Netplex definition
Examples of Netplex in a sentence
Netplex hereby agrees to notify DSA in writing within five (5) calendar days of it learning of the occurrence of any of the events described in this paragraph.
The addresses for such communications shall be: If to the Company: The Netplex Group, Inc.
The addresses and facsimile numbers for such communications shall be: If to the Company: The Netplex Group, Inc.
Seller and Netplex agree that the viaLink business is defined as substantially building, marketing and implementing proprietary software products, information content and related services to facilitate electronic commerce.
Netplex shall keep Seller informed of all material operational matters and business developments with respect to the Business and its markets, including any competitive changes.
Employee shall be eligible to receive quarterly bonuses based on the Net Profit of AIG, a Division of Netplex (as "Net Profit" is defined in said Earn-Out Agreement.) Employee's quarterly bonus will equal three percent (3%) of the quarterly Net Profit, plus an additional one and one-half percent (1.5%) of the Net Profit above the quota for the quarter.
Netplex shall deliver and pay to the Escrow Agent (i) the Cash Consideration of Three Million Dollars ($3,000,000) in certified funds or bank wire transfer to an account designated by the EscrowAgreement, less the amounts loaned to Seller under Section 5.1.3 below; (ii) a stock certificate representing the number of shares of Netplex Preferred Stock as calculated below; (iii) the Certificate of Designation of the Preferred Shares.
During his employment, the Employee shall not knowingly engage, and shall not knowingly solicit any employees of Netplex, or its subsidiaries or other affiliates to engage, in any commercial activities which are in any way in competition with the activities of Netplex, or which in any way materially interfere with the performance of his duties or responsibilities to Netplex.
Borrower is a wholly- owned subsidiary of The Netplex Group, Inc.
Subject to the limitations set forth in paragraph 2(A) of this Agreement, Employee acknowledges that Netplex may assign its obligations under this agreement to a Netplex subsidiary without the consent of Employee, provided however that the assignee agrees to be bound by the terms and conditions of this agreement; and provided further that Netplex in the event of any such assignment shall not be relieved of its obligations under this Agreement.