In the shareholders` pact or the by-law, the company may impose on shareholders the obligation to impose the sale of their shares in the event of a particular event. Some of these “triggering events” may be: PandaTip: This is an agreement for the transfer of shares (or shares). This share transfer agreement can be used to transfer shares to private and public companies and can be used instead of a relocation form or in addition to one. This share transfer agreement can also be amended to include all special transfer-related conditions that would not be possible with a re-metization form and that would be suitable for the transfer of shares in more than one company and in several classes of shares. 5.6 The rights, benefits, commitments and responsibilities contained in the terms of this share transfer agreement may be transferred by any contracting party with the prior written agreement of the other party. The assignor is the registered holder of these shares or shares pursuant to Schedule A (the “shares”). There may be provisions of the shareholders` pact or statutes that detail the price of the shares. However, some “trigger events” automatically mean that the shares are sold at market value or at the nominal. These provisions are referred to as “good graduates” and “bad graduates.” 4. RESULTS OF THE FORMALITÉ IT is agreed that if the planned transfer of shares will not be effective due to a lack of formalities (including, but not only the incorrect registration of the transfer in the company`s registers or following a refusal by the directors of the company whose shares are transferred), the transfer of all economic shares of the shares by the creation of a trust in favour of the beneficiary in which the shares form the subject, and the assignor is the agent. The value of the shares for a “bad start” is usually the face value.
This could be the highest face value for the shares (i.e. the face value of the stock) or the price originally paid for the shares. 5.3 The assignor guarantees that there are no fees or other obligations on shares in shares or unregistered shares and that they are completely free of charges (with the exception of a capital payment obligation in the event of partially paid shares). If an employee or director (who is also a shareholder) leaves the company, it makes sense for the company to force the shareholder to sell his shares as well. Most employee ownership systems encourage employees with valuable skills to stay in the company for a while. PandaTip: WARNING! Transfer of partially paid shares (less than 100%) an obligation of the purchaser and is the same as the transfer of a debt. In the last example (Acorn Trading), obtaining these shares would create a $9,000 commitment for the new shareholder. 5.12 This share transfer agreement may be carried out in more than one language between the parties and, in the event of a conflict between the various translations of this share transfer agreement, the English version prevails.