FS Business definition

FS Business means the fastening systems business of the Parent and its Subsidiaries as presently or formerly conducted, including the business of manufacturing, assembling and selling fasteners and fastening technology and related supply chain management services, but except as otherwise expressly stated shall not include the Excluded FS Businesses.
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Examples of FS Business in a sentence

  • Parent shall ensure that each Transferred Employee will be an employee whose primary employment duty will be the performance of services for the FS Business and whose entire salary will have been directly charged to the FS Business immediately prior to the Closing.

  • Purchaser shall, and shall cause the FS Subsidiaries to, preserve, until at least the seventh anniversary of the Closing Date, all pre-Closing Date records possessed or to be possessed by Purchaser or its Subsidiaries relating to the FS Business or the FS Subsidiaries.

  • Purchaser has conducted its own independent review and analysis of the FS Business and the FS Subsidiaries.

  • Buyer acknowledges that Seller also has a "full-service" business (the "FS Business"), the assets of which are not being acquired by Buyer, as such assets are not used in the Acquired Business, and which Buyer acknowledges that the Seller is concurrently selling to another party (the "FS Buyer").

  • The term “Business Day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close.

  • If the employee is maintained in her new position at the end of her initiation and trial period, she is deemed, at that time, to meet the normal requirements of the job related to the position obtained.

  • The Audited Segment Financial Statements have been prepared in conformity with GAAP and present fairly in all material respects the combined financial position of the fastening systems segment of Parent, of which the FS Business is a part.

  • Attached hereto as Schedule H-1 are the audited combined balance sheets of the fastening systems segment of Parent, of which the FS Business is a part, as at January 3, 2004, January 1, 2005 and December 31, 2005, and the related audited combined statements of operations, changes in net worth and cash flows for each of the fiscal years then ended (herein referred to as the "Audited Segment Financial Statements").

  • The Company and its Subsidiaries have paid in full to all FS Business Employees all wages, salaries, commissions, bonuses, benefits and other compensation due to such employees and neither the Company nor any of its Subsidiaries is liable for any severance pay or other payments to any FS Business Employee or former FS Business Employee arising from the termination of employment.

  • Since January 1, 2005 through and including the date hereof, the FS Business has not been affected by any transaction or engaged in lay-offs or employment terminations sufficient in number to trigger the application of any plant closing Law similar to the WARN Act.