Kings 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
• County: Kings
• 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. Kings New York Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a legal document that outlines the terms and conditions of the purchase of issued and outstanding shares of common stock. This agreement serves as a written record of the transaction and acts as a guiding framework for both parties involved. The agreement typically covers various important aspects, including but not limited to: 1. Parties Involved: The agreement identifies the parties involved in the transaction — Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. It provides their legal names, addresses, and other relevant details. 2. Purchase Price: The agreement specifies the agreed-upon purchase price for the shares of common stock. This price may be determined through negotiation or based on the market value of the shares. 3. Number of Shares: It outlines the number of issued and outstanding shares of common stock that Reassure America Life Insurance Co. intends to purchase from Penn corp Financial Group, Inc. This section also includes details of the stock certificates and their identification numbers. 4. Representations and Warranties: The agreement includes statements made by both parties regarding the accuracy and completeness of information provided. It ensures that both parties have disclosed all relevant information, such as financial statements, legal disputes, or any material change that may affect the value of the shares. 5. Conditions Precedent: This section highlights the conditions that need to be fulfilled before the purchase can be completed. It may include regulatory approvals, consent from relevant stakeholders, or any other specific requirements that the agreement sets forth. 6. Payment Terms: The agreement specifies the payment terms, such as the mode of payment, installment details if applicable, and the timeline for completing the payment. 7. Closing and Deliveries: It outlines the procedures to be followed during the closing of the transaction, including the transfer of funds, transfer of stock certificates, and any other necessary documents required for the transfer of ownership. In addition to the generic Sample Stock Purchase Agreement, there might be variations of this agreement specific to different scenarios, such as: 1. Asset Purchase Agreement: If the transaction involves the purchase of assets instead of shares, a separate agreement known as the Asset Purchase Agreement is used. This document outlines the terms and conditions for the purchase of specific assets of the target company. 2. Stock Option Purchase Agreement: In cases where the agreement is specifically for the purchase of stock options, this agreement outlines the terms and conditions of acquiring the options, including exercise price, expiration date, and vesting schedule. 3. Shareholder Agreement: When the agreement involves multiple shareholders of a company, a Shareholder Agreement is used in conjunction with the Stock Purchase Agreement. The Shareholder Agreement defines the shareholders' rights, obligations, and governance-related matters. It is important to note that the actual content and structure of the Kings New York Sample Stock Purchase Agreement may vary based on the specific requirements and preferences of the parties involved, as well as the applicable legal jurisdiction.

Kings New York Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a legal document that outlines the terms and conditions of the purchase of issued and outstanding shares of common stock. This agreement serves as a written record of the transaction and acts as a guiding framework for both parties involved. The agreement typically covers various important aspects, including but not limited to: 1. Parties Involved: The agreement identifies the parties involved in the transaction — Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. It provides their legal names, addresses, and other relevant details. 2. Purchase Price: The agreement specifies the agreed-upon purchase price for the shares of common stock. This price may be determined through negotiation or based on the market value of the shares. 3. Number of Shares: It outlines the number of issued and outstanding shares of common stock that Reassure America Life Insurance Co. intends to purchase from Penn corp Financial Group, Inc. This section also includes details of the stock certificates and their identification numbers. 4. Representations and Warranties: The agreement includes statements made by both parties regarding the accuracy and completeness of information provided. It ensures that both parties have disclosed all relevant information, such as financial statements, legal disputes, or any material change that may affect the value of the shares. 5. Conditions Precedent: This section highlights the conditions that need to be fulfilled before the purchase can be completed. It may include regulatory approvals, consent from relevant stakeholders, or any other specific requirements that the agreement sets forth. 6. Payment Terms: The agreement specifies the payment terms, such as the mode of payment, installment details if applicable, and the timeline for completing the payment. 7. Closing and Deliveries: It outlines the procedures to be followed during the closing of the transaction, including the transfer of funds, transfer of stock certificates, and any other necessary documents required for the transfer of ownership. In addition to the generic Sample Stock Purchase Agreement, there might be variations of this agreement specific to different scenarios, such as: 1. Asset Purchase Agreement: If the transaction involves the purchase of assets instead of shares, a separate agreement known as the Asset Purchase Agreement is used. This document outlines the terms and conditions for the purchase of specific assets of the target company. 2. Stock Option Purchase Agreement: In cases where the agreement is specifically for the purchase of stock options, this agreement outlines the terms and conditions of acquiring the options, including exercise price, expiration date, and vesting schedule. 3. Shareholder Agreement: When the agreement involves multiple shareholders of a company, a Shareholder Agreement is used in conjunction with the Stock Purchase Agreement. The Shareholder Agreement defines the shareholders' rights, obligations, and governance-related matters. It is important to note that the actual content and structure of the Kings New York Sample Stock Purchase Agreement may vary based on the specific requirements and preferences of the parties involved, as well as the applicable legal jurisdiction.