Crown entity definition
Examples of Crown entity in a sentence
Crown agrees and acknowledges that Crown shall be responsible for the performance by each Crown Entity of the obligations hereunder applicable to such Crown Entity.
Access to Crown Entity restricted areas and sources of information must be made only upon authorization by Crown’s Executive Vice President of Research and Development (or a designee) for any third person or party who is not an employee, counsel, contractor, consultant or vendor of Crown with a project-related need to such access and who has not executed a confidentiality agreement which conforms to the requirements of section 8 above concerning confidentiality.
In lieu of the then existing Non-Dedicated Equipment, the applicable Crown Entity may, in its sole discretion, from time to time make available to the Key Individuals equivalent alternative equipment, which equipment shall be deemed to be Non-Dedicated Equipment.
All activities by any of the Crown Entities hereunder shall be carried on by such Crown Entity as an independent contractor and not as an agent for Constar or any other Constar Entity.
The Key Individuals shall, subject to the terms of this Agreement and the Benefits Allocation Agreement, at all times remain employees of the applicable Crown Entity, or one of its Affiliates, and shall remain subject to the applicable Crown Entity’s policies applicable to its employees.
During the Term, and during the Commitment Period for each Key Individual set forth on Schedule A (the “Commitment Period”), the applicable Crown Entity under whose name such Key Individual is listed on Schedule A shall make such Key Individual available to provide such support and assistance to Constar, Inc.
The applicable Crown Entity shall from time to time provide Constar, Inc.
This Agreement shall not be assignable, except that (i) a Crown Entity may, after giving notice to Constar, Inc., assign its rights and obligations under this Agreement; provided, that a Crown Entity shall not assign its rights and obligations under this Agreement to a competitor of Constar, Inc.
Within 30 days after the end of each calendar month during the Term, the applicable Crown Entity shall provide Constar, Inc.
In the event that a Key Individual ceases to be an employee of the applicable Crown Entity for any reason, the Commitment Period for such Key Individual shall end; provided, that if such Key Individual is replaced pursuant to this Section 2.1, the replacement Key Individual shall assume the balance of the replaced Key Individual’s Commitment Period.