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Voting Agreement Between Stockholders to Elect Directors

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Voting Agreement Between Stockholders to Elect Directors Powered By Docstoc
					This is an agreement between the shareholders of a corporation that want to exercise
their voting control by agreeing to vote in unison. The shareholders agree that they will
vote all of the shares they own as one block for the election of directors. In order to
terminate this agreement, 75% of the shares covered by the agreement must vote in
favor of termination. This document can be used by the shareholders of a small
business or corporation that want to enter into a voting agreement to vote in unison for
the election of directors.
               Voting Agreement between Stockholders to Elect Directors

        This Voting Agreement is made this the (date), between the undersigned
Stockholders of (Name of Corporation), a corporation organized and existing under the
laws of the state of (Name of state), with its principal office located at (street address,
city, state, zip code), referred to herein the Corporation.

      Whereas, the undersigned Stockholders are the owners of a total of (number)
shares of the common capital stock of the Corporation; and

       Whereas, the parties desire to combine their votes, as such Stockholders, in the
election of members of the Board of Directors of the Corporation; and

       Whereas, the parties desire to establish their mutual rights and obligations
regarding combining their votes;

      Now, therefore, in consideration of the matters described above, and of the
mutual benefits and obligations set forth in this Agreement, the parties agree as follows:

1.     Voting
       All the aforementioned shares of stock owned by the parties, together with any
additional shares acquired in any manner by any one or more of them, shall be voted as
one block in the election of the Directors of the Corporation.

2.     Manner of Voting
       The manner in which such shares of stock shall be voted shall be determined by
the vote of the majority of the shares, as determined in a written ballot on each matter to
be voted upon, such balloting to take place in advance of the Stockholders' meeting at
which an election of Directors shall take place.

3.    Limitation on Voting
      This Agreement shall not extend to voting on other questions and matters on
which Stockholders shall have the right to vote under the Articles of Incorporation, the
Bylaws, or the laws of (Name of state).

4.     Condition on Stock Certificate
       Each stock certificate now or later issued to the parties to this Agreement, their
heirs, personal representatives, successors, and assigns, shall be endorsed with the
following statement:

        The right to vote the shares represented by this certificate is limited
        by the provisions of a certain agreement among certain of the Stockholders
        of the Corporation, a copy of which is on file with the Secretary of the
        Corporation at its principal office at (street address, city, state, zip code).

5.      Termination of Agreement



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       This Agreement may be terminated by the vote of the owners of (e.g., 75%)
of the shares covered by the Agreement. Any party to this Agreement may call for a
vote on the termination of this Agreement at any time.

        Witness our signatures this the _____ day of __________, 20_____.



__________________________                         __________________________
(Signature of Shareholder)                         (Signature of Shareholder)


_______________________________                    _______________________________
(Printed Name of Shareholder)                      (Printed Name of Shareholder)


__________________________                         __________________________
(Signature of Shareholder)                         (Signature of Shareholder)


_______________________________                    _______________________________
(Printed Name of Shareholder)                      (Printed Name of Shareholder)


__________________________                         __________________________
(Signature of Shareholder)                         (Signature of Shareholder)


_______________________________                    _______________________________
(Printed Name of Shareholder)                      (Printed Name of Shareholder)




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Description: This is an agreement between the shareholders of a corporation that want to exercise their voting control by agreeing to vote in unison. The shareholders agree that they will vote all of the shares they own as one block for the election of directors. In order to terminate this agreement, 75% of the shares covered by the agreement must vote in favor of termination. This document can be used by the shareholders of a small business or corporation that want to enter into a voting agreement to vote in unison for the election of directors.