Charitable Foundations definition
Examples of Charitable Foundations in a sentence
The Charitable Foundations may not assign any of their rights or obligations under this Agreement to any individual or entity without the express written prior consent of the Company.
Each of the Charitable Foundations is a Missouri nonprofit corporation which has applied for exemption, or is exempt, from taxation pursuant to Section 501(c)(3) of the Code.
Each of the Charitable Foundations is a Missouri nonprofit corporation which has applied for exemption, or is exempt, from taxation pursuant to Section 501 (c)(3) of the Code.
Savings Plan (the "Savings Plan") may be construed as the Charitable Foundations "maintaining" the Savings Plan contrary to Internal Revenue Code Section 401(k)(4)(B).
The Company has also prepared a Voluntary Compliance Resolution ("VCR") application to obtain a compliance certificate from the Internal Revenue Service on the discontinuance of participation by the Charitable Foundations employees and the disposition of contributions and earnings related to that participation.
Subject to legal requirements as reasonably determined by the Company, the Company shall take all reasonable steps to appoint the Chairman to represent the Company in all matters concerning the establishment and organization of the Charitable Foundations and to appoint the Chairman as the Chairman of the board of trustees or board of directors or equivalent governing body as may be established to supervise the activities of the Charitable Foundations (the "Governing Bodies").
Notwithstanding anything to the contrary, this Agreement shall terminate and the Company shall have no obligation to pay any Royalty hereunder if that certain Letter Agreement dated as of even date herewith by and among the Company, the Charitable Foundations and UBS Oncology Impact Fund L.P. terminates for any reason, including the failure of UBS Oncology Impact Fund, LP to purchase shares of Series A Preferred Stock of the Company.
The Company has been advised that the participation of the employees of Drey▇▇'▇ ▇▇▇nd Ice Cream Charitable Foundation and Edy's Grand Ice Cream Charitable Foundation (the "Charitable Foundations") in the Drey▇▇'▇ ▇▇▇nd Ice Cream, Inc.
The Company has discontinued the Charitable Foundations employees' active participation in the Savings Plan.
Nothing in the Agreement shall be deemed to estop the Chairman from receiving director fees from either or both of the Charitable Foundations in such manner and amounts as shall be determined in accordance with the organizational documentation of each of the Charitable Foundations.