EMEA Business definition
Examples of EMEA Business in a sentence
The Parties agree to take such actions, after the date hereof and as are necessary to establish whether or not the sale and purchase pursuant to this Agreement will constitute a relevant transfer for each of the EMEA Business Employees identified in Schedule 9.3(c), as delivered and updated in accordance with Section 9.3(a) and any additional EMEA Business Employees as provided for in Section 9.3(c)(iii)(E) (the “ARD Business Employees”) under Applicable Employment Law in each relevant jurisdiction.
Except as otherwise provided herein, the Parties agree to take such actions, after the date hereof, as are necessary to cause the relevant transfer of those certain EMEA Business Employees identified on the certificate described in Section 9.3(c)(iii)(B) (“EMEA Transferred Business Employees”).
For the avoidance of doubt, this Section 9.3(g)(ii) shall not apply to any EMEA Transferred Business Employees or, to the extent required by applicable law, any EMEA Business Employees.
All material Taxes due and payable with respect to the Assets and the Business (excluding the EMEA Business) have been timely paid.
For a period of two (2) months following the Closing, the Parties shall reasonably cooperate with each other and correct any mistakes in the identification of any EMEA Business Employees for purposes of this Agreement.
The EMEA Sellers, the Joint Administrators, the Joint Israeli Administrators and the Purchaser will enter into the EMEA Asset Sale Agreement providing, inter alia, for the sale to the Purchaser (or the EMEA Designated Purchasers) of the EMEA Business.
To the Knowledge of the Sellers, except for the Bankruptcy Proceedings, there is no outstanding Order to which the Sellers are subject in respect of the Business (excluding the EMEA Business) or the Assets, nor are any of the Sellers in default with respect to any such Order.
Except as otherwise provided herein, the Applicable Buyer Affiliate shall offer employment commencing on the Business Day immediately following the Closing to those EMEA Business Employees identified on the certificate described in Section 9.3(c)(iii)(C) (“EMEA Offered Business Employees”).
Subject to Section 4.12(i), all material Taxes due and payable with respect to the Assets and the Business (excluding the EMEA Business) have been timely paid.
VII prevents the Managing Director form acquiring an interest of 5% or less in any competitor of the partnerships or companies carrying out the AVNET EMEA Business.