Stock Purchase Agreement between Humana, Inc., Physician Corporation of America and Folksamerica Holding Company, Inc. regarding guarantee of obligations and sale of shares of common stock dated December 30, 1999. 74 pages.
Title: Understanding Rhode Island Sample Stock Purchase Agreement: Human, Inc., Physician Corporation of America, and Folksamerica Holding Company, Inc. Introduction: A Stock Purchase Agreement is a legally binding document that outlines the terms and conditions regarding the purchase and sale of shares of stock between two or more parties. In the case of the Rhode Island Sample Stock Purchase Agreement, this article will delve into the specifics of the agreement between Human, Inc., Physician Corporation of America, and Folksamerica Holding Company, Inc. Key Elements of the Stock Purchase Agreement: 1. Parties Involved: Humanna, Inc.: A well-established healthcare company specializing in health insurance services. — Physician Corporation of America: A medical corporation engaged in providing healthcare services to patients. — Folksamerica Holding Company, Inc.: An investment holding company involved in various financial services. 2. Purchase Agreement Purpose: The agreement establishes the terms and conditions for Human, Inc. to acquire the stock of Physician Corporation of America from Folksamerica Holding Company, Inc. The purpose is to outline the transfer of ownership and responsibilities and ensure a smooth transition. 3. Stock Purchase Terms: — Purchase Price: Specifies the agreed-upon amount at which the stock will be purchased. — Payment Terms: Outlines the payment structure, such as lump-sum payment or installments, and the payment method. — Closing Date: Defines the date by which the transaction will be completed, including the transfer of stock certificates. 4. Representations and Warranties: — Financial Statements: Requires the target company (Physician Corporation of America) to provide accurate and complete financial statements. — Liabilities: Ensures that all stated liabilities and obligations related to the target company are disclosed in the agreement. — Compliance with Laws: Confirms that the target company complies with all applicable laws and regulations. 5. Conditions Precedent: Enumerates the necessary conditions that must be satisfied before the transaction can be legally executed. This may include obtaining necessary regulatory approvals or third-party consents. Alternate Types of Rhode Island Sample Stock Purchase Agreements: While the provided details represent a general overview of a stock purchase agreement between Human, Inc., Physician Corporation of America, and Folksamerica Holding Company, Inc., there may be different variations based on specific circumstances, such as: 1. Asset Purchase Agreement: If Human, Inc. intends to acquire only specific assets of Physician Corporation of America instead of the entire company. 2. Stock Options Agreement: In the case of the agreement being limited to the purchase of stock options rather than the actual shares of stock. Conclusion: Understanding the intricacies of the Rhode Island Sample Stock Purchase Agreement between Human, Inc., Physician Corporation of America, and Folksamerica Holding Company, Inc., is crucial for all parties involved. This agreement facilitates the seamless transfer of ownership and sets forth various terms and conditions that safeguard the interests of each party. It is important to consult legal professionals and be familiar with the specific details of the agreement for a successful transaction.
Title: Understanding Rhode Island Sample Stock Purchase Agreement: Human, Inc., Physician Corporation of America, and Folksamerica Holding Company, Inc. Introduction: A Stock Purchase Agreement is a legally binding document that outlines the terms and conditions regarding the purchase and sale of shares of stock between two or more parties. In the case of the Rhode Island Sample Stock Purchase Agreement, this article will delve into the specifics of the agreement between Human, Inc., Physician Corporation of America, and Folksamerica Holding Company, Inc. Key Elements of the Stock Purchase Agreement: 1. Parties Involved: Humanna, Inc.: A well-established healthcare company specializing in health insurance services. — Physician Corporation of America: A medical corporation engaged in providing healthcare services to patients. — Folksamerica Holding Company, Inc.: An investment holding company involved in various financial services. 2. Purchase Agreement Purpose: The agreement establishes the terms and conditions for Human, Inc. to acquire the stock of Physician Corporation of America from Folksamerica Holding Company, Inc. The purpose is to outline the transfer of ownership and responsibilities and ensure a smooth transition. 3. Stock Purchase Terms: — Purchase Price: Specifies the agreed-upon amount at which the stock will be purchased. — Payment Terms: Outlines the payment structure, such as lump-sum payment or installments, and the payment method. — Closing Date: Defines the date by which the transaction will be completed, including the transfer of stock certificates. 4. Representations and Warranties: — Financial Statements: Requires the target company (Physician Corporation of America) to provide accurate and complete financial statements. — Liabilities: Ensures that all stated liabilities and obligations related to the target company are disclosed in the agreement. — Compliance with Laws: Confirms that the target company complies with all applicable laws and regulations. 5. Conditions Precedent: Enumerates the necessary conditions that must be satisfied before the transaction can be legally executed. This may include obtaining necessary regulatory approvals or third-party consents. Alternate Types of Rhode Island Sample Stock Purchase Agreements: While the provided details represent a general overview of a stock purchase agreement between Human, Inc., Physician Corporation of America, and Folksamerica Holding Company, Inc., there may be different variations based on specific circumstances, such as: 1. Asset Purchase Agreement: If Human, Inc. intends to acquire only specific assets of Physician Corporation of America instead of the entire company. 2. Stock Options Agreement: In the case of the agreement being limited to the purchase of stock options rather than the actual shares of stock. Conclusion: Understanding the intricacies of the Rhode Island Sample Stock Purchase Agreement between Human, Inc., Physician Corporation of America, and Folksamerica Holding Company, Inc., is crucial for all parties involved. This agreement facilitates the seamless transfer of ownership and sets forth various terms and conditions that safeguard the interests of each party. It is important to consult legal professionals and be familiar with the specific details of the agreement for a successful transaction.