Shareholder Exit Agreement Layout Template
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Shareholder Exit Agreement Layout
This Shareholder Exit Agreement (the "Agreement") is entered into by and between the following parties:
Company: [YOUR COMPANY NAME], a company incorporated under the laws of [Jurisdiction], having its registered office at [YOUR COMPANY ADDRESS].
Exiting Shareholder: Sigmund Corwin, residing at Dallas, TX 85224.
1. Purpose
The purpose of this Agreement is to outline the terms and conditions related to the exit of Sigmund Corwin from [YOUR COMPANY NAME], including the transfer of shares and any related matters.
2. Definitions
2.1 "Shares" means the shares held by the Exiting Shareholder in [YOUR COMPANY NAME].
2.2 "Effective Date" means the date on which this Agreement is executed by both parties.
2.3 "Exit Date" means the date on which the Exiting Shareholder's shares are transferred as per this Agreement.
3. Share Transfer
3.1 Transfer of Shares
The Exiting Shareholder agrees to transfer 15 shares of [YOUR COMPANY NAME] to Lyda Fadel, effective on the Exit Date under the terms and conditions set forth herein.
3.2 Transfer Price
The agreed transfer price for the shares shall be $250,000, payable as per the payment terms defined below.
4. Payment Terms
The payment for the transfer of shares shall be made as follows:
4.1 Payment Method
The payment shall be made via bank transfer to the account designated by the Exiting Shareholder.
4.2 Payment Schedule
The payment shall be executed in accordance with the following schedule: 1st day of each month.
5. Representations and Warranties
5.1 By the Exiting Shareholder
The Exiting Shareholder represents and warrants that they are the legal owner of the shares and have the authority to transfer them.
5.2 By the Company
[YOUR COMPANY NAME] represents and warrants that it is duly authorized to enter into this Agreement and to facilitate the transfer of shares.
6. Confidentiality
Both parties agree to maintain the confidentiality of the terms of this Agreement and any related information, except as required by law.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
8. Signatures
IN WITNESS WHEREOF, the parties have executed this Shareholder Exit Agreement as of the Effective Date.
[YOUR COMPANY NAME]
Sigmund Corwin
Exiting Shareholder
Lyda Fadel
Transferee of Shares
