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Director Shareholder Agreement
"I need a Director Shareholder Agreement for my tech startup with three founding directors who each own 33.3% of shares, including specific provisions for technology IP protection and a detailed exit strategy in case any founder wants to leave after January 2025."
1. Parties: Identification of the company, directors, and shareholders
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Duties: Terms of director appointment and responsibilities
5. Share Ownership: Details of shareholding structure and rights
6. Transfer of Shares: Procedures for share transfers and restrictions
7. Board Meetings: Procedures for conducting board meetings
8. Shareholder Meetings: Procedures for shareholder meetings and voting
9. Termination: Circumstances and procedures for termination
1. Non-Compete Provisions: Restrictions on competitive activities - include when protecting company interests from competition
2. Tag-Along Rights: Minority shareholder protection provisions - include when minority shareholders need additional protection
3. Drag-Along Rights: Majority shareholder exit provisions - include when facilitating potential company sale
4. Dividend Policy: Specific dividend distribution arrangements - include when establishing formal dividend procedures
1. Share Capital Table: Detailed breakdown of shareholding structure
2. Reserved Matters: List of decisions requiring special approval
3. Service Agreement Terms: Executive director employment terms
4. Company Information: Key company details and registration information
5. Deed of Adherence: Template for new shareholders joining the agreement
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