Personal Goodwill shall have the meaning set forth in the recitals to this Agreement.

Personal Goodwill means the business created or developed by the Owners, or by or through their personal reputation, contacts or relationships, or otherwise possessed by the Owners in connection with the management and operation of the Business, including the Owners’ personal business relationships with referral sources, customers, suppliers and any others having business relationships with Seller.

Personal Goodwill means the goodwill associated with the personal and business relationships developed by each of the Selling Members as a result of the skill, ability, integrity, reputation and personal characteristics of each of the Selling Members.

Examples of Personal Goodwill in a sentence

Ibrahim, The Unique Benefits of Treating Personal Goodwill as Property in Corporate Acquisitions, 30 DEL.
Personal Goodwill in Asset Sale of "C" Corporations", The Practical Tax Lawyer, Spring 2017, Co-authored with Mark G.
Taxing Decisions: More Current Developments In The Sale Of Personal Goodwill", The Practical Tax Lawyer, Spring 2012, Co-authored with Paul D.
Any payment made pursuant to this Article VII shall be treated by the Parties for U.S. federal Income Tax and other applicable Tax purposes, unless otherwise required by applicable Law, as an adjustment to the cash proceeds received by Seller pursuant to this Agreement (and, as applicable, by the Owner pursuant to the Personal Goodwill Sale Agreement).
All of the Personal Goodwill is owned, and immediately prior to the Closing will be owned, by the Seller, free and clear of all liens, encumbrances, claims, options, security interests, calls and commitments of any kind.

More Definitions of Personal Goodwill

Personal Goodwill means, with respect to any Seller, close personal and ongoing business relationships, trade secrets, customer relationships, customer lists and other customer-related intangibles and knowledge in connection with such Seller’s business, or related to the Business, developed through the personal ability, personality, reputation, skills, and integrity of such Seller, and other information relating thereto.

Personal Goodwill means the close personal and ongoing business relationships, trade secrets and knowledge in connection with the Business owned by each of the Individual Sellers that each such Individual Seller has independently developed, owned and continue to own through his personal ability, personality, reputation, skill and integrity, and other information relating thereto.

Personal Goodwill means, with respect to any LLC Owner, close personal and ongoing business relationships, trade secrets and knowledge in connection with Seller’s business developed through the personal ability, personality, reputation, skill and integrity of the LLC Owner, and other information relating thereto.

Personal Goodwill means any and all of Member’s personal goodwill and intangible assets related to his personal involvement in the heavy duty truck, bus and agricultural equipment sales, service, parts, finance and leasing business over the roughly twenty

Personal Goodwill means with respect to an individual constituting the Shareholder, such individual’s personal ability, experience, personality, reputation, skill, contacts, integrity and accumulated information relating thereto in the Seller’s service area in the Business.

Personal Goodwill means the goodwill to be purchased by Buyer from Xxxxx Xxxxxxx pursuant to the Personal Goodwill Agreement.

Personal Goodwill means Xxxxx'x reputation, personal relationships with customers and suppliers, and expertise relating to, and used in connection with, the Business.