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A buy–sell agreement, also known as a buyout agreement, is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business.
It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s)' shares; the other shareholder(s) must then either accept the offer or buy the offering ...
A buyout clause or release clause refers to a clause in a contract that imposes an obligation on another organisation wishing to acquire the services of the employee under contract to pay the (usually substantial) fee of the clause to the organisation which issued the contract and currently employs the employee.
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WASHINGTON (Reuters) -The Trump administration ramped up pressure on U.S. government workers on Thursday to accept a buyout offer ahead of a midnight deadline as labor unions urged members to ...
The agreement also stipulated that if Musk failed to close the acquisition, he would be required to pay Twitter a $1 billion breakup fee. [46] [47] Agrawal was set to receive $39 million from the buyout, while Dorsey would receive $978 million. [48]
In an email to federal employees Tuesday following up on the original buyout proposal, the OPM wrote: “Please note the Deferred Resignation program (‘Fork in the Road’) expires at 11:59 p.m ...
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
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