Shareholder Agreement Template South Africa
4. a) As a result of one of the events listed below, the company buys at the purchase value, as defined below, all the shares of the shareholder thus concerned: (i) when a shareholder employed by the company referred to in paragraph 1 point c) will cease employment for some reason, including, but not limited to a loss of 10.3. Dividend payments require that the company`s officers be reasonably satisfied, that the solvency and liquidity requirements required by law have been met, and that shareholders are in good faith satisfied with the requirement of caution with respect to the company`s compliance. 1.1. The titles of the clauses contained in this agreement serve only for convenience and reference and cannot be used in interpretation, amendment, extension of the terms of this Agreement or a clause of this Agreement. immediately after receiving the proceeds of insurance on the life of a deceased shareholder, owned by the company and to be paid to the company, to be paid by the company to the extent of these revenues. This document contains more than twenty commercial paragraphs as well as what might be called technical legislation. You can choose which ones are right for you. Many are based on our practical experience as lawyers in managing shareholder conflicts. We offer a contract area to our customers more than just a shareholder pact model. The shareholders` pact is an important document that must cover all important bases.
The use of a model for shareholder agreements is dangerous. Contractzone`s shareholder pact is developed by a team of experienced lawyers. If you need something in particular included in your shareholder contract, our team is at your disposal. Anything that is not part of the Founding Memorandum (ME) must be covered by the shareholders` pact. Every aspect that is not agreed in this way often has to be settled by litigation that is very expensive and time-time-free – something that could have been avoided. 5. With respect to paragraph 3, the value of the acquisition refers to the price per share and other conditions under which a shareholder is entitled to transfer his shares according to a good faith offer to purchase. 2. a) The Company will not carry out any of the following measures without the unanimous agreement of all shareholders:i) issue additional shares of a class or 8.5 securities. Each shareholder undertakes to jointly guarantee the company`s obligations to third parties that are necessary to enable the company to operate from time to time and to release each other in proportion to its respective holdings in the company. 9. If the company reasonably finds that a proposed acquirer cannot be considered a shareholder in a company in Sub-Chapter S or that such a transfer would cause the Corporation to lose its corporate characterization of Sub-Chapter S, the company may inform the shareholder of that decision and, therefore, prohibit the closing of the assignment.
However, there is nothing in this paragraph to interfere with the rights of the company and shareholders under this agreement.