Ontario Unanimous Shareholders Agreement Between Shareholders and Nominees

Prepare a Unanimous Shareholder Agreement between an Ontario corporation, its shareholders and any nominees of those shareholders with this comprehensive template, pursuant to the Ontario Business Corporations Act.

Shareholder loans must be secured by a security agreement over the corporation's assets, are non-interest-bearing and become immediately due and payable upon the bankruptcy or receivership of the corporation.
Clauses providing for employment and termination of shareholders as employees.
Non-competition and non-solicitation provisions.
Each shareholder indemnifies the other shareholders, their nominees and the directors of the corporation against liability.
All share certificates will be held in escrow by the corporation's lawyers.
The remaining shareholders have a right of first refusal to purchase the shares of a departing shareholder.
In the event of receipt of an offer to take over the company, the minority shareholders have the option to buy out a majority shareholder or, alternatively, to consent to the take-over.
If a shareholder wishes to withdraw, the remaining shareholders must agree on a buy-out procedure, failing which they may vote to wind up the company, sell the shares to a third party, or offer all shares of the company for sale.

This Ontario Unanimous Shareholders Agreement between Shareholders and Nominees template is available in MS Word format, and is fully editable.