Genevac definition

Genevac means Genevac Limited, a corporation organized, existing and doing business under and by virtue of the laws of the United Kingdom, with its offices and principal place of business located at The Sovereign Center, Farthing Road, Ipswich IP1 5AP, United Kingdom; and Genevac Inc., a corporation organized, existing and doing business under and by virtue of the laws of the State of New York, with its offices and principal place of business located at 707 Executive Boulevard, Suite D, Valley Cottage, New York 10989, and their joint ventures, subsidiaries, divisions, groups, and affiliates controlled by either Genevac Limited or Genevac Inc.
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Examples of Genevac in a sentence

  • Furthermore, it contains measures designed to ensure that no material confidential information is exchanged between Thermo and Genevac (except as otherwise provided in the Consent Agreement) and provisions designed to prevent interim harm to competition in the high-performance CVE market.

  • Pursuant to the Consent Agreement, Thermo is required to divest Genevac to a Hold Separate Trustee who is charged with the duty of monitoring Thermo’s compliance with the Consent Agreement.

  • Third, the Consent Agreement prohibits Thermo from soliciting Genevac employees for at least a year after the divestiture of Genevac.

  • Second, so that key Genevac employees stay with Genevac through the divestiture process, the Consent Agreement requires Thermo to implement and fund a retention plan for key employees.

  • In order to ensure that the Commission remains informed about the status of the Genevac business pending divestiture, and about the efforts being made to accomplish the divestiture, the Consent Agreement requires Thermo to file periodic reports with the Commission until the divestiture is accomplished.

  • The Consent Agreement contains several further provisions designed to help ensure that the divestiture of Genevac is successful.

  • In the event that Thermo does not divest Genevac within the five-month time period, the Consent Agreement allows the Commission to appoint a trustee to divest Genevac.

  • The Consent Agreement effectively remedies the anticompetitive effects that are likely to occur as a result of the proposed transaction on the high- performance CVE market by requiring Thermo to divest Genevac, ▇▇▇▇▇▇’▇ stand alone CVE subsidiary.

  • Pursuant to that order, the Commission has appointed ▇▇▇▇▇ ▇▇▇▇ as Hold Separate Trustee to oversee Genevac prior to its divestiture and to ensure that Thermo complies with its obligations under the Consent Agreement.

  • The Order to Hold Separate and Maintain Assets (‘‘Hold Separate Order’’) that is included in the Consent Agreement requires that Thermo hold separate and maintain the viability of Genevac as a competitive operation until the business is transferred to the Commission-approved acquirer.