MEEMIC definition
Examples of MEEMIC in a sentence
The administrator for purposes of this Agreement shall be the Company or, following a Change of Control, the Survivor ("Administrator"), whose address is MEEMIC Insurance Company, ▇▇▇ ▇.
The Executive is currently rendering valuable services to MEEMIC Insurance, which is a wholly-owned subsidiary of MEEMIC Holdings.
On the happening of an event requiring an adjustment of the price or the Shares purchasable pursuant to this Article III, MEEMIC Holdings shall forthwith give written notice to the Purchaser of such event.
ProAssurance has acquired, or will acquire, control of MEEMIC Holdings and MEEMIC Insurance in a transaction (the “Consolidation”) that will result in a “change of control” (the “Change of Control”) under the terms and conditions of the Change of Control Agreement among MEEMIC Insurance, MEEMIC Holdings and the Executive effective as of July 1, 2000 (the “Change of Control Agreement”).
If, prior to making any such demand, MEEMIC Holdings proposes to register a primary distribution of Shares to the public under the Securities Act of 1933, as amended (other than pursuant to Form S-4 or Form S-8), the Purchaser shall have the right (a "piggy back right") to include the Shares identified in Sections 2.1, 2.2 and 3.1 of this Agreement in such registration.
The Purchaser shall be required to provide MEEMIC Holdings with written notice of its irrevocable election to purchase the Option Shares pursuant to Section 3.1. After such notice is provided to MEEMIC Holdings, the Purchaser and MEEMIC Holdings shall mutually agree upon a date, which date shall be not later than twenty (20) calendar days after such notice is provided to MEEMIC Holdings, for the issuance of the Option Shares to the Purchaser (the "Issuance Date for Option Shares").
This Agreement has been duly executed and delivered by MEEMIC Holdings and constitutes the valid and binding obligations of MEEMIC Holdings, enforceable against it in accordance with its terms.
The options conferred by Article III of this Agreement do not entitle the Purchaser to any voting rights or other rights as a stockholder of MEEMIC Holdings, or to any other rights whatsoever except the rights herein expressed.
Any such notice from the Purchaser to MEEMIC Holdings shall be irrevocable after it is delivered and after it is delivered MEEMIC Holdings shall be obligated to deliver the Shares specified in such notice to the Purchaser in accordance with the terms of this Agreement.
MEEMIC Holdings, PICOM and Professionals acknowledge receiving a copy of such Plan of Conversion.