Death of Shareholder Sample Clauses

DEATH OF A SHAREHOLDER Sample Clauses - Law Insider

DEATH OF A SHAREHOLDER. The death of a Shareholder during the continuance of PREIT shall not terminate PREIT's existence or entitle the legal representative ...

Death of Shareholder Sample Clauses - Law Insider

Upon the death of a Shareholder, at the option of the Corporation, which option may be exercised at any time up to one (1) year from the date of death.

Death of Shareholder Triggering Event Clause (Stockholders ...

This clause can be included in an agreement between a corporation and its shareholders to mandate that the corporation purchase, and the estate or ...

Examples of death of a member clauses in contracts - Afterpattern

Death of a member clause samples. Our Manager may choose to terminate or suspend our Unit redemption program if it determines, in its sole discretion, that ...

Examples of death clauses in contracts - Afterpattern

Death clause samples. You give us the name of the beneficiary (“Beneficiary”) who is to receive any death benefit (“Death Benefit”) payable because of your ...

Clause in case of death of a Shareholder - e2.law

This clause allows that in the event of the death of a shareholder, the company continues, at the choice of the remaining shareholders, ...

What Should You Do Upon the Death of a Shareholder? - AFG Law

One example is a 'cross option agreement'. This is an agreement that, if a shareholder dies, the existing shareholders can require the deceased's shares to ...

Death of a Member: Essential Contract Clauses Explained - fynk

The "Death of a Member" clause stipulates the procedures and consequences if a member of the contract passes away, including how shares, responsibilities, or ...

Why death provisions in Shareholders' agreements are important

Here, the remaining Shareholders are the beneficiaries in the policy, so if a shareholder does die the remaining Shareholders can buy out the ...

Shareholders Agreement – Death of a ... - GAD Legal Solicitors

A cross option agreement also serves to ensure that the surviving shareholders do not simply retain the proceeds of the life policy and not buy the shares, or ...

THE SHAREHOLDERS AGREEMENT - SAMPLE

The Company will, if requested by the estate of the deceased, buy all vested shares from the estate of the deceased at a price equal to the last agreed upon ...

How the Death of a Shareholder Affects Business Succession ...

This involves an agreement entered into by all the shareholders in the company, under which each shareholder grants to the other shareholders ...

Shareholder Agreement Death Clause - Blackstone Solicitors

If specific provisions have not been included in the articles of association of a company or in a shareholder or partnership agreement, the shares of a deceased ...

Planning for the Death of a Shareholder - Clausehound Blog

For example, if Fred holds 5% of the shares of company X and passes away. George, the designated buyer of company X, will buy Fred's 5%. It ...

Death of a Shareholder - Somerville Legal

If a shareholder dies and their shares are transferred to the surviving shareholders, this triggers capital gains tax (CGT). The law requires that, if you enter ...

Shareholders' Agreements

Death of a Shareholder. Another instance where you may want to be able to ... For example, a shareholder may become physically incapacitated through se ...

By Death contract clause examples - AllDrafts

Upon a Director's death, any balance in the deferral account (including amounts credited to such account as specified in Section 3(b) and Section 4(b)) will be ...

ACTEC® SHAREHOLDERS AGREEMENTS FOR CLOSELY-HELD ...

Closely-held corporations may want to customize these provisions of corporate law. One example is allowing the directors to issue stock without pre-emptive ...

Death of a shareholder: how to transfer shares owned by someone ...

An example of such an agreement is a 'cross option agreement'. This ... agreement provides that, if a shareholder dies, the existing shareholders ...

Shareholders Agreement: Summary of Popular Provisions - eMinutes

In purchases arising following the death of a shareholder, the Agreement can provide for the use of life insurance obtained by the company or other shareholders ...