Executive Affiliates definition

Executive Affiliates means, with respect to an Executive, (i) Executive, (ii) his wife, (iii) any business entity in which Executive owns or controls more than a majority of the economic ownership interests in the equity of such entity and has the power to elect a majority of directors of such entity or otherwise has, directly or indirectly, actual control over the business and operations of such entity, (iv) any beneficiary of the Shareholder Trust other than Executive and his wife, but solely to the extent such beneficiary receives a distribution of shares of the Parent’s Class A Common Stock or any Related Common Stock from the Shareholder Trust and (v) any trust other than the Shareholder Trust of which Executive and/or his wife is the grantor and the sole beneficiaries of which are comprised solely of the group consisting of Executive, his wife and Any Permitted Holder.
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Examples of Executive Affiliates in a sentence

  • The Executive will be permitted to continue to conduct oil and gas activities (including participation in new ▇▇▇▇▇) directly or through the Executive Affiliates, but only to the extent such activities are conducted on oil and gas leases or interests which the Executive or Executive Affiliates owned or had the right to acquire as of the date of this Agreement or which the Executive or the Executive Affiliates acquired from the Company under the Prior agreements (collectively, the “Prior Interests”).

  • The Executive shall be permitted to continue to conduct such activities by, through, and under the Executive Affiliates.

  • If the foregoing clause (a) is applicable to a Program Well, then the Company will assign or allocate to the Executive or the designated Executive Affiliate a unit working interest in the Program Well sufficient to cause the Executive and the Executive Affiliates' combined interest in such Program Well to equal the Acquisition Percentage (including in such computation any Prior Interests).

  • During the Employment Period and thereafter, Parent, Employer and their respective Subsidiaries shall not directly or indirectly through another entity make any public statement that is intended to or could reasonably be expected to disparage the Executive or Executive Affiliates.

  • The Executive, on his own behalf and on behalf of the Executive Affiliates, hereby releases and covenants not to sue for, collect or ▇▇▇erwise recover any amount against the Company or its Assigns for any Executive Claim, other than amounts set forth in Sections 1.6, 1.7 and 2.9, or against any Company Affiliate (other than Assigns) for any Executive Claim.

  • The Executive's and the Executive Affiliates' sole remedy shall be against the Company (or any assignee or successor to all or substantially all the assets of the company or any transferee in receipt of material assets of the Company transferred in fraud of creditors (collectively, "Assigns")) for any Executive Claim (defined below).

  • The Company and the Executive agree that the Executive may, upon written notice to the Company, amend, modify, and replace Exhibit "B" to this Agreement at any time or from time to time, in their sole and absolute discretion, to more accurately reflect a then-current listing of the Executive Affiliates.

  • The Executive and the Executive Affiliates shall have no claim or right of any nature whatsoever against any of the Company's or any if the Subsidiaries' directors, officers, employees, direct and indirect stockholders, owners, trustees, beneficiaries or agents, irrespective of when any such person held such status (collectively, the "Company Affiliates") (other than Assigns) arising out of any Executive Claim.

  • The Executive has in the past conducted oil and gas activities individually and through TLW Investments Inc., TLW Production Company and other entities owned or controlled by the Executive (collectively, the "Executive Affiliates").

  • The legal doctrines of “corporate opportunity,” “business opportunity” and similar doctrines shall not be applied to any of Executive’s business dealings by, through, with, or under the Executive Affiliates.

Related to Executive Affiliates

  • Affiliated Companies shall include any company controlled by, controlling or under common control with the Company.

  • Affiliated Entities means any legal entity, including any corporation, limited liability company, partnership, not-for-profit corporation, estate planning vehicle or trust, which is directly or indirectly owned or controlled by the Stockholder or his or her descendants or spouse, of which such Stockholder or his or her descendants or spouse are beneficial owners, or which is under joint control or ownership with any other person or entity subject to a lock-up agreement regarding the Common Stock with terms substantially identical to this Agreement.

  • Related Companies means the companies within the meaning of Article L. 225-197-2 of the French Commercial Code or any provision substituted for same.

  • Associated Companies : means any agent with delegated authority under Section 20 of these Terms and Conditions.

  • Restricted companies means companies that boycott Israel.