OWM definition
Examples of OWM in a sentence
Upon Executive’s termination of Employment for any of the reason cited above, then and in such event, Executive shall automatically cease to be an officer and/or director of the Company and OWM Public and their Affiliates as of his Termination Date of employment.
The Company may assign this Agreement to any affiliate or successor that acquires all or substantially all of the assets and business of the Company or a majority of the voting interests of the Company, expressly including OWM Public which is hereby declared a third-party beneficiary of this Agreement.
The CAP shall be implemented in accordance with an order of approval issued by the OWM.
Executive’s base salary shall be $670,000.00 per year payable monthly (or more frequently) beginning on the effective date of OWM Public’s initial public offering, with annual increases, if any, thereafter, as may be determined in the sole discretion of the Committee (“Base Salary”).
Incorporates the SINTEF OIL Weathering MODEL (OWM) and Deep Blow models.
The covenants, rights, and obligations of the Parties set forth in Section 5 (OWM Dealers and OWM Subscriptions), Section 7 (Records and Audit), Section 12 (Confidentiality), and Section 16 (Insurance) shall survive the Closing or termination or expiration of this Agreement for the period contemplated therein.
However, EZJR agrees to assume the following liabilities of OWM and LEF: 1) estimated unpaid payroll taxes of $6,675 plus estimated late fees of $1,033; 2) remaining Administrative fees and other fees owed under an Assurance of Voluntary Compliance pursuant to the Fair Business Practice Act with the State of Georgia of approximately $10,000; 3) refund of $1,500 due California customer; and 4) and the $25,000 Note plus interest owed to ▇▇▇▇ ▇▇▇▇▇.
OWM shall send an invoice for any such costs and expenses, and TVP shall pay such amounts within fifteen (15) days of the date of the invoice.
TVP acknowledges and agrees that it shall be solely responsible for any and all costs, expenses, and compensation related to its own Personnel’s participation in the training or utilization of technical support provided by OWM, including but not limited to salaries, benefits, travel, accommodations, and any other expenses incurred by TVP or its Personnel in connection therewith.
TVP shall reimburse OWM for all reasonable expenses incurred by OWM in connection with the preparation, filing, prosecution, registration, and/or maintenance of such rights in and to the Licensed Intellectual Property after the Effective Date.