Voting trust agreements allow shareholders to transfer their voting rights to the trustee, effectively giving the trustee temporary control of the corporation.
These agreements, usually found in smaller companies, are often used to prevent or facilitate takeovers.
In contrast to proxy voting agreements, voting trust agreements generally last for a longer period of time, for example, for several years.
A legacy clause is a provision that allows people or organizations to follow the old rules that once governed them instead of the new ones, often for a limited time.
The Multi-Employer Social Security Facility (MEWA) is a way for a group of employers to pool their resources to provide their employees with the best health insurance options.
Choice 83(b) is an Internal Revenue Code (IRC) provision that gives an employee or startup founder the ability to pay taxes on the total fair market value of the restricted shares at the time of grant.
The annual equivalent rate (AER) is the actual interest rate on investments, loans or savings accounts that can be obtained after compounding interest.
Automated Account Transfer Service (ACATS) can be used to transfer stocks, bonds, cash, mutual funds, mutual funds, options, and other investment products.