of the corporation against liability.
All share certificates will be held in escrow by the corporation's lawyers.
The remaining shareholders have a right of first refusal to purchase the shares of a departing shareholder.
In the event of a take-over offer, the minority shareholders have the option to buy out a majority shareholder or, alternatively, to consent to the take-over.
If a shareholder wishes to withdraw, the remaining shareholders must agree on a buy-out procedure, failing which they may vote to wind up the company, sell the shares to a third party, or offer all shares of the company for sale.
AVailable in MS Word format.
Intended to be used only in the Province of Ontario, Canada.

$46.99

$29.99

Under this Agreement, one of the shareholders gives the corporation the right to operate a business as a distributor of certain licensed products, and grants the corporation a license to use its trade marks and other proprietary marks in connection with those products.
Other provisions of the Agreement include:
- restrictions on the sale and transfer of shares,
- business of the corporation to be conducted by the directors,
- shareholder loans to be repaid on a proportional basis,
- annual valuation of shares, based on the net book value of the company's tangible assets,
- shares of a deceased shareholder to be repurchased for cancellation by the company,
- departing shareholders have a put option,
- non-competition provisions,
- buy-sell provisions for selling the interest of a departing shareholder.
Available in MS Word format.
Governed by Canadian laws and intended to be used only in Canada.

$39.99