Thiokol-▇▇▇▇▇▇ Spinoff Clause Samples

Thiokol-▇▇▇▇▇▇ Spinoff. Safety agrees that, at New ▇▇▇▇▇▇'▇ request and expense and subject to New ▇▇▇▇▇▇'▇ obligation to indemnify Safety for such actions, Safety shall act as agent for New ▇▇▇▇▇▇ in making any claim against ▇▇▇▇▇▇ Thiokol, Inc. (now named Thiokol Corporation) in connection with New ▇▇▇▇▇▇'▇ indemnification and similar rights pursuant to the agreements entered into between Thiokol and ▇▇▇▇▇▇ International, Inc. in connection with the 1989 distribution of the capital stock of ▇▇▇▇▇▇ International, Inc. Safety shall not knowingly waive any such rights of New ▇▇▇▇▇▇ without New ▇▇▇▇▇▇'▇ consent. Notwithstanding the foregoing, Safety shall not be obligated to take any actions in furtherance of its obligations under this Section 6.09 if Safety determines, in its reasonable judgment, that taking such actions would entail an undue level of risk to Safety or involve Safety in a substantial controversy or dispute.
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Thiokol-▇▇▇▇▇▇ Spinoff. Section 6.10 Non-Competition . . . . . . . . . . . 36
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Related to Thiokol-▇▇▇▇▇▇ Spinoff

  • OPTIONAL TWELVE-MONTH PAY PLAN 1. Where the Previous Collective Agreement does not contain a provision that allows an employee the option of receiving partial payment of annual salary in July and August, the following shall become and remain part of the Collective Agreement. 2. A continuing employee, or an employee hired to a temporary contract of employment no later than September 30 that extends to June 30, may elect to participate in an Optional Twelve-Month Pay Plan (the Plan) administered by the employer. 3. An employee electing to participate in the Plan in the subsequent year must inform the employer, in writing, on or before June 15. An employee hired after that date must inform the employer of their intention to participate in the Plan by September 30th. It is understood, that an employee appointed after June 15 in the previous school year and up to September 30 of the subsequent school year, who elects to participate in the Plan, will have deductions from net monthly pay, in the same amount as other employees enrolled in the Plan, pursuant to Article B.8.5. 4. An employee electing to withdraw from the Plan must inform the employer, in writing, on or before June 15 of the preceding year. 5. Employees electing to participate in the Plan shall receive their annual salary over 10 (ten) months; September to June. The employer shall deduct, from the net monthly pay, in each twice-monthly pay period, an amount agreed to by the local and the employer. This amount will be paid into the Plan by the employer. 6. Interest to March 31 is calculated on the Plan and added to the individual employee’s accumulation in the Plan. 7. An employee’s accumulation in the Plan including their interest accumulation to March 31st shall be paid in equal installments on July 15 and August 15. 8. Interest earned by the Plan in the months of April through August shall be retained by the employer. 9. The employer shall inform employees of the Plan at the time of hire. 10. Nothing in this Article shall be taken to mean that an employee has any obligation to perform work beyond the regular school year.

  • ▇▇▇▇▇▇▇▇ Tobacco Co [▇▇▇▇▇ Progeny] Circuit Court, Broward County, (Ft. Lauderdale, FL) $10 million in compensatory damages; 33.3% of fault assigned to RJR Tobacco, which reduced the award to $3.3 million; $20 million in punitive damages, of which $10 million was assigned to RJR Tobacco. See “— ▇▇▇▇▇ and ▇▇▇▇▇ Progeny Cases” below.

  • Tax-Free Reorganization Treatment The Company and Parent shall not, and shall not permit any of their respective Subsidiaries to, intentionally take or cause to be taken any action not otherwise consistent with the transactions contemplated by this Agreement which could reasonably be expected to prevent the Merger from qualifying as a "reorganization" within the meaning of Section 368(a) of the Code.

  • Tax-Free Reorganization The Merger is intended to be a tax-free plan or reorganization within the meaning of Section 368(a)(1)(F) of the Internal Revenue Code of 1986, as amended.

  • Lane closure (i) The Contractor shall not close any lane of the Project Highway for undertaking maintenance works except with the prior written approval of the Authority’s Engineer. Such approval shall be sought by the Contractor through a written request to be made at least 10 (ten) days before the proposed closure of lane and shall be accompanied by particulars thereof. Within 5 (five) business days of receiving such request, the Authority’s Engineer shall grant permission with such modifications as it may deem necessary and a copy of such permission shall be sent to the Authority. (ii) Upon receiving the permission pursuant to Clause 14.5 (i), the Contractor shall be entitled to close the designated lane for the period specified therein, and for all lane closures extending a continuous period of 48 (forty-eight) hours, the Contractor shall, in the event of any delay in re-opening such lane, for every stretch of 250 (two hundred and fifty) metres, or part thereof, pay Damages to the Authority calculated at the rate of 0.1% (zero point one per cent) of the monthly maintenance payment for each day of delay until the lane has been re-opened for traffic. In the event of any delay in re-opening such lanes or in the event of emergency decommissioning and closure to traffic of the whole or any part of the Project Highway due to failure of the Contractor, the Contractor shall pay damages to the Authority at double the above rate, without prejudice the rights of the Authority under this Agreement including Termination thereof.