Hawaii Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penncorp Financial Group, Inc. regarding issued and outstanding shares common stock

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• Control #: US-EG-9222
• Format: Word; Rich Text

Description

Stock Purchase Agreement between Reassur America Life Insurance Company and Penncorp Financial Group, Inc. regarding issued and outstanding shares of common stock dated January 7, 2000. 64 pages. Title: Understanding the Hawaii Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Introduction: The Hawaii Sample Stock Purchase Agreement refers to the legally binding contract entered into by Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. It focuses on the purchase and sale of issued and outstanding shares of common stock. This agreement establishes the terms and conditions governing the transaction and aims to protect the parties involved. Below, we will delve into the key aspects of this agreement, highlighting its purpose, structure, and relevant keywords. 1. Definition of Key Parties: — Reassure America Life Insurance Co.: One of the parties regarding the stock purchase agreement, a reputable life insurance company operating in Hawaii. Penn corprp Financial Group, Inc.: The other party involved in the agreement, a prominent financial group based in Hawaii. 2. Stock Purchase Agreement Types: There can be variations in the types of Hawaii Sample Stock Purchase Agreements between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc., including but not limited to: — Direct Stock Purchase Agreement: Specifies the terms of a direct acquisition where Reassure America purchases the outstanding common stock directly from Penn corp. — Secondary Market Stock Purchase Agreement: Governs the purchase of already issued common stock previously held by shareholders other than Penn corp. 3. Scope of the Agreement: The Hawaii Sample Stock Purchase Agreement outlines the following crucial details: — Purchase Price: The stipulated amount at which Reassure America agrees to buy the common stock from Penn corp. — Shares Transferred: Specifies the number of common stock shares being sold by Penn corp to Reassure America. — Representations and Warranties: A declaration by Penn corp that the shares being sold are legally owned, free from encumbrances, and not pledged elsewhere. — Governing Law and Jurisdiction: Identifies the state laws that govern the agreement and details the authorized jurisdiction for resolution of disputes. — Confidentiality: Ensures that both parties maintain the confidentiality of any non-public information exchanged during the negotiation and execution of the agreement. — Termination: Specifies the circumstances under which either party can terminate the agreement prior to its completion. Conclusion: The Hawaii Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a vital legal document that solidifies a stock transaction involving issued and outstanding common stock. It safeguards the interests of both parties and establishes a clear framework for the purchase and sale process. Understanding the aforementioned keywords and components within this agreement facilitates better comprehension of the rights and obligations of Reassure America and Penn corp, ensuring a smooth and transparent transaction.

Title: Understanding the Hawaii Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Introduction: The Hawaii Sample Stock Purchase Agreement refers to the legally binding contract entered into by Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. It focuses on the purchase and sale of issued and outstanding shares of common stock. This agreement establishes the terms and conditions governing the transaction and aims to protect the parties involved. Below, we will delve into the key aspects of this agreement, highlighting its purpose, structure, and relevant keywords. 1. Definition of Key Parties: — Reassure America Life Insurance Co.: One of the parties regarding the stock purchase agreement, a reputable life insurance company operating in Hawaii. Penn corprp Financial Group, Inc.: The other party involved in the agreement, a prominent financial group based in Hawaii. 2. Stock Purchase Agreement Types: There can be variations in the types of Hawaii Sample Stock Purchase Agreements between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc., including but not limited to: — Direct Stock Purchase Agreement: Specifies the terms of a direct acquisition where Reassure America purchases the outstanding common stock directly from Penn corp. — Secondary Market Stock Purchase Agreement: Governs the purchase of already issued common stock previously held by shareholders other than Penn corp. 3. Scope of the Agreement: The Hawaii Sample Stock Purchase Agreement outlines the following crucial details: — Purchase Price: The stipulated amount at which Reassure America agrees to buy the common stock from Penn corp. — Shares Transferred: Specifies the number of common stock shares being sold by Penn corp to Reassure America. — Representations and Warranties: A declaration by Penn corp that the shares being sold are legally owned, free from encumbrances, and not pledged elsewhere. — Governing Law and Jurisdiction: Identifies the state laws that govern the agreement and details the authorized jurisdiction for resolution of disputes. — Confidentiality: Ensures that both parties maintain the confidentiality of any non-public information exchanged during the negotiation and execution of the agreement. — Termination: Specifies the circumstances under which either party can terminate the agreement prior to its completion. Conclusion: The Hawaii Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a vital legal document that solidifies a stock transaction involving issued and outstanding common stock. It safeguards the interests of both parties and establishes a clear framework for the purchase and sale process. Understanding the aforementioned keywords and components within this agreement facilitates better comprehension of the rights and obligations of Reassure America and Penn corp, ensuring a smooth and transparent transaction.