TMMC definition
Examples of TMMC in a sentence
The exchange of TMMC Stock and THSC Stock for Holdings Stock as contemplated by this Amendment (the "Closing") will take place at the same place and on the same day as the closing of the FHP Merger.
Both the option granted under Section 5.1 and the Performance Purchase Option granted under Section 5.3 shall expire as to all Management Investors upon a Change in Control (as herein defined) of TMMC which occurs at any time after the date of the expiration of the subscription period during which the Rights are exercisable under the Rights Offering (the "Expiration Date").
The parties hereto consent to the purchase by FHP from, and the issuance, sale and transfer to FHP by, (i) the Company of 87,500 shares of TMMC Common Stock, for consideration in the amount of $.01 per share, and (ii) THSC of 5 shares of THSC Common Stock, for consideration in the amount of $2.00 per share.
The parties to this agreement hereby agree that the Holdings Stock acquired herein by the Management Investors falls within the definition of "Additional Securities" as such term is defined in the Stock Purchase Agreement, and is subject to the same conditions as the TMMC Stock and THSC Stock with respect to which they were exchanged.
At the Closing, the Management Investors will deliver to Holdings certificates evidencing the TMMC Stock and THSC Stock.
Each certificate will be properly endorsed for transfer to or accompanied by a duly executed stock power in favor of Holdings and will be in a form acceptable for transfer on the books of TMMC and THSC.
Complete the TMMC split project currently underway to separate TMMC from FHP data.
The Seller will contribute to TMMC an amount of cash sufficient to increase TMMC's net worth to approximately $60 million (the "Capital Contribution"); provided that such amount shall not exceed $70 million.
HUMAN RESOURCES (HR-1) / DATACCOUNT CONNECTIVITY/TIME CLOCK LOCATIONS Provide consultation to HR and Payroll staff to separate TMMC from other FHP environments.
THE ALLOCATIONS OF LIABILITY SET FORTH IN THIS SECTION 5 REPRESENT THE AGREED UPON AND BARGAINED FOR UNDERSTANDING OF FHP AND TMMC AND FHP'S COMPENSATION FOR SERVICES RENDERED HEREUNDER REFLECTS SUCH ALLOCATIONS.