French translation: clause d'égalité de traitement
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
(1) In the event of any sale or other Transfer of Shares in the Company by any Party (the "Selling Party"), whereby the Transferee acquires a Controlling Interest (as defined in Article 4.B.e) above, Change of Control) (a “Tag-Along Event"), then the Selling Party shall procure that each of the other Parties shall have the right to sell to the Selling Party or to the Transferee all - but not some only - of their respective Shares in the Company.
Tag-along rights. The flip side of drag-along rights. In circumstances in which one partner has arranged (as allowed by the agreement) the sale of its shares to an outsider, the remaining partner (usually the minority shareholder) can prevent the sale unles,\ its shares are also bought by the outsider at the same price and on the same terms.
If an IPO of the JV is a possibility or could be an exit strategy. the partners may wish to agree in advance on the circumstances (such as a certain profit level or need for financing)in which they will accept an IPO.
7.5.4. The aggregate price of all class A shares and all class B shares transferred to the third party and/or, as the case may be, to the class A shareholder pursuant to the Prorated Put Option (the «Prorated Tag Along Proceeds» and the «Prorated Tag Along Shares») shall be distributed amongst the transferring shareholders in accordance with the following provisions. […]
7.5. Droit d'attirance proportionnel («Prorated tag along right»)
7.5.4. Le prix total de toutes les actions de classe A et de toutes les actions de classe B transférées à la tierce partie et/ou, le cas échéant, à l'actionnaire de classe A en vertu de l'Option de Vente Proportionnelle (le «Produit d'Attirance Proportionnel» et les «Actions Attirées Proportionnellement») sera distribué entre les actionnaires cédant suivant les dispositions suivantes.