This waiver and consent template has 3 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our waiver and consent template:
WAIVER AND CONSENT AGREEMENT This Waiver and Consent Agreement (the "Agreement") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Company"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the "First Shareholder"), an individual with his main address located at: [COMPLETE ADDRESS] AND: [THIRD PARTY NAME] (the "Second Shareholder"), an individual with his main address located at: [COMPLETE ADDRESS] For good and valuable consideration, the receipt and legal sufficiency of which are hereby expressly acknowledged, the parties hereto agree as follows: This waiver and consent is made and given pursuant to the unanimous agreement of the shareholders of [YOUR COMPANY NAME] (the "Company") dated [SPECIFY DATE] and subsequently amended pursuant to the amendment of the unanimous agreement of the shareholders of the Company dated [SPECIFY DATE] (collectively, the "Shareholders Agreement") among [SECOND PARTY NAME] and [THIRD PARTY NAME] (collectively, the "Shareholders") and the Company. In order to regularize and to respect the terms and conditions of the Shareholders Agreement, the undersigned hereby consent to the following: the granting of any right to acquire shares in the share capital of the Company pursuant to the stock option plan of the Company in order for the persons listed in the list attached hereto as Schedule A to hold the number of options set opposite their name, and the granting of stock options to members of committees as set forth in the resolution attached hereto as Schedule [SPECIFY]; any borrowing or lending of money or assumption or securing of an indebtedness on the credit of the Company in excess of [AMOUNT] in the aggregate per transaction, including, without limitation, the borrowing by the Company on [SPECIFY DATE] of [AMOUNT] from [AMOUNT] and [AMOUNT] from each of [SPECIFY] and [SPECIFY], the issuance of promissory notes convertible into shares of the Company relating thereto, any credit agreement or line of credit with [SPECIFY], and any agreement with [SPECIFY]; any declaration or any payment of salaries, directors fees, bonuses or other means of remuneration or any form of advances of money payable to the shareholders or directors, officers and employees of the Company, including, without limitation, the granting of a bonus of [AMOUNT] to [INDIVIDUAL NAME] for the [NUMBER]-month period ending on [SPECIFIC DATE] and the increase of his base salary to [AMOUNT] from [SPECIFIC DATE] to [SPECIFIC DATE]; any contract concluded as well as the termination of any contract of employment or services with a shareholder or any related party of a shareholder or with a director or an officer of the Company, including, without limitation: the hiring of [INDIVIDUAL NAME] on [SPECIFIC DATE] as Vice President, Product Development, at an annual salary of [COUNTRY] [AMOUNT] plus a bonus of up to [PERCENTAGE %] annually for reaching specific objectives for developing products, a [AMOUNT] to [AMOUNT] relocation allowance, and a participation in the stock option plan of the Company, and his [resignation or dismissal] on [SPECIFIC DATE]; the hiring of [INDIVIDUAL NAME] as a consultant on [SPECIFIC DATE] at an annual salary of [COUNTRY] [AMOUNT] with an incentive bonus of [AMOUNT] after [NUMBER] months for achieving objectives, and his [resignation or dismissal] on [DATE].
