Microtest definition

Microtest means Microtest and any other entity in which it owns directly or indirectly 50% or more of the equity interest, including without limitation Logicraft Information Systems, Inc. and Optical Media International.
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Microtest means Microtest as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise.
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Microtest as used herein shall mean such other corporation or entity, and this Agreement shall continue in full force and effect.
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Examples of Microtest in a sentence

  • The Company represents that the Asset Purchase Agreement by and between Microtest, Inc.

  • If no single transaction results in the Change of Control, or if the parties to such transaction do not expressly agree to a value to be assigned to the Microtest stock for purposes of such transaction, the Deal Value of the Microtest stock shall be the value that the Committee determines to be the inherent value of the Microtest stock as of the date on which the Change of Control occurs.

  • The Option Payment for each share of stock subject to an Existing Option will be an amount equal to the Deal Value of the Microtest stock less the option price for such share as designated in the relevant option agreement.

  • EMIS Web, TPP, Vision and Microtest are secure online patient systems that are used across most of the UK.

  • All amounts payable by Microtest in accordance with this Agreement shall be paid without notice or demand.

  • The film thickness readings shall be made with a General Electric, Elcometer, Microtest, or other approved gage in accordance with the manufacturer's instructions.

  • Microtest's obligation to pay you the compensation and to make the arrangements in accordance with the provisions herein shall be absolute and unconditional and shall not be affected by any circumstances; provided, however, that Microtest may apply amounts payable under this Agreement to any debts owed to Microtest by you on your Termination Date.

  • For purposes of this Section, the "Deal Value" of the Microtest stock is the value placed on the Microtest stock by the parties for purposes of the transaction that results in the Change of Control.

  • The Company hereby grants to Officer the right and option (hereinafter referred to as the "Option") to purchase an aggregate of 200,000 shares (such number being subject to adjustment as provided in paragraph number 12 hereof) of Microtest Common Stock (the "Stock") on the terms and conditions herein set forth.

  • This Agreement is effective immediately and will continue in effect as long as you are actively employed by the Company, unless you and Microtest agree in writing to its termination.