MWS Clause Samples
MWS. Oil and gas well drilling, completion, maintenance, workover, well servicing and equipment transportation business and the performance of ancillary activities thereto, including oilfield equipment rentals. ▇▇▇▇▇▇ Marine: Ownership and operation (directly or through the Marine Subsidiaries) of inland barge workover rigs that provide well completion, maintenance, workover and other well service activities along the U. S. Gulf Coast.
MWS. ADP:11230127c
MWS. MCB:PAG:TTM:KMR:0725034
MWS may terminate EXECUTIVE's employment with MWS as follows:
(i) Upon at least ninety (90) days' written notice to EXECUTIVE, with or without cause, after the end of the first year term of this Agreement.
(ii) Upon the disability of EXECUTIVE for a period of at least ninety (90) business days, whether or not consecutive, during any twelve (12) month period. For the purposes of this Agreement, the term "disability" means any physical or mental impairment of EXECUTIVE, whether total or partial, which prevents EXECUTIVE, in the reasonable judgment of MWS's Board of Directors, from carrying out or performing the major duties of his employment. Upon the request of MWS's Board of Directors, EXECUTIVE shall submit to examinations by a physician or physicians, to assist MWS's Board of Directors in determining whether EXECUTIVE has been disabled for purposes of this Agreement. The decision as to EXECUTIVE's disability, if made in good faith by MWS's Board of Directors, shall be conclusive and binding upon EXECUTIVE.
MWS terminates the employment of ▇▇▇▇ ▇▇▇▇▇▇ ("▇▇▇▇▇▇") pursuant to Section 5.1(a)(i) of that certain Employment Agreement dated as of January 4, 1996 by and between MWS and ▇▇▇▇▇▇, as the same may be amended from time to time (the "Employment Agreement"), or any successor employment agreement; or
MWS has all requisite power and authority to own, lease and operate its properties and to carry on its business as presently conducted.
MWS is the sole legal and beneficial owner of 100% (one hundred percent) of the total issued and allotted shares of Chemwes, which have been properly and validly issued and allotted and are each fully paid (the "Chemwes Shares");
MWS. (a) noting the cession of that portion of the FUSA Sale Claims which AngloGold has on loan account against MWS to Harmony; (b) approving the appointment of Harmony's nominees to the board of directors of MWS, provided that Harmony provides the names and 141 identity/passport numbers (as applicable) of such nominees to AngloGold at least 15 (fifteen) Business Days before the Closing Date, subject to the terms and conditions of this Agreement and with effect from the Closing Date; and (c) noting the resignations of the persons referred to in clause 28.1.4; and