Products tagged with 'shareholder agreement with put option'

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Shareholder Agreement with Put Option | Canada

This is a Canadian legal form which can be used anywhere in Canada except Quebec.
The Shareholder Agreement establishes the obligations of the shareholders and the corporation to each other, and sets out any restrictions on share transfers or the issue of new shares.
The remaining shareholders have a right of first refusal to acquire the shares of a departing shareholder, before the shares can be offered to a third party.
A departing shareholder also has a buy-sell or 'put' option, which would require the remaining shareholders to purchase his/her shares. The put option is available only after the departing shareholder has been unsuccessful in finding a third party purchaser for a period of 6 months.
The template contains buy-sell options for both an assured buy-out and a mandatory or 'shotgun' buy-sell.
If a shareholder dies, the surviving shareholders have the option to buy the deceased shareholder's shares, failing which they must be purchased by the corporation.
The Shareholder Agreement can serve to avoid unnecessary conflict by having the owners agree on management issues and exit strategies at the outset.

$29.99

Special majority rights include a right of first refusal on minority share transfers (less than 10%), right to carry along minority shareholders on a sale of the company, and a call option to purchase the minority interest on death, disability, termination or change of control of the minority shareholder.
Minority shareholders have piggyback rights for change of control transactions, and a put option to sell their interest on death, disability, termination or change of control of the minority shareholder.
Minority shareholders must waive certain dissenting rights.
Available in MS Word format.
Intended to be used only in the Province of Ontario, Canada.

$39.99