A buy-sell agreement should exist in every private company with multiple owners as it establishes the exit rules. When a co-owner chooses to leave the business or is otherwise forced to leave, a buy-sell agreement specifies who is allowed to buy the departing owner’s shares (outsiders or ...
agreementtobuyorsella set number of shares of a specific stock in a designated future month at a price agreed upon by thebuyer andseller. The contracts themselves are often traded on the futures market. A futures contract differs from an option because an option is the right tobuyorsell, wh...
becomes a party to this Agreement as Guarantor to provide theguarantee the scope of which is established in Clause 8 hereinbelow. The Guarantor recognizes the benefit to it of this Agreementand the transaction contemplated hereunder.The Seller has agreed to sell the TargetShares (as defined below...
“cross-purchase buy-sell agreement”指的是互购买卖协议。(1)根据该协议,企业的留存股东同意购买退出股东在企业的股东权益。例如,甲和乙均为丙公司的股东,如果乙决定退出丙公司,则根据互购买卖协议,甲将承购乙在丙公司的股权;(2)在合伙保险方案中,每一个合伙人购买和持有以其他合伙人的生命为保险标的的足额保险...
“The shares represented by this certificate are subject to certain restrictions contained in a Buy-Sell Agreement among the Company and the Shareholders. A copy of the Buy-Sell Agreement is on file at the principal office of the Company.” ...
“cross-purchase buy-sell agreement”指的是互购买卖协议。(1)根据该协议,企业的留存股东同意购买退出股东在企业的股东权益。例如,甲和乙均为丙公司的股东,如果乙决定退出丙公司,则根据互购买卖协议,甲将承购乙在丙公司的股权;(2)在合伙保险方案中,每一个合伙人购买和持有以其他合伙人的生命为保险标的的...
NOW IT IS HEREBY AGREED AS FOLLOWS:- ARTICLE I SALE AND PURCHASE Upon and subject to the terms and conditions of this Agreement, the Seller shall sell and the Purchaser shall purchase 6.03% of the total issued and outstanding stock of the Company (the "Sale Shares") held by the Seller ...
Often, the Minnesota Buy-Sell Agreement will encourage the shareholders to periodically sit down and approve an “agreed upon” value of the corporation which will control the value of the shares in the event of a triggering event such as death, disability, resignation, or termination of employme...
“cross-purchase buy-sell agreement”指的是互购买卖协议。(1)根据该协议,企业的留存股东同意购买退出股东在企业的股东权益。例如,甲和乙均为丙公司的股东,如果乙决定退出丙公司,则根据互购买卖协议,甲将承购乙在丙公司的股权;(2)在合伙保险方案中,每一个合伙人购买和持有以其他合伙人的生命为保险标的的足额保险...
A buy and sell agreement assures a smooth transition of ownership and business continuity in the event of a departure of a partner or large equity owner. The agreement is a legally-binding contract that establishes how the departing owners' shares will be obtained by the remaining partners. With...