NGH definition
Examples of NGH in a sentence
The actions about which the plaintiff complains stem from a decision made in 1999 by RJR Nabisco Holdings Corp., subsequently renamed Nabisco Group Holdings Corp., referred to as NGH, to spin off RJR, thereby separating NGH’s tobacco business and food business.
In his complaint, the plaintiff requests, among other things, that the court require the defendants to pay as damages to the RJR 401(k) plan an amount equal to the subsequent appreciation that was purportedly lost as a result of the liquidation of the NGH and Nabisco funds.
In December 2004, the U.S. Court of Appeals for the Fourth Circuit reversed the dismissal of the complaint, holding that the 1999 Amendment did contain sufficient discretion for the defendants to have retained the NGH and Nabisco funds as of February 1, 2000, and remanded the case for further proceedings.
In consideration of the compensation and benefits continuance available pursuant to this Agreement, upon an Involuntary Termination prior to, or after the second anniversary of, a Change of Control the Executive agrees to execute a release, in form and substance reasonably acceptable to the Executive and the Company, releasing the Company, NHC and NGH from all claims and liabilities relating to such Termination and the Company's employment of the Executive.
The plaintiff contends that the defendants breached their fiduciary duties to participants of the RJR 401(k) plan when the defendants removed the stock funds of the companies involved in the food business, NGH and Nabisco Holdings Corp., referred to as Nabisco, as investment options from the RJR 401(k) plan approximately six months after the spin-off.
If the Services Fee is increased, NGH shall promptly pay to Nabisco the amount necessary to cover such increase.
The plaintiff asserts that a November 1999 amendment (the “1999 Amendment”) that eliminated the NGH and Nabisco funds from the RJR 401(k) plan on January 31, 2000, contained sufficient discretion for the defendants to have retained the NGH and Nabisco funds after January 31, 2000, and that the failure to exercise such discretion was a breach of fiduciary duty.
To be eligible for such leave, the applicant must have been employed by the Board for a period of at least twenty (20) weeks in the preceding fifty-two (52) weeks prior to the date of the commencement of the leave.
NGH represents and warrants that this Agreement has been duly authorized by its Board of Directors, including its Independent Director, and that this Agreement is binding and enforceable against it in accordance with its terms.
NGH covenants and agrees to submit this Agreement to its stockholders for ratification at its next stockholders meeting.