New York 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: New York Sample Stock Purchase Agreement: Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Introduction: In the bustling city of New York, businesses engage in various transactions to foster growth and meet their strategic objectives. Among these transactions, the Stock Purchase Agreement holds significant importance. This detailed description explores a New York Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc., specifically focusing on issued and outstanding shares of common stock. Keywords: New York, Sample Stock Purchase Agreement, Reassure America Life Insurance Co., Penn corp Financial Group, issued shares, outstanding shares, common stock. 1. Overview of the Agreement: The New York Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. highlights a legally binding contract that governs the purchase and sale of issued and outstanding shares of common stock between the two companies. 2. Parties Involved: The agreement involves Reassure America Life Insurance Co., a reputable insurance company, and Penn corp Financial Group, Inc., a prominent financial services provider, both operating within the state of New York. 3. Objective: The primary objective of this agreement is to facilitate the acquisition of issued and outstanding shares of common stock, allowing To Reassure America Life Insurance Co. to gain ownership and control over shares previously held by Penn corp Financial Group, Inc. 4. Issued Shares of Common Stock: The agreement outlines the specific number and nature of shares that have been duly authorized by the board of directors of Penn corp Financial Group, Inc. These issued shares represent the total amount of stock available for trading or ownership. Details regarding the shares' par value, class, and voting rights are explicitly defined within the agreement. 5. Outstanding Shares of Common Stock: The agreement also addresses the outstanding shares, referring to the issued shares that are presently held by stockholders, excluding any shares repurchased or retired by the company. The agreement will state the exact number of outstanding shares and their corresponding rights and restrictions. Types of Stock Purchase Agreements: a) Standard Stock Purchase Agreement: This type establishes a straightforward transaction where Reassure America Life Insurance Co. purchases a predetermined number of issued and outstanding shares of common stock from Penn corp Financial Group, Inc. b) Escrow Stock Purchase Agreement: In scenarios where certain conditions or contingencies exist, an escrow stock purchase agreement may be utilized. This type allows for the temporary depositing of the purchase price into an escrow account until all conditions are met. c) Conditional Stock Purchase Agreement: If the completion of the transaction depends on specific events or milestones, a conditional stock purchase agreement may be employed. This type ensures that the purchase is contingent upon the successful occurrence of predefined conditions. Conclusion: The New York Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. represents a legally binding contract facilitating the acquisition of issued and outstanding shares of common stock by Reassure America Life Insurance Co. This agreement plays a vital role in defining the rights, restrictions, and terms of the stock transaction, ensuring a smooth transfer of ownership between the two companies within the framework of New York law.

Title: New York Sample Stock Purchase Agreement: Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. Introduction: In the bustling city of New York, businesses engage in various transactions to foster growth and meet their strategic objectives. Among these transactions, the Stock Purchase Agreement holds significant importance. This detailed description explores a New York Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc., specifically focusing on issued and outstanding shares of common stock. Keywords: New York, Sample Stock Purchase Agreement, Reassure America Life Insurance Co., Penn corp Financial Group, issued shares, outstanding shares, common stock. 1. Overview of the Agreement: The New York Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. highlights a legally binding contract that governs the purchase and sale of issued and outstanding shares of common stock between the two companies. 2. Parties Involved: The agreement involves Reassure America Life Insurance Co., a reputable insurance company, and Penn corp Financial Group, Inc., a prominent financial services provider, both operating within the state of New York. 3. Objective: The primary objective of this agreement is to facilitate the acquisition of issued and outstanding shares of common stock, allowing To Reassure America Life Insurance Co. to gain ownership and control over shares previously held by Penn corp Financial Group, Inc. 4. Issued Shares of Common Stock: The agreement outlines the specific number and nature of shares that have been duly authorized by the board of directors of Penn corp Financial Group, Inc. These issued shares represent the total amount of stock available for trading or ownership. Details regarding the shares' par value, class, and voting rights are explicitly defined within the agreement. 5. Outstanding Shares of Common Stock: The agreement also addresses the outstanding shares, referring to the issued shares that are presently held by stockholders, excluding any shares repurchased or retired by the company. The agreement will state the exact number of outstanding shares and their corresponding rights and restrictions. Types of Stock Purchase Agreements: a) Standard Stock Purchase Agreement: This type establishes a straightforward transaction where Reassure America Life Insurance Co. purchases a predetermined number of issued and outstanding shares of common stock from Penn corp Financial Group, Inc. b) Escrow Stock Purchase Agreement: In scenarios where certain conditions or contingencies exist, an escrow stock purchase agreement may be utilized. This type allows for the temporary depositing of the purchase price into an escrow account until all conditions are met. c) Conditional Stock Purchase Agreement: If the completion of the transaction depends on specific events or milestones, a conditional stock purchase agreement may be employed. This type ensures that the purchase is contingent upon the successful occurrence of predefined conditions. Conclusion: The New York Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. represents a legally binding contract facilitating the acquisition of issued and outstanding shares of common stock by Reassure America Life Insurance Co. This agreement plays a vital role in defining the rights, restrictions, and terms of the stock transaction, ensuring a smooth transfer of ownership between the two companies within the framework of New York law.