ABC Agreement

Saturday, July 14th, 2007

There is some confusion as to what an ABC agreement is. This is a term that refers to an agreement that is consummated between a purchasing member who has a seat on the NYSE and the company in which this person works. Based on the agreement of the NYSE, this Agreement would contain stipulations in which the employee could do the following:
• Transfer his seat to another person working in the company
• Retain his seat but also give him the authority to purchase a new seat for another person who will be chosen by the company
• Sell his seat and transfer any gains or proceeds to the company.

This entry was posted on Saturday, July 14th, 2007 at 9:48 pm

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