Sample Agreement Between Directors
PandaTip: The distribution or resale of shares externally may involve a large number of legal provisions that are not supposed to apply to this agreement, which is why this clause is important. 8.4 The Director may not participate in the consideration of matters relating to agreements between the Company and the Director himself, or matters relating to legal proceedings against the Director. The same applies to matters between the company and a third party or proceedings against third parties where the director has an essential interest that could run counter to the interest of the company. In such cases, the Director shall inform the Management Board or the General Assembly. THIS EMPLOYMENT AND BOARD AGREEMENT COMES INTO EFFECT ON DECEMBER 11 Effective December 1, 2018 (the “Effective Date”) of Agritek Holdings Inc., a Delaware Corporation and a publicly traded company (the “Company”) under the symbol “AGTK” and Suneil Singh Mundie (the “Employee” or “Director”). 1.1 The Director shall be employed by the Company and the Director shall accept employment from the date provided for in this Agreement. 5.2 Leave accumulated or not may not be carried over to the following calendar year without further agreement between the company and the BOARD of Directors/GENERAL MEETING. 3.2. Powers of Directors. During the term of this Agreement, the Directors will perform, where applicable, the following actions: PandaTip: This model shareholder rights agreement defines the conditions under which shareholders interact with each other and what happens if one or more of them wish to withdraw from the business or if something happens that requires the withdrawal of a shareholder or the closure of the company. 11.1 In the event of any conflict between the specific terms of this contract and previous employment contracts, this agreement shall be conclusive. 6.1 This Agreement may be terminated by the Company with a period of months NUMBER, at the end of one month and by the Director with a period of MONTH at the end of one month.
What is a partner`s contract? A shareholders` agreement is a document in which several shareholders of a company participate and describes the results and specific measures taken in the event of the departure of a shareholder from the company, whether voluntarily, involuntarily or if the company terminates trading. 8.2 Upon termination of this Agreement, the Director is obliged to return to his employees all equipment that belongs to the Company as well as all services provided. The Director shall not have the right to exercise any right of pledge over such materials or benefits. 9.2 All disputes between the Parties with respect to this Agreement shall be settled initially between the Parties by an amicable solution. If such a solution cannot be found, the dispute is decided by the courts of INSERT COURTS. 7.2 If, due to illness, the Director has not been able to carry out his work over a total period of number months over a period of number months, the company is entitled to terminate the contract with a period of MONTHS at the end of one month. 4.1. Non-competition. Each shareholder agrees that, as long as he or she owns or controls the shares of the enterprise, the shareholder is not directly or indirectly employed, concerned or financially interested in the same or similar activity to that of the enterprise, nor is he or she in competition with the enterprise. 3.2.1. determine in good faith the “current assets” of the enterprise for the purposes of the distribution of the enterprise, in accordance with the Code of california Corporations; 5.1 The Director shall be entitled to a total annual leave of [number] days at full pay during the period of leave. 7.2.
Dissolution procedure. From the beginning of the dissolution procedure (either by choosing all shareholders or by other means), the company will cease its activities, unless this is necessary for the liquidation of its activities and the marketing of its assets. . . .