Beneficial Rights. No Employer or Union, or Employees, shall have any right, title or interest in or to the Trust Fund or any part thereof other than vesting under the Pension Plan except in accordance with applicable law. There shall be no pro rata or other distribution of any of the assets of the Fund as a result of any Union, Employer or group of Employees of Employers ceasing their participation in this Fund for any purpose or reason, except as required by law.
Beneficial Rights. Sec. 1. No Right, Title, or Interest of Employers and Union – No Employer or Union, or Employees, shall have the right, title or interest in or to the Trust Fund or any part thereof. There shall be no pro-rata or other distribution of any of the assets of the Fund as a result of any Union, Employer or Group of Employees or Employers ceasing their participation in this Fund for any purpose or reason, except as required by law.
Beneficial Rights. So that Masimo Cayman may exploit the Developed Intangibles in its business and fully enjoy the benefits thereof, and unless otherwise mutually agreed to by the Parties in writing, Masimo US grants to Masimo Cayman the following beneficial rights with respect to Developed Intangibles:
Beneficial Rights. As of the Effective Date: (a) the Contributor shall convey, assign, transfer and deliver to the Contributee and the Contributee shall acquire and accept all of the Contributor’s economic rights and interest in and to the Shares; and (b) the Contributee shall assume all of the Contributor’s economic risk, encumbrances and obligations with respect to the ownership of the Shares.
Beneficial Rights. So that each Party may exploit the Developed Intangibles in its respective business and fully enjoy the benefits thereof, each Party shall have worldwide (except as provided in Section 5.3 below), non-exclusive, perpetual (subject to Section 8.5) rights to use, copy, display, modify, or otherwise exploit Developed Intangibles to which the other Party holds legal title.
Beneficial Rights. Each Member shall have the exclusive right to use the Developed Intangible Property for manufacturing, marketing, and other purposes in its Territory, except as otherwise provided in this Agreement.
Beneficial Rights. 4.1 Prior to the Contribution in Kind, the Contributor shall keep the sole beneficial rights and title with regard to the Shares.
Beneficial Rights. HMC and HMII shall have the exclusive right to use, license and assign the Developed Intangible Property for manufacturing, marketing, and other purposes in its Territory, except as otherwise provided in this Agreement.
Beneficial Rights. Notwithstanding the terms of the Escrow, the owner ----------------- of record of each issued and outstanding share of Common Stock subject to this Agreement shall continue to have one vote per share. Such owners of record shall not vote separately as a class. Except for the limitations on disposition set forth herein, owners of record of Common Stock subject to this Agreement shall be entitled to any and all rights incident to ownership of their respective securities, including, without limitation, notice of any shareholders' meetings, dividends, and stock splits in accordance with the Company's charter instruments. Nothing in this Agreement shall be construed to operate as a proxy to grant to any person the right to vote any of the shares of Common Stock which are subject to this Agreement or to grant to any person a power-of-attorney with respect to powers of disposition over any of the shares of Common Stock or any Derivative Securities subject to this Agreement.
Beneficial Rights. On the Effective Date, (a) the Transferor shall convey, transfer and deliver to the Transferee, and the Transferee shall acquire and accept, all of the Transferors beneficial interest now and in the future attaching to or accruing in and to the Shares; and (b) the Transferee shall assume all of the Transferor's economic risk and obligations with respect to ownership of the Shares.
