Examples of CombiMatrix Group in a sentence
For purposes of this Article IV, the CombiMatrix Stock, when issued, shall be considered issued in respect of the CombiMatrix Group and the Acacia Technologies Stock, when issued, shall be considered issued in respect of the Acacia Technologies Group.
No provision of this Agreement will be construed (a) to limit the right of Acacia, any member of the Acacia Group, CombiMatrix or any member of the CombiMatrix Group to amend any plan or terminate their plans, or (b) to create any right or entitlement whatsoever in any employee, former employee or beneficiary including a right to continued employment or to any benefit under a plan or any other benefit or compensation.
CombiMatrix will cause to be performed and hereby guarantees the performance of all actions, agreements and obligations set forth herein to be performed by any member of the CombiMatrix Group.
The party responsible for making the Compensation Payments pursuant to the Employee Matters Agreement shall withhold applicable Taxes and satisfy applicable Tax reporting obligations in connection with the Compensation Payments made to all CombiMatrix Group Employees and Former Employees.
As of the Time of Distribution, CombiMatrix maintains the CombiMatrix Retirement Savings Plan, in which employees of the CombiMatrix Group are eligible to participate.
Prior to or as promptly as practicable after the Time of Distribution, Acacia shall deliver to CombiMatrix all minute books and other records of meetings of the Board of Directors, committees of the Board of Directors and stockholders of the CombiMatrix Group and all corporate books and records of the CombiMatrix Group in its possession, including, in each case, all active agreements and active litigation files.
All Liabilities retained or assumed by or allocated to CombiMatrix or any member of the CombiMatrix Group pursuant to this Agreement will be deemed to be solely the Liabilities of CombiMatrix, and all Liabilities retained or assumed by or allocated to Acacia or any or any member of the Acacia Group pursuant to this Agreement will be deemed to be solely the Liabilities of Acacia, and, in each case, will be subject to the indemnification provisions set forth in Article IV of the Distribution Agreement.
On or promptly after the Time of Distribution, CombiMatrix will take such actions as may be required to change the names of all employee benefit plans sponsored or maintained by CombiMatrix or any member of the CombiMatrix Group to eliminate therefrom any reference to “Acacia”, “Acacia Research”, “Acacia Technologies” or any derivative thereof.
Notwithstanding the foregoing provisions of this Section 2.4(a)(i), the Corporation shall redeem shares of a class of Common Stock as provided by Section 2.4(a)(i)(1)(B)(I) or (II) only if the amount to be paid in redemption of such stock is less than or equal to the CombiMatrix Group Available Dividend Amount as of the Redemption Date.
CombiMatrix will cause all of its employees and directors and all of the employees and directors of each other member of the CombiMatrix Group to resign, effective not later than the Time of Distribution, from all boards of directors or similar governing bodies of Acacia or any other member of the Acacia Group on which they serve, and from all positions as officers of Acacia or any other member of the Acacia Group in which they serve, except as otherwise specified on Schedule 2.05.