CTM Group definition
Examples of CTM Group in a sentence
From and after the Effective Time, no current or former employee of any member of the CTM Group shall have any authority to access, control or sign in connection with any IDT Account other than those who will be authorized IDT employees.
As of the Effective Time, members of the CTM Group shall cease to be participating companies in the IDT 401(k) Plan, each CTM Group Employee shall cease to accrue any benefits under the IDT 401(k) Plan, and each CTM Group Employee shall be treated as having incurred a severance from employment under the IDT 401(k) Plan as of the Effective Time, making each CTM Group Employee eligible for a distribution under the IDT 401(k) Plan of his or her entire account balance.
As of the Effective Time, CTM Group Employees participating in the IDT 401(k) Plan shall become vested in their entire account balances under the IDT 401(k) Plan.
Nothing contained in this Agreement, express or implied, is intended to confer any benefits, rights or remedies upon any Person other than members of the IDT Group and the CTM Group and the IDT Indemnitees and CTM Indemnitees under Article VI hereof.
Effective no later than January 1, 2010, CTM shall adopt, for the benefit of eligible CTM Group employees, CTM Welfare Plans in form and substance substantially similar to the IDT Welfare Plans maintained as of the day immediately prior to the Distribution Date.
As soon as reasonably practicable, CTM shall permit CTM Group Employees to elect a direct rollover of cash from the IDT 401(k) Plan into the CTM 401(k) Plan.
Eligible CTM Group Employees shall be eligible to continue participating under the IDT Welfare Plans as provided under the terms of the Master Services Agreement until the earlier of (i) the effective date of the CTM Welfare Plans and (ii) December 31, 2009.
Each Intercompany Account outstanding immediately prior to the Effective Time, in any general ledger account of IDT, CTM or any of their respective Affiliates, shall be satisfied and/or settled by the relevant members of the IDT Group and the CTM Group no later than the Effective Time by capitalization of the entire balance of the amounts payable or receivable to/from the respective entities.
Royalty payments shall be tendered by Med Close to CTM at the following address: CTM Group, Inc., ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, or at such other address as CTM or its assigns may provide Med Close in writing from time to time.
Royalty payments shall be tendered by ▇▇▇ to CTM at the following address: CTM Group, Inc., ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, or at such other address as CTM or its assigns may provide ▇▇▇ in writing from time to time.