Examples of UICI in a sentence
UICI press releases and other company information are available at UICI's website located at www.uici.net.
Just weeks after his death in an automobile accident in 2005, the company UICI, was sold to a consortium of private equity firms, including Blackstone and Goldman Sachs.152 The Jensen family owned 28% of the stock and walked away from the US$1.7 billion deal with an estimated US$476 million.153Major related party transactions of family- controlled businesses with the publicly listed insurance company drew intense scrutiny from regulators, shareholders, policyholders and others.
Notwithstanding anything in this Agreement to the contrary, the Executive acknowledges and agrees that to the extent the Executive is offered and accepts comparable employment with such Successor, the Executive will not be entitled to receive any severance/termination compensation payments and benefits, as provided pursuant to the terms and conditions of Section 10 or otherwise under this Agreement, from UICI in connection with such acquisition/transaction with the Successor.
Upon termination of the Executive's employment with the Company, UICI or any of its Subsidiaries for any reason prior to an IPO, the Company or UICI will have the right to purchase (the "Call Right") any of the Executive's shares of UICI's Class A-1 common stock in accordance with the terms and conditions of the Stockholders Agreement.
If the Company or UICI terminates the Executive's employment with Cause, all of the Executive's Option Rights, whether or not vested, will be immediately forfeited.
CORPORATE PROFILE: UICI, headquartered in Dallas, Texas, is a diversified financial services company offering financial services, health administrative services and insurance through its various subsidiaries and divisions to niche consumer and institutional markets.
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Stock Options, if any, held by the Executive following termination of the Executive's employment with the Company, UICI or any of its Subsidiaries, shall remain exercisable in accordance with their terms.
This Agreement will be binding upon and inure to the benefit of the parties hereto, UICI and its successors and assigns, but no party may assign or delegate this Agreement or any rights or obligations hereunder without the prior written consent of the other party hereto.
Accordingly, Shareholder hereby agrees that if he violates any of the provisions of this Agreement, in addition to any other remedy available at law or in equity, UICI will be entitled to seek specific performance or injunctive relief without posting a bond or other security and without the necessity of proving actual damages.