Massachusetts Registration Rights Agreement between TriZetto Group, Inc. and TriZetto Stockholders

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9155
• Format: Word; Rich Text

Description

Registration Rights Agreement between The Trizetto Group and the holders of Trizetto's common stock dated December 22, 1999. 18 pages A Massachusetts Registration Rights Agreement is an essential legal document that outlines the rights and obligations between Trident Group, Inc. (the company) and its stockholders regarding the registration of securities. This agreement governs the process by which stockholders may request the company to register their shares in accordance with applicable state laws. The purpose of the Massachusetts Registration Rights Agreement is to provide stockholders with the opportunity to sell their shares publicly and smoothly. It ensures that stockholders have the right to demand registration of their securities with the Securities and Exchange Commission (SEC) in compliance with federal and state regulations. This agreement is essential for maintaining transparency and investor confidence in Trident Group, Inc. Under the Massachusetts Registration Rights Agreement, there can be different types of registration rights granted to the stockholders. Some common types include demand rights, piggyback rights, and shelf registration rights: 1. Demand Rights: This type of registration right allows a stockholder or a group of stockholders (typically holding a minimum percentage of outstanding shares) to request the company to register their shares for sale in the public market. The company is obliged to fulfill this demand within a specified period, subject to certain conditions mentioned in the agreement. 2. Piggyback Rights: Piggyback rights, also known as "co-sale" rights, enable stockholders to tag along with a company's registration statement. If the company files a registration statement for any of its securities, stockholders with piggyback rights can include their shares for registration and sale alongside those of the company. 3. Shelf Registration Rights: Shelf registrations allow stockholders to have their shares registered, but the timing of the actual sale is at the discretion of the stockholder. This type of registration is useful for stockholders who wish to sell their shares gradually over time or when market conditions are favorable. The Massachusetts Registration Rights Agreement provides specific details regarding the mechanics of exercising these rights, including the method of notification, timeframes, allocation of expenses, and any limitations or restrictions imposed by the company. It is important for both Trident Group, Inc. and its stockholders to have a clear understanding of the Massachusetts Registration Rights Agreement. This agreement serves as a framework that protects the rights and interests of stockholders while ensuring compliance with relevant laws and regulations. Proper execution of this agreement facilitates an efficient and transparent process for registering and selling securities in the Massachusetts market.

A Massachusetts Registration Rights Agreement is an essential legal document that outlines the rights and obligations between Trident Group, Inc. (the company) and its stockholders regarding the registration of securities. This agreement governs the process by which stockholders may request the company to register their shares in accordance with applicable state laws. The purpose of the Massachusetts Registration Rights Agreement is to provide stockholders with the opportunity to sell their shares publicly and smoothly. It ensures that stockholders have the right to demand registration of their securities with the Securities and Exchange Commission (SEC) in compliance with federal and state regulations. This agreement is essential for maintaining transparency and investor confidence in Trident Group, Inc. Under the Massachusetts Registration Rights Agreement, there can be different types of registration rights granted to the stockholders. Some common types include demand rights, piggyback rights, and shelf registration rights: 1. Demand Rights: This type of registration right allows a stockholder or a group of stockholders (typically holding a minimum percentage of outstanding shares) to request the company to register their shares for sale in the public market. The company is obliged to fulfill this demand within a specified period, subject to certain conditions mentioned in the agreement. 2. Piggyback Rights: Piggyback rights, also known as "co-sale" rights, enable stockholders to tag along with a company's registration statement. If the company files a registration statement for any of its securities, stockholders with piggyback rights can include their shares for registration and sale alongside those of the company. 3. Shelf Registration Rights: Shelf registrations allow stockholders to have their shares registered, but the timing of the actual sale is at the discretion of the stockholder. This type of registration is useful for stockholders who wish to sell their shares gradually over time or when market conditions are favorable. The Massachusetts Registration Rights Agreement provides specific details regarding the mechanics of exercising these rights, including the method of notification, timeframes, allocation of expenses, and any limitations or restrictions imposed by the company. It is important for both Trident Group, Inc. and its stockholders to have a clear understanding of the Massachusetts Registration Rights Agreement. This agreement serves as a framework that protects the rights and interests of stockholders while ensuring compliance with relevant laws and regulations. Proper execution of this agreement facilitates an efficient and transparent process for registering and selling securities in the Massachusetts market.