PDH Group definition
Examples of PDH Group in a sentence
To the extent required, any paragraph, sentence, term or provision of this Agreement may be modified by a court of competent jurisdiction to preserve its validity and to provide the PDH Group with the broadest possible protection permitted under applicable law.
The Sponsors acknowledge that such Confidential Information is specialized, unique in nature and of great value to the PDH Group, and that such information gives the PDH Group a competitive advantage.
The Sponsors and Executives acknowledge that irreparable damage would result to the PDH Group if the provisions of Sections 2, 3, 4 and 6 were not specifically enforced, and agree that the Company and the Investor shall be entitled to enforce this Agreement by injunction, specific performance or any other appropriate equitable relief, without bond and without prejudice to any other rights and remedies that the Company and the Investor may have for a breach of this Agreement.
In any vote by the board of directors as to whether the PDH Group should accept or invest in a Corporate Opportunity, any Sponsor or Executive sitting on the board of directors who has an interest in such Corporate Opportunity, whether direct or indirect, contingent or actual, shall recuse himself from such vote.
To the extent, if any, that any Innovations intended to be assigned or granted by any Executive to the PDH Group pursuant to Section 4.1 are at any time determined in any jurisdiction not to belong to the Company or other members of the PDH Group, then such Executive hereby grants an exclusive, royalty-free license to the Company (transferable by the Company without limitation) to exploit such Innovations and all rights therein in such jurisdiction.
Each of the Executives hereby acknowledges that the compensation provided for in such Executive’s employment agreement with the applicable member of the PDH Group constitutes sufficient consideration for his undertakings under Sections 3.1 and 4 hereof.
Each of the Executives additionally undertakes to devote his working time and attention exclusively to the business of the PDH Group and to use his best efforts to promote the interests of the PDH Group until the termination of such Executive’s Term of Employment.
The Executives acknowledge that such Confidential Information is specialized, unique in nature and of great value to the PDH Group, and that such information gives the PDH Group a competitive advantage.