Foreign Venture definition
Examples of Foreign Venture in a sentence
Institutions a) Mutual Funds - 500 500 0.01 - 500 500 0.01 - b) Banks / FI 50 4200 4250 0.05 50 4200 4250 0.05 - c) Central ▇▇▇▇ - - - - - - - - - ▇) ▇▇▇▇▇ Govt(s) - - - - - - - - - e) Venture Capital Funds - - - - - - - - - f) Insurance Companies - - - - - - - - - g) FIIs - - - - - - - - - h) Foreign Venture - - - - - - - - - Capital Funds i) Others (specify) - - - - - - - - - Demat Physical Total % of Total shares Demat Physical Total % of Total shares 2.
With respect to any Non-U.S. Employee on approved leave of absence as of the Effective Time, the only obligation of the appropriate Foreign Venture Entity shall be to offer employment to such Non-U.S. Employee at the end of such leave of absence if, and only if, such Foreign Venture Entity has an available employment position for such employee at the time such leave terminates, except as otherwise provided under local laws, statutes or regulations.
Expatriates, ICs and Foreign Employees who are employees of the Foreign Venture Entities as of the Effective Time shall participate in the appropriate Foreign Venture Entities pension and profit sharing plans as provided in Section 4.7. Subject to any restrictions under applicable law, such plans shall provide that the service of Expatriates, ICs and Foreign Employees with the previously employing party or its subsidiary or affiliate shall be credited for vesting and eligibility purposes.
Except as otherwise agreed to in such written leases or other documents, Schlumberger may terminate, without liability, any such arrangement on 180 days' prior written notice to the appropriate Foreign Venture Entity.
The prorations and adjustments made hereunder with respect to real and personal property taxes relating to property being transferred to the Foreign Venture Entities by Schlumberger or any of its subsidiaries hereunder shall be based upon the accruals for such taxes.
If after the Effective Time Schlumberger updates the benefits under an Unassumed Foreign Plan, then the Former Schlumberger Employee's benefit under such plan will be increased by Schlumberger in the same manner as a similarly-situated, active employee participating in such plan, provided such employee is employed with a Foreign Venture Entity or an affiliate as of the effective date of the change.
Notwithstanding the foregoing, if the Notes are converted after the close of business on any Regular Record Date and prior to the open of business on the immediately following Interest Payment Date, Holders of the Notes at the close of business on such Regular Record Date will receive the interest payable on such Notes on the corresponding Interest Payment Date notwithstanding the conversion.
Further, benefits payable, if any, under the applicable Unassumed Foreign Plan shall be determined in accordance with the provisions of such plan as in effect on the Effective Time, except that the participants of such plans shall be credited under the applicable Unassumed Foreign Plan with their period of employment with a Foreign Venture Entity for purposes of vesting and for determining the date such employee may first commence payment of benefits under such Unassumed Foreign Plan.
The liabilities reflected on Exhibit 2.4-2, as supplemented by the Closing Statement related to Schlumberger, and the liabilities related to the performance of the contracts and agreements of the non-U.S. Drilling Fluids Business of Schlumberger, including those set forth on Exhibit 2.4-1, as supplemented by the Closing Statement related to Schlumberger, and only those liabilities (the "Schlumberger Assumed Liabilities"), shall become liabilities of the Foreign Venture Entities as of the Effective Time.
The transfer of a Former Schlumberger Employee from a Foreign Venture Entity to Smit▇ ▇▇ any of Smit▇'▇ ▇▇▇isions, subsidiaries or affiliates shall be deemed to be a termination of employment for purposes of the Unassumed Foreign Plans.