Examples of Spin-Off in a sentence
In connection with the Spin-Off, the Company and PKS entered into various agreements intended to implement the Spin-Off, including a separation agreement and a tax sharing agreement, pursuant to which the parties allocated certain liabilities associated with their respective businesses and the costs and other liabilities related to the Spin-Off.
The tax sharing agreement generally defines the Company's and PKS' rights and obligations with respect to tax matters for periods ending prior to the Spin-Off.
Represents a retention bonus paid by the Company to Mr. Belmont in the amount of $19,118 in connection with the Spin-Off and the Company's matching contribution on his behalf to the 401(k) Plan in the amount of $2,448.
Costs incurred in the Spin-Off and separation from GE, including system implementations, audit and advisory fees, legal entity separation, Founders Grant equity awards, and other one-time costs.
The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee, with respect to each Letter of Credit, at the rate per annum equal to the percentage separately agreed upon between the Borrower (or, prior to the occurrence of the Spin-Off, the Company) and such L/C Issuer, computed on the Dollar Amount of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears.