ITT Destinations definition

ITT Destinations means ITT Destinations, Inc., a Nevada corporation, to be renamed "ITT Corporation" immediately prior to the Effective Time.

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ITT Destinations means ITT Destinations, Inc., a Nevada corporation, together with its Subsidiaries, to be renamed "ITT Corporation" in connection with the Distribution, and referred to in the Proxy Statement as "New ITT".

ITT Destinations shall have the meaning assigned to such term in the preamble to this Agreement.

Examples of ITT Destinations in a sentence

This License Agreement may be assigned by Licensor to ITT Destinations or any other company which hereafter owns the ITT Marks and ITT Name.
In no event shall the ITT Hartford Retirement Plan be required to recognize any enhanced service benefits that might be provided on and after the Distribution Date under the ITT Salaried Retirement Plan or the ITT Destinations Salaried Retirement Plan.
In connection with the Distribution, ITT Destinations changed its name to ITT Corporation.
Neither ITT Hartford, nor any of the ITT Hartford Sublicensees shall use the ITT Name or ITT Marks for any product or service, or with or for any entity, in the ITT Destinations Business or the ITT Industries Business.
To the extent ITT Destinations or ITT Hartford makes payment in respect of this guarantee, it will have a right of contribution from the nonpaying guarantor of 50% of the payment made.
Without limiting the foregoing, ITT, ITT Destinations and ITT Hartford shall use their commercially reasonable efforts to obtain all consents and approvals, to enter into all amendatory agreements and to make all filings and applications that may be required for the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements, including, without limitation, all applicable governmental and regulatory filings.
ITT Destinations owns all worldwide right, title, and interest in and to the ITT Name and the ITT Marks.
ITT Destinations acknowledges that, following the Distribution, it will retain all liability with respect to such plans maintained by ITT Sheraton.
With respect to each cancelled ITT stock award, the number and exercise price of substitute stock awards granted under the ITT Destinations Stock Plan or the ITT Hartford Stock Plan with respect thereto, and the other terms and conditions of the substitute stock awards, shall be equitably determined to preserve the economic value of the cancelled ITT stock award.
ITT Destinations shall cause all its employees to resign, effective as of the Effective Time, from all positions as officers of ITT Hartford or as officers or directors of any Subsidiary of ITT Hartford in which they serve.

More Definitions of ITT Destinations

ITT Destinations means ITT Destinations, Inc., a Nevada corporation.

ITT Destinations means ITT Destinations, Inc., a Nevada

ITT Destinations means ITT Destinations, Inc., a Nevada corporation. (k) "ITT Destinations Business" shall mean all business not specifically included within the Retained Business. (l) "Distribution Time" shall have the meaning set forth in the Destinations Distribution Agreement. (m) "ITT Information Services" shall mean (a) ITT Corporation, a Nevada corporation after the Destinations Distribution or (b) ITT Information Services, Inc., after ITT Corporation changes its corporate name in accordance with Section 6.07 of the Destinations Distribution Agreement and Section 2.02 of this IP Agreement. (n) "ITT Name" shall mean the worldwide rights to that portion of any company and trade name consisting of the letters "ITT" and the goodwill associated therewith. (o) "ITT Marks" shall mean the worldwide rights to all trademarks and service marks consisting of the letters "ITT", either alone or in combination with other words, together with all registrations thereof and all applications thereof now or hereafter filed or obtained, and the goodwill associated therewith. (p) "ITT Sheraton" shall mean, prior to the Sheraton Merger, ITT Sheraton, and upon consummation of the Sheraton Merger, ITT Destinations, or any successor to ITT Destinations. (q) "Permitted Manner of Use" shall mean use of the ITT Name and the ITT Marks in accordance with all legal requirements and also with ITT Sheraton's policy and style standards as currently existing and as may be reasonably amended from time to time by ITT Sheraton. (r) "Phaseout Period" shall mean a period of three (3) months from the termination of that portion of this IP Agreement relating to the ITT Name and ITT Marks during which period all use of the ITT Name and ITT Marks by ITT Information Services and its Subsidiaries, as the case may be, shall be phased out in accordance with the provisions of this IP Agreement. (s) "Retained Business" shall have the meaning set forth in the Destinations Distribution Agreement. (t) "Service Mark ▇▇▇ense Agreement" shall mean the Trade Name and Service Mark ▇▇▇ense Agreement that forms Exhibit B-2 of the Destinations Distribution Agreement and executed contemporaneously with this IP Agreement. (u) "Subsidiary" shall mean any corporation, partnership or other entity of which another entity (i) owns, directly or indirectly, ownership interests sufficient to elect a majority of the Board of Directors (or persons performing similar functions) (irrespective of whether at the time any other class or classe...