Circon definition
Examples of Circon in a sentence
Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will breach, or with notice, the passage of time or otherwise result in a breach of, any of the Company's obligations under the agreement dated November 9, 1998 between the Company, the Circon Shareholders Committee and the other signatories thereto.
In addition, pursuant to the Services Agreement by and among the Company, Maxxim Medical Group, Circon Holdings Corp.
Executive agrees that he shall not seek election to the Board of Directors of Circon at the 1998 Shareholders Meeting.
For a period of thirty-six (36) months following the Termination Date, Circon shall pay 100% of the premium cost of continuing coverage under the Circon group health and dental plans for and to the extent that Executive and his spouse and/or dependents were covered immediately prior to the Termination Date.
The Company shall promptly prepare at the end of each month and promptly deliver to Purchaser upon completion the balance sheet, income statement and statement of cash flows prepared in accordance with GAAP of the Company and Circon for each month ended between the date of this Agreement and the Effective Time.
The Executive shall become a member of the Board and serve as Vice Chairman of the Board and become a member of the Board of Directors of Circon Holdings during the Employment Period.
During the Employment Period, the Executive shall not be engaged in any other business activity (other than with respect to his duties and responsibilities to Circon Holdings) without the prior written consent of the Company except for time spent in managing his personal, financial and legal affairs, in each case only if, and to the extent that, such activities do not interfere with the performance of the Executive's duties and responsibilities hereunder.
The Committee has been formed for the purpose of nominating persons and soliciting proxies for the election of such persons as directors at the Circon 1998 Annual Meeting of Shareholders (the "Annual Meeting").
On August 28, 1995, the Company merged with Cabot Medical Corporation ("Cabot Medical"), collectively referred to as "Circon" or "the Company", creating a publicly-traded minimally invasive surgery company with the largest United States endoscopy market share in the fields of urology and gynecology.
Prior to the Closing Date, purchases of shares of common stock of Circon shall constitute Investments for purposes of clause (v) above; thereafter such purchases shall be deemed to be permitted by clause (ii) above and shall not be included in Investments made pursuant to clause (v) above.