This shareholder nominee agreement template has 4 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our shareholder nominee agreement template:
SHAREHOLDER NOMINEE AGREEMENT This Shareholder Nominee Agreement (the "Agreement") is effective [DATE], BETWEEN: [SHAREHOLDER NAME] (the "Shareholder"), an individual/company with its principal place of residence/business located at: [YOUR COMPLETE ADDRESS] AND: [NOMINEE NAME] (the "Nominee"), an individual/company with its principal place of residence/business located at: [COMPLETE ADDRESS] WHEREAS, the Shareholder is the legal owner of certain shares in [COMPANY NAME] (the "Company"); and WHEREAS, the Shareholder desires to appoint the Nominee to hold such shares in trust and act on behalf of the Shareholder in accordance with the terms of this Agreement; and WHEREAS, the Nominee agrees to hold and act on behalf of the Shareholder with respect to the shares in the Company under the terms and conditions set forth in this Agreement; NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Parties agree as follows: APPOINTMENT AND DUTIES OF NOMINEE Appointment of Nominee: The Shareholder hereby appoints the Nominee to hold legal title to [NUMBER] shares in the capital of [COMPANY NAME] (the "Shares") in the name of the Nominee, but on behalf of and for the benefit of the Shareholder. Holding of Shares: The Nominee shall hold the Shares as trustee for the Shareholder and shall be listed as the legal owner of the Shares on the books and records of the Company. No Beneficial Ownership: The Nominee acknowledges that they hold the Shares solely for the benefit of the Shareholder and has no beneficial ownership rights over the Shares except as expressly set forth in this Agreement. Voting Rights: The Nominee agrees to exercise all voting rights attached to the Shares in accordance with the written instructions provided by the Shareholder from time to time. The Nominee shall not vote in any shareholders' meeting or on any shareholder resolutions without receiving express instructions from the Shareholder. Dividends and Distributions: The Nominee shall promptly forward to the Shareholder any dividends, distributions, or other benefits received in respect of the Shares, less any applicable taxes, withholding, or other deductions required by law. RIGHTS AND OBLIGATIONS OF THE SHAREHOLDER 2.1 Beneficial Ownership: The Shareholder retains all beneficial ownership rights to the Shares, including but not limited to the right to receive all dividends, distributions, and other benefits related to the Shares. 2.2 Instructions to Nominee: The Shareholder shall provide clear written instructions to the Nominee regarding any corporate matters, including voting, the sale or transfer of Shares, or any other actions to be taken on behalf of the Shareholder. 2.3 Indemnification: The Shareholder agrees to indemnify and hold the Nominee harmless against any and all losses, liabilities, costs, or damages incurred by the Nominee in connection with the holding and administration of the Shares, provided such actions are taken in good faith and in accordance with the Shareholder's instructions. TERMINATION 3.1 Termination by Shareholder: The Shareholder may terminate this Agreement at any time by providing [NUMBER OF DAYS] days' written notice to the Nominee. 3
