Shareholder Agreement Template Canada

PandaTip: When developing this section, think about anything that would embarrass a shareholder if the action were taken without them speaking, perhaps in certain types of business transactions, attitudes or other important measures. (This section simply gives a smaller shareholder the right to “participate” if a group of shareholders holding the majority of the shares wishes to sell its shares. If most shareholders receive an offer from an acquirer for 100% of the company, some shareholders may be “coached” and forced to sell their shares) (this whole section simply allows a shareholder to sell his shares to other shareholders, otherwise he can sell them to other parties – with conditions!) and if the material dispute cannot be resolved within a reasonable time or by the provisions relating to mediation and arbitration in the context of mediation and arbitration in the context of the this agreement. , any shareholder (the “initiating shareholder”) may initiate a forced purchase or sale agreement. (a) The founders agree, as long as they are employed by the company, they will devote all their time and attention to the company and enter into a management agreement with the company. While they are employed and will not engage in directly competing activities for a period of two years after they have ceased to be employees of the company. 6.3 In the event that, under the terms of this agreement, one or more of the shareholders may sell, sell, transfer, transfer, transfer or transfer one of its shares to a person, company or company other than any of the parties involved, the transfer is not made or effective and no application to register such a transfer to the company is made until the purchaser has entered into an agreement with the other parties agreement and any other agreement. with the company in which the ceding company is involved. PandaTip: Change based on the number of shareholders; Sometimes there are only two. It also describes the fundamental responsibilities of shareholders to the group: things like how shareholders deal with business opportunities, restrictions on the sale of shares and what will happen if the group needs more money.