5.3. Periodic distributions of net income. Subject to possible un distributed profits and legal requirements for business distributions, the company`s net income may be distributed to shareholders quarterly in relation to the number of shares of the company owned by them. These distributions are approved by all shareholders. Shareholders may choose not to distribute, but to offer the funds in the form of loans to the group. What is a shareholder contract? A shareholders` pact is a document involving several shareholders of a company, which details the results and concrete measures that are taken in the event of the departure of a shareholder of the company, whether voluntarily, involuntarily or when the company ceases operations. 3.2.1. determine in good faith the Corporation`s « current assets » for business distributions, as required by the California Corporations Code; This agreement defines the entire agreement between the customer and the supplier on its property. None of the terms of this contract are changed, with the exception of the written signature of both parties. For one of the supplier`s commercial products, separate licensing agreements are negotiated when these items are ordered by the customer. In this section, you will find many contracts grouped according to the type of contract.
If, for example, you need standard forms or contracts related to compensation, business processes or even mergers, FindLaw has the information. In this section, you will find many models organized in a user-friendly format. Click on the bottom left to browse our extensive collection and learn more about the right form for you. PandaTip: This is a somewhat simple restriction of the liability clause that relates to indirect and non-direct damages. Many agreements have clauses that also limit direct liability. Talk to your lawyer. PandaTip: This special commercial contract allows the participation of several projects in work declarations negotiated under this agreement. PandaTip: The distribution or resale of shares outside may be accompanied by a large number of legal provisions that this agreement does not seek to address, which is why this clause is important. 6.2. Repayment. The company`s repayment of shareholder loans is made when shareholders agree that there are sufficient corporate funds to pay off the loan.
Shareholder loans are paid in order of priority, with the oldest loan being paid in the first place, unless the shareholder forgoes such a transfer for the initial payment. Try to design a contract and not sure to start with where? Have you got a contract and would you like to compare it to something similar? The Standard Contracts section at FindLaw`s Corporate Counsel Center can help. FindLaw offers free access to a large archive of standard contracts of public enterprises covering a wide range of practice areas. You can search by type. B, for example compensation, finance, business start-up, intellectual property licenses, business planning, business or securities. You can also search for industry, such as consumer goods, drugs and biotechnology, real estate or technology, to name a few. Start below by searching for company names. Let FindLaw`s sampling contracts guide you to help you find the right solution! PandaTip: This model of shareholder agreements defines the conditions for shareholder interaction and what happens when one or more of them want to leave the company or something happens that forces the exit of a shareholder or the closure of the company. .
The continuation of the transaction, as is necessary for the resolution of the group`s affairs; 3.8. Approval of all shareholders. Notwithstanding the contrary provisions of this shareholder agreement, the written agreement of all shareholders is necessary to authorize the following transactions: mergers or consolidations in which the company participates; amending or repealing the company`s by-law; Issuing shares of any class or other rights related to the issuance of shares of the company; The transfer of all or most of the company`s assets; The am