What kind of dry stock agreement can have legal effect? Please ask for a perfect letter of agreement

Equity Dividend Agreement.

Party A: **Company (hereinafter referred to as Party A).

Party B: **Technical Personnel) ID Number: **Hereinafter referred to as Party B).

Party B is Party A's technical personnel, and has made important contributions to Party A's technical development and technical support, and in order to encourage Party B to serve Party A, the two parties have entered into an agreement as follows through friendly negotiation

Article 1: **. Every year, Party A will pay Party B a dividend of 10% of the annual distributable profit after tax.

Article 2: Dividend conditions. 1. Party B shall sign a technical confidentiality agreement with Party A, complete the specified technology development plan, and complete the technology development project according to the schedule of the technology development plan.

2. The company has distributable profits after tax, and if it loses money in the current year, there will be no dividends; 3. If Party B leaves Party A, this Agreement will automatically become invalid.

Article 3: Dividend equity agreement. Party B's dividend in Party A is that there is no share as the basis for dividends, that is, Party B dividends at a rate of 10%, which is only a unilateral reward of Party A, and has nothing to do with equity, and Party B cannot be considered to have a corresponding 10% equity in Party A.

Article 4: This agreement shall come into force from the date of signing, and if it is necessary to change it, the two parties shall negotiate amicably, and if the negotiation fails, the lawsuit shall be filed in the people's court where Party A is located.

Article 5: This Agreement shall be executed in four copies, two copies of each.

Signature and date.

As long as the agreement does not violate the mandatory provisions of the law, it is legal and valid, and some agreements do not mean that they have no effect after they are signed, but they cannot be used against a bona fide third party. It's not that the agreement between you is invalid or otherwise, you can still claim rights under the agreement, so you need to think about how to circumvent the problem of third parties.

Regardless of the form of the agreement, the dry shareholders will become formal shareholders and fully enjoy the rights and obligations of shareholders through the change of shareholders of the company and registration with the industrial and commercial bureau.

Do you have a dry share agreement about what the company gives you?

Legal Analysis: Legally binding. The essence of dry shares is a gift relationship, as long as it complies with the legal provisions of Suiyu and the provisions of the Company Law, dry shares can be protected by law.

Legal basis: Company Law of the People's Republic of China Article 33 Shareholders have the right to inspect and copy the articles of association, minutes of shareholders' meetings, resolutions of board of directors, resolutions of meetings of supervisory committees and financial accounting reports.

Shareholders may request to inspect the company's accounting books. If a shareholder requests to inspect the company's accounting books, he or she shall submit a written request to the company stating the purpose. If the company has reasonable grounds to believe that the shareholder's inspection of the accounting books has an improper purpose and may harm the legitimate interests of the company, Jane's may refuse to provide the inspection and shall reply to the shareholder in writing and explain the reasons within 15 days from the date of the shareholder's written request.

If the company refuses to provide access, the shareholders may request the people's court to require the company to provide access.

Legal basis: Article 465 of the Civil Code of the People's Republic of China Contracts established in accordance with law are protected by law. A contract established in accordance with law shall only have the legal binding force on the parties to the destruction, except as otherwise provided by law.

Legal basis: Article 465 of the Civil Code of the People's Republic of China: Contracts established in accordance with law are protected by law. A contract established in accordance with law shall only be legally binding on the parties, unless otherwise provided by law.

If the dry stock agreement is concluded in accordance with the law, and the parties have the corresponding civil capacity, the hail is protected by law. Dry shares are generally obtained through shareholders donating their own equity to others, or the company using the repurchased shares for employee stock ownership plans or equity incentives. Article 142 of the Company Law of the People's Republic of China stipulates that a company shall not acquire shares of the company.

However, except for one of the following circumstances: (1) reducing the registered capital of the company; 2) Merger with other companies in which the Company holds shares; (3) Using shares for employee stock ownership plans or equity incentives; (4) Shareholders request the company to acquire their shares because they disagree with the resolution of the general meeting of shareholders to merge or divide the company; (5) The shares are used to convert the corporate bonds issued by the listed company that can be converted into **; (6) It is necessary for the listed company to maintain the company's value and shareholders' rights and interests. Article 142 of the Company Law of the People's Republic of China stipulates that a company shall not acquire the shares of the company.

However, there is an exception for any of the following circumstances: (1) Reducing the registered capital of the company; (2) merger with other companies holding shares of the Company; (3) Using shares for employee stock ownership plans or equity incentives; (4) Shareholders request the company to acquire their shares because they disagree with the resolution of the general meeting of shareholders to merge or divide the company; (5) The shares are used to convert the corporate bonds issued by the listed company that can be converted into **; (6) It is necessary for the listed company to maintain the company's value and shareholders' rights and interests.

Legal Analysis: Dry stock agreements are usually not protected by the law of empty form beams. From a legal point of view, dry shares are not a correct name, and there is no such thing as dry shares in China's company law.

But in life, dry strands are applied a lot. There are usually two ways to obtain dry shares, one is for the company's shareholders to donate their shares to others. The other is that in order to retain talents, the shareholders of some companies will use incentives to transfer their shares to others, so the shares obtained without capital contribution are called dry shares.

Legal basis: Article 35 of the Company Law of the People's Republic of China Shareholders shall receive dividends in accordance with the proportion of their paid-in capital contributions; When the company adds new capital, shareholders have the right to subscribe for capital contributions in accordance with the proportion of paid-in capital contributions. However, all shareholders agree not to distribute dividends in accordance with the proportion of capital contribution or do not subscribe for capital contribution in priority according to the proportion of capital contribution.

Legal analysis: An agreement that does not violate the mandatory provisions of the law or does not cover up the purpose of non-socks transportation in a legal form and harms the public interest will take legal effect after being signed by both parties. If, after signing, you find that there is an overlord clause or that there is fraud, coercion, material misunderstanding, obvious unfairness, taking advantage of others, etc., you can provide relevant evidence to sue the court to rescind the contract or part of the overlord clause.

Legal basis: Article 18 of the Labor Law of the People's Republic of China The following labor contracts are invalid: (1) labor contracts that violate laws and administrative regulations; (2) Labor contracts concluded by means of fraud, threats, or other means.

An invalid employment contract is not legally binding from the moment it is concluded. If it is confirmed that part of the labor contract is invalid, the remaining part shall remain valid if it does not affect the validity of the remaining part. The invalidity of the labor contract shall be confirmed by the Labor Dispute Arbitration Commission or the People's Court.