Intel definition
Examples of Intel in a sentence
Subject to the rights of the SL Partners and the Intel Partners to appoint, remove and replace Directors in accordance with Article IV, nothing in this Agreement shall confer upon any Person any right to continue in the service of any Company Entity (or any Affiliate thereof) for any period of time or restrict in any way the rights of any Company Entity to terminate any such Person’s employment or directorship at any time for any reason whatsoever, with or without cause.
To the maximum extent permitted by Applicable Law, any fiduciary duty or obligation of confidentiality that such Intel Director or Investor Director may otherwise owe to the Company or the Partners with respect to such disclosure is hereby unconditionally and irrevocably waived by the Company and the Partners, and the Company and the Partners expressly agree that no Intel Director or Investor Director shall have any liability for any such disclosure.
Any dispute arising out of or relating to Intel’s approval rights pursuant to Section 4.13 shall be escalated to an ad hoc committee comprised of two (2) senior representatives of Intel, on the one hand, and two (2) senior representatives of the SL Partners, on the other hand, who shall use reasonable efforts to attempt to achieve mutually satisfactory resolution within five (5) days.
The Company and the Partners acknowledge and agree that any Intel Director or Investor Director may disclose to the Intel Partners and the SL Partners, respectively, any information received in his or her capacity as a Director, including the Company’s annual budget for any Fiscal Year.
The Company Representative shall reasonably determine in good faith the portion of an Imputed Underpayment Amount attributable to each Partner and/or former Partner and shall consult in good faith with the Intel Partners and the SL Partners regarding such determination.