Torchmark definition
Examples of Torchmark in a sentence
The Option may be exercised in whole or in part at any time during the Option Period, by giving written notice of exercise to the Company specifying the number of Shares to be purchased, accompanied by payment in full of the purchase price, in cash, by check or such other instrument as may be acceptable to the Compensation Committee of the Torchmark Board of Directors (the “Committee”).
The Option may be exercised in whole or in part at any time during the Option Period, by giving written notice of exercise to the Company specifying the number of Shares to be purchased, accompanied by payment in full of the purchase price, in cash, by check or such other instrument as may be acceptable to the Compensation Committee of the Torchmark Board of Directors (the "Committee").
The Company shall afford to Torchmark and its Representatives reasonable access (including using reasonable efforts to give access to persons or firms possessing Information) and duplicating rights during normal business hours to Information within the Company's possession relating to the business of the Company, insofar as such access is reasonably required by Torchmark.
Torchmark and the Agent shall use their reasonable efforts to aggregate the shares of Torchmark common stock that may be held by any holder of record thereof through more than one account in determining the fractional shares allocable to such holder.
Torchmark will pay all reasonable costs incurred to obtain shareholder approval for any mutual fund which is a party to an investment advisory contract with any member of the Company Group in the event a sale by Torchmark pursuant to a Demand Registration Statement or a Company Registration Statement would constitute an "assignment" as defined in the Investment Company Act and the Advisors Act of such investment advisory contract.
Torchmark may request within thirty (30) days after receipt of any such notice to include in the Company Registration Statement some or any portion of the shares of Class A Common Stock or Class B Common Stock then held by Torchmark or any other member of the Torchmark Group.
Except as otherwise provided in Section 8.4, the Company shall use its best efforts from and after the Public Offering Date to obtain the release of Torchmark and the Torchmark Affiliates from all such obligations or liabilities.
Torchmark shall have the right to request up to three Demand Registration Statements, provided that the Company shall have no obligation to file any such Demand Registration Statement on or prior to a ninety (90) day period following the filing of any other registration statement by the Company (other than registration statements on Form S-4 or Form S-8 or another form available for registration of securities other than for sale to the public for cash).
The Company shall be responsible for obtaining insurance coverage for itself and the other members of the Company Group, at the Company's expense, and Torchmark shall be responsible for obtaining insurance coverage for itself and the other members of the Torchmark Group, at Torchmark's expense, from and after the Coverage Expiration Date of the respective policy.
The Company shall promptly provide Torchmark with revised prospectuses.