Torchmark Group definition
Examples of Torchmark Group in a sentence
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.
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.
Torchmark is the common parent of an affiliated group of corporations (the "Torchmark Group") within the meaning of Section 1504(a) of the Internal Revenue Code of 1986, as amended (the "Code").
WRFI shall reimburse Torchmark for any reasonable out-of-pocket costs and expenses incurred by any member of the Torchmark Group in connection with such cooperation.
Notwithstanding the foregoing, neither party shall be relieved from any obligations or liabilities accruing prior to the Public Officering Date by any member of the Company Group or any member of the Torchmark Group, as the case may be, which obligations or liabilities shall be paid or satisfied consistent with past practices.
The Torchmark Group includes WRFI and its direct and indirect subsidiaries.
The parties acknowledge that the obligations of WRFI and its Subsidiaries under the Existing Tax Allocation Agreement will terminate as of the Offering Date, but that pursuant to section 10 of the Existing Tax Allocation Agreement it will remain in effect for each of WRFI and its Subsidiaries with respect to any period during which WRFI or such Subsidiary must be included in the Torchmark Group.
The members of the Torchmark Group have heretofore joined in filing consolidated Federal income tax returns.
Torchmark and any other member of the Torchmark Group may sell shares of Class A Common Stock and/or Class B Common Stock without a registration in the event Torchmark provides to the Company an opinion of counsel, satisfactory in form and substance to the Company, to the effect that such Class A Common Stock and/or Class B Common Stock is eligible for sale without limitation or restriction of any sort under Rule 144 under the Securities Act.
Torchmark and any other -------------------------- member of the Torchmark Group may sell shares of Class A Common Stock and/or Class B Common Stock without a registration in the event Torchmark provides to the Company an opinion of counsel, satisfactory in form and substance to the Company, to the effect that such Class A Common Stock and/or Class B Common Stock is eligible for sale without limitation or restriction of any sort under Rule 144 under the Securities Act.