Products tagged with 'shareholder agreement template'

Prepare a Shareholder Agreement that describes how community property laws will apply to the spousal interest of a shareholder's spouse with this template form for USA profit corporations.

• The sale of shares by a shareholder will include the spousal interest.
• Provisions for put and call options to deal with disposition of the shares held by a departing shareholder.
• Provisions for Subchapter S election.
• The downloadable template includes a Spousal Consent form by which a shareholder's spouse agrees to bequeath all his/her interest in the shares to the shareholder.
• This form of Shareholder Agreement is ideal for corporations formed in any community property state.
• Available in MS Word format. Download the file and customize it to fit your company's needs.
• Intended to be used only in the United States.

Ensure the continuity of ownership and management of your business with this Shareholder Buy-Sell Agreement for Ontario.

• The Agreement includes:
  • a procedure for soliciting offers from third parties;
  • the remaining shareholders have right of first refusal to purchase shares of a departing shareholder;
  • the remaining shareholders have the right to piggyback the sale of their shares onto a proposed sale of more than 50% of the shares;
  • a mandatory (shotgun) buy-sell;
  • a mandatory buyout on death, to be funded by proceeds of a life insurance policy on the life of the deceased shareholder.
• This template is available in MS word format and is easy to customize to fit your circumstances.
• Intended to be used only in the Province of Ontario, Canada.

Set out how the shares of an Australian corporation are to be transferred or sold under this customizable Australia Shareholder Agreement.

Why does my company need a shareholder agreement?

Every corporation with more than one shareholder should have a shareholder agreement in place. A shareholder agreement sets out the rights, responsibilities and obligations of the shareholders to each other and to the company.

Key Provisions

• Transfers of shares. 
• Procedure for avoiding deadlock in votes.
• Non-competition and confidentiality clauses.
• Matters requiring majority vote.

Right of First Refusal Provisions

• Each shareholder has a right of first refusal to purchase any shares being disposed of by the other shareholder(s) before the shares can be offered to third parties.
• Shareholders not wishing to exercise their right of first refusal can transfer a pro rata share of the offered securities to the other remaining shareholders.
• The shareholders also have a right of first refusal to purchase new securities being issued by the corporation.

Call Option

If a shareholder is in default (as defined in the agreement), the other shareholders have a call option. In other words, they have the option to purchase the defaulting shareholder's shares at fair market value.

Format and Jurisdiction

This Shareholder Agreement template is provided in MS Word format and is fully customizable. It is governed by Australian law and is intended to be used only within Australia.