Buy-Sell Agreement: Corporations (TX) | Practical Law
https://content.next.westlaw.com/practical-law/document/Ifce9ff257d6811e38578f7ccc38dcbee/Buy-Sell-Agreement-Corporations-TX?viewType=FullText&transitionType=Default&contextData=(sc.Default)A buy-sell agreement that provides for transfer restrictions and the purchase and sale of shareholders' interests in a Texas for-profit corporation in the event of certain specified occurrences, such as the death or divorce of a shareholder or the termination of a shareholder's employment with the corporation, including by reason of disability. This agreement also provides for the corporation's acquisition of a deceased shareholder's interest funded with life insurance proceeds. This Standard Document, which is a specific form of shareholders' agreement, has integrated notes with important explanations and drafting and negotiating tips.
A buy-sell agreement that provides for transfer restrictions and the purchase and sale of shareholders' interests in a Texas for-profit corporation in the event of certain specified occurrences, such as the death or divorce of a shareholder or the termination of a shareholder's employment with the corporation, including by reason of disability. This agreement also provides for the corporation's acquisition of a deceased shareholder's interest funded with life insurance proceeds. This Standard Document, which is a specific form of shareholders' agreement, has integrated notes with important explanations and drafting and negotiating tips.