IR Germany definition
Examples of IR Germany in a sentence
Except as set forth in Schedule 3.12, no early retirement arrangement (“Vorruhestandsvereinbarung”) or old age part-time arrangement (“Altersteilzeitvereinbarung”) is in place with respect to any Business Employee of IR Germany, and none of the Business Employees of IR Germany has the right to enter into any such early retirement or old age part-time arrangement.
Each of the Parties agrees to use their commercially reasonable efforts to mutually agree, as soon as practicable after the date hereof, on the scope of the Phase II Reports; provided, that the Phase II Report for the Krefeld Property will be conducted in a manner consistent with the obligations of IR Germany Holdings GmbH in connection with the Krefeld Property and on the same basis as the Phase II environmental site assessment report previously conducted by IR Germany Holdings GmbH.
The Seller shall furthermore undertake all reasonable efforts to terminate and wind up the fiscal unity for German Value-Added Tax purposes between IRBet and IR Germany as of the Closing Date and the Parties shall cooperate as appropriate to this end.
IR Germany has not agreed to any kind of job guarantee (“Arbeitsplatzgarantie”) or workplace guarantee (“Standortgarantie”) in respect of any Business Employee or Former Employee.
The Parties recognize that IRBet is, pursuant to German civil law, entitled to receive from IR Germany any pre-tax profits up until the Profit Sharing Termination Date, and is required to compensate IR Germany for any losses accounted for by IR Germany during 2007.
The Tax indemnity provided under this Section 5.6(a) shall cover any Tax liability of IR Germany or the Buyer resulting from the Sellers’ non-compliance with its obligations related to the delivery of a Transfer Pricing Report pursuant to Section 5.22.