Illinois 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: Illinois Sample Stock Purchase Agreement: Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. — Detailed Description of Issued and Outstanding Shares of Common Stock Introduction: This article provides a comprehensive description of the various types of Illinois Sample Stock Purchase Agreements (Spas) between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Specifically, this description focuses on Spas pertaining to issued and outstanding shares of common stock. Explore the key terms, features, and importance of these agreements when facilitating a stock purchase transaction. Keywords: Illinois Sample Stock Purchase Agreement, Reassure America Life Insurance Co., Penn corp Financial Group, issued shares, outstanding shares, common stock 1. Definition of a Stock Purchase Agreement: An Illinois Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions for the purchase and sale of shares of stock between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Through this agreement, Reassure America becomes the buyer, and Penn corp Financial Group acts as the seller. 2. Issued Shares: The term "issued shares" refers to the total number of shares that a company has authorized and distributed to its shareholders. The Illinois Sample Stock Purchase Agreement will specify the number of issued shares of common stock agreed upon for the transaction. This arrangement allows Reassuring America to obtain an ownership stake in Penn corp Financial Group proportional to the number of purchased issued shares. 3. Outstanding Shares: In contrast, "outstanding shares" refer to the shares that are currently held by shareholders, including both individual investors and institutional entities, such as Reassure America. These are the shares available for trading on the open market. The Illinois Sample Stock Purchase Agreement will mention the outstanding shares of common stock held by Penn corp Financial Group that Reassure America intends to acquire. 4. Key Terms and Provisions: The Illinois Sample Stock Purchase Agreement will contain essential provisions that protect the interests of both parties. These may include clauses pertaining to purchase price, closing date, representations and warranties, due diligence, non-compete agreements, conditions precedent, and dispute resolution mechanisms. 5. Types of Illinois Sample Stock Purchase Agreement: While this article focuses primarily on the Illinois Sample Stock Purchase Agreement concerning issued and outstanding shares of common stock between Reassure America Life Insurance Co. and Penn corp Financial Group, additional types of agreements may be relevant. These may include agreements for preferred stock, restricted stock, or convertible stock purchases. Each agreement type will have its unique terms and specifications. Conclusion: The Illinois Sample Stock Purchase Agreement is a vital legal instrument governing the purchase and sale of stocks between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. It outlines the terms, conditions, and provisions related to the transaction involving issued and outstanding shares of common stock. These agreements ensure a fair and transparent process while safeguarding the interests of both parties involved in the stock purchase transaction.

Title: Illinois Sample Stock Purchase Agreement: Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. — Detailed Description of Issued and Outstanding Shares of Common Stock Introduction: This article provides a comprehensive description of the various types of Illinois Sample Stock Purchase Agreements (Spas) between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Specifically, this description focuses on Spas pertaining to issued and outstanding shares of common stock. Explore the key terms, features, and importance of these agreements when facilitating a stock purchase transaction. Keywords: Illinois Sample Stock Purchase Agreement, Reassure America Life Insurance Co., Penn corp Financial Group, issued shares, outstanding shares, common stock 1. Definition of a Stock Purchase Agreement: An Illinois Sample Stock Purchase Agreement is a legally binding document that outlines the terms and conditions for the purchase and sale of shares of stock between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Through this agreement, Reassure America becomes the buyer, and Penn corp Financial Group acts as the seller. 2. Issued Shares: The term "issued shares" refers to the total number of shares that a company has authorized and distributed to its shareholders. The Illinois Sample Stock Purchase Agreement will specify the number of issued shares of common stock agreed upon for the transaction. This arrangement allows Reassuring America to obtain an ownership stake in Penn corp Financial Group proportional to the number of purchased issued shares. 3. Outstanding Shares: In contrast, "outstanding shares" refer to the shares that are currently held by shareholders, including both individual investors and institutional entities, such as Reassure America. These are the shares available for trading on the open market. The Illinois Sample Stock Purchase Agreement will mention the outstanding shares of common stock held by Penn corp Financial Group that Reassure America intends to acquire. 4. Key Terms and Provisions: The Illinois Sample Stock Purchase Agreement will contain essential provisions that protect the interests of both parties. These may include clauses pertaining to purchase price, closing date, representations and warranties, due diligence, non-compete agreements, conditions precedent, and dispute resolution mechanisms. 5. Types of Illinois Sample Stock Purchase Agreement: While this article focuses primarily on the Illinois Sample Stock Purchase Agreement concerning issued and outstanding shares of common stock between Reassure America Life Insurance Co. and Penn corp Financial Group, additional types of agreements may be relevant. These may include agreements for preferred stock, restricted stock, or convertible stock purchases. Each agreement type will have its unique terms and specifications. Conclusion: The Illinois Sample Stock Purchase Agreement is a vital legal instrument governing the purchase and sale of stocks between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. It outlines the terms, conditions, and provisions related to the transaction involving issued and outstanding shares of common stock. These agreements ensure a fair and transparent process while safeguarding the interests of both parties involved in the stock purchase transaction.