OMAX definition
Examples of OMAX in a sentence
As of the date hereof, 1,866,500 Company Common Shares are reserved for issuance under the OMAX Corporation 2005 Stock Option Plan, including carryover from the issuance of options for Company Common Shares are reserved for issuance under the OMAX Corporation 1993 Stock Option Plan (together, the “Incentive Plans”).
Such license includes the right to make, have made, use, sell, or import products that are covered by any claim of the OMAX patents, and to authorize the use or resale by others of products made by or for Flow and/or its Affiliates that are covered by any claim of the OMAX patents.
Licensee shall not represent directly or indirectly that any product it makes or sells pursuant to this License is made or endorsed by Flow International Corporation or OMAX Corporation.
From the Effective Date through the Period of Employment, the Executive shall be employed as President, OMAX, with the responsibility to lead the Company’s segment for Company’s standard systems, as well as serving as President of the Seller and as a board member for Seller.
Parties Except as expressly provided, This Settlement Agreement is made for the sole benefit of Flow and OMAX and no other persons or entities shall have any benefits or rights or remedies in or by reason of this Settlement Agreement, or by reason of any actions or inactions taken by the Parties hereto.
OMAX grants to Flow and its Affiliates a worldwide, irrevocable, non-assignable, non-exclusive, paid-up license to practice each and every claim of the OMAX patents.
For purposes of this Section 2, “Funded Debt” shall mean, as of the end of any fiscal quarter of Borrower, Borrower’s Consolidated Funded Indebtedness minus the OMAX Subordinated Debt.
OMAX and Flow, respectively, are the owners of the certain patents identified below in Recital C all of which were asserted in litigation between the two companies.
Parent, Orange Acquisition Corporation, a Washington corporation wholly-owned by Parent (“Sub”), OMAX Corporation, a Washington corporation (“Company”), and the Shareholders’ Representative have entered into an Agreement and Plan of Merger dated as of [ ], 2008 (the “Merger Agreement”), setting forth certain terms and conditions under which Sub will merge with and into Company, with Company surviving as a wholly-owned subsidiary of Parent.
Except as expressly provided, This Settlement Agreement is made for the sole benefit of Flow and OMAX and no other persons or entities shall have any benefits or rights or remedies in or by reason of this Settlement Agreement, or by reason of any actions or inactions taken by the Parties hereto.