Assignee Entity definition
Examples of Assignee Entity in a sentence
In the event that your employment is transferred to another member of the Affiliated Group (such entity, the “Assignee Entity”), then this Agreement and the rights and obligations hereunder shall automatically be assigned to, and assumed by, such other member of the Affiliated Group and references to Endo herein shall, wherever permitted by the context, be deemed to refer to the Assignee Entity.
If the Assignee Entity is acquired or otherwise becomes beneficially owned by an entity that is unaffiliated with the Affiliated Group, then the term “Affiliated Group” as used in this Agreement shall, wherever permitted by the context, mean the Assignee Entity and each of its then-current direct and indirect subsidiaries and parent entities.
To comply with its obligations under this Clause 16.6.1, Autolus shall include obligations in its Sublicences and any assignment of the Assigned Patents to obtain and make available to the auditor appropriate information from Sub-Licensees and any Assignee Entity of an Assigned Patent to enable the independent auditor to verify the accuracy of Royalties, Net Receipts and Sublicence Or Patent Sale Payments.
Notwithstanding the foregoing, (a) the Participant shall be permitted to transfer the Award as a gift to an Assignee Entity in accordance with and subject to the limits of Section 17 of the Plan and (b) if not previously so transferred, any shares of Common Stock that become issuable hereunder but which otherwise remain unissued at the time of the Participant’s death shall be transferred to the Participant’s designated beneficiary or, if none, to the Participant’s estate.