Related Entity definition
Examples of Related Entity in a sentence
The Executive agrees to serve in any additional officer, director or manager positions with the Company or any Related Entity for no additional consideration upon the request of the Company.
All books, records, and accounts relating in any manner to the customers or clients of the Company or any Related Entity, whether prepared by the Executive or otherwise coming into the Executive’s possession during the Executive’s employment with the Company, shall be the exclusive property of the Company and its Related Entities and shall be returned as promptly as practicable to the Company on termination of the Executive’s employment hereunder or on the Company’s request at any time.
Upon the end of the Term of Employment, the Executive shall resign from all officer, director and other positions he holds with the Company or any Related Entity.
The Executive shall not at any time divulge, communicate, use to the detriment of the Company or any Related Entity, use for the benefit of himself or any other person or entity, or misuse in any way, any Confidential Information.
The Grantee is ultimately liable and responsible for all taxes owed by the Grantee in connection with the Award, regardless of any action the Company or any Related Entity takes with respect to any tax withholding obligations that arise in connection with the Award.