- voting agreement
USAAn equity holder agrees to vote his voting interest in favor of a specific proposal requiring equity holder approval, and against any proposal in contravention of such proposal. Voting agreements are commonly used in business combination transactions to ensure the buyer that significant equity holders will vote to approve the subject transaction. A voting agreement may also include an irrevocable proxy.For an example of a voting agreement, see Standard Document, Voting Agreement (www.practicallaw.com/8-422-4455).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
voting agreement — An agreement between the stockholders of a corporation, sometimes called a pooling agreement, intended to combine votes with a view to concerted action for a common object, and which control the votes of one or more of the parties by limiting… … Ballentine's law dictionary
voting trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. voting trust n. A devi … Law dictionary
voting trust — The transfer of title by stockholders of shares of a corporation to a trustee who is authorized to vote the shares on their behalf. One created by an agreement between a group of the stockholders of a corporation and the trustee, or by a group of … Black's law dictionary
Voting trust — A voting trust is a trust whereby the shares in a company of one or more shareholders and the voting rights attached thereto are legally transferred to a trustee, usually for a specified period of time (the trust period ). In some voting trusts,… … Wikipedia
voting trust — Simply stated, a device whereby persons owning stock with voting powers divorce the voting rights thereof from the ownership, retaining the latter to all intents and purposes and transferring the former to trustees in whom the voting rights of… … Ballentine's law dictionary
voting trust — noun an agreement whereby persons owning stock with voting powers retain ownership while transferring the voting rights to the trustees (Freq. 1) • Hypernyms: ↑trust * * * noun : an arrangement transferring the voting rights of shares in a… … Useful english dictionary
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Voting Trust — A legal trust created to combine the voting power of shareholders. With the establishment of the voting trust, the shareholders legal title (their stock) and voting rights are transferred to a designated trustee for a set duration. There are many … Investment dictionary
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