Articles of Association: Is it legal for retirees to get a 6 discount on their share withdrawals?

If you become a shareholder of a joint-stock company, you should have the same shares and the same rights according to the Contract Law of the company. Therefore, it is illegal for retirees to withdraw shares at a 6% discount. FYI.

As long as the content stipulated in the articles of association of the company is passed, it is valid, and the withdrawal of shares by retirees should be legal.

This must be based on the agreement you signed when you first bought the shares and the requirements to be reached for the withdrawal of shares, in order to know whether the agreement is legal.

The rules and regulations of each company are different, if it is legal to give a 6% discount to retirees according to their company's articles of association, and if they are violating the company's articles of association to give a 6% discount to retire shares, then it is not legal.

Is this a money grab?

A six-fold discount on the withdrawal of shares is definitely an invalid clause.

The same shares and equal rights are recognized, and it has nothing to do with the employee's retirement or on-the-job.

Of course, it is very illegal, and retirees should be given 100% if they withdraw their shares. Withdrawals should not be discounted by six. This is a disrespect to the patriarchs.

The company's articles of association allow retirees to withdraw shares at a 6% discount, which is legal if it has been stipulated in the past and both parties agree to it.

This is not legal, and the withdrawal of shares is generally a full withdrawal unless there are special circumstances.

Is it legal for retirees to promote shares for the Articles of Association? In this case also the company does so is absolutely not legal because. Accompany the retirees to allotment of shares to give a six-fold order This is the company is cleared, well, one of their lives.

Well, a very hairy uh thing, it's unreasonable to say that.

It depends on how you signed the contract when you first bought the shares. If this is the condition when the company requires you to voluntarily become a shareholder, then it is also legal for you to withdraw your shares now and give a 6% discount.

Whether it is legal or not, you need to look at the original agreement.

Is it legal for Zhang Chen's retirees to withdraw shares at a six-fold discount? This is definitely illegal, and it stands to reason that the number of shares you have is the number of shares you withdraw.

That's not a way to live, it's based on the agreement you signed at that time.

This is not legal, and the withdrawal of shares can also be traded according to the market, unless both of you agree.

It's certainly not a good deal. Because of the same shares and equal rights, retirement must also be converted according to all shares.

Is it legal for retirees to get a 6% discount on the company's articles of association? Articles of Association: Retirees are legally given a six-fold discount on retirement.

According to the Company Law, it is illegal for retirees to withdraw their shares at a 6% discount, and they can only withdraw their shares at the market price.

It depends on what kind of contract you are signing, and if you have any objections, you can consult a lawyer.

The articles of association of the company are illegal for retirees to withdraw shares at a six-percent discount, and there are no relevant provisions.

Withdrawal refers to the change from having equity to not enjoying equity. If the employee obtains the equity through the equity incentive plan, it cannot be transferred within the statutory period, and the shares can be withdrawn by resignation. Shareholder withdrawal can be transferred internally or externally.

[Legal basis].

Article 71 of the Company Law.

The shareholders of a limited liability company may transfer all or part of their equity to each other.

The transfer of equity by a shareholder to a person other than the shareholder shall be subject to the consent of more than half of the other shareholders. Shareholders shall notify other shareholders in writing to solicit consent for their equity transfer, and if other shareholders do not reply within 30 days from the date of receipt of the written notice, they shall be deemed to have agreed to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree shall purchase the transferred equity; If you do not purchase it, you will be deemed to have agreed to the transfer.

For the equity transferred with the consent of the shareholders, under the same conditions, other shareholders have the right of first refusal. If two or more shareholders claim to exercise the right of first refusal, they shall negotiate to determine their respective purchase ratios; If the negotiation fails, the right of first refusal shall be exercised in accordance with the proportion of their respective capital contributions at the time of transfer.

Where the articles of association of the company have other provisions on the transfer of equity, such provisions shall prevail.

Article 72.

The shareholders of a limited liability company may transfer all or part of their equity to each other. The transfer of equity by a shareholder to a person other than the shareholder shall be subject to the consent of more than half of the other shareholders.