Teradyne definition

Teradyne means Teradyne as hereinbefore defined and any successor to its business or assets as aforesaid which assumes and agrees (or is otherwise required) to perform this Agreement. Nothing in this Section 7(a) shall be deemed to cause any event or condition which would otherwise constitute a Change in Control not to constitute a Change in Control.
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Teradyne shall be deemed to include all successors and assigns of Teradyne.
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Teradyne means Teradyne Diagnostic Solutions Ltd., an operating subsidiary of Teradyne, Inc. headquartered in Boston, Massachusetts. "Software" means computer programs provided to Licensee by Teradyne and/or computer programs in which Teradyne has proprietary rights and/or sublicense rights granted by a third party licensor, and any related materials, including, but not limited to, Documentation related thereto, and any subsequent revisions, improvements or updates provided to Licensee. "Documentation" means any information which is provided to Licensee in writing or fixed in other tangible form, including, but not limited to, logic diagrams, manuals, lists, schematics, drawings and marketing, development, maintenance, pricing and/or product information. "Hardware" means the Teradyne supplied test equipment, systems and peripherals. “Equipment” means the Hardware and Software operating together as an automotive diagnostic test system for the automotive product specified in the applicable documentation.
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Examples of Teradyne in a sentence

  • All notices hereunder shall be in writing and shall be delivered in person or mailed by certified or registered mail, return receipt requested, addressed as follows: If to Teradyne, to: Teradyne, Inc.

  • Following any Change in Control, Teradyne may also terminate Employee with or without “Cause” at any time subject to Employee’s rights and Teradyne’s obligations specified in this Agreement.

  • Teradyne agrees to provide Employee an estimate relating to payments to be made under this Agreement upon Employee’s written request.

  • Teradyne shall be entitled to withhold from any payments or deemed payments any amount of tax withholding required by law.

  • Any payments hereunder shall be made out of the general assets of Teradyne.

  • Employee understands that the employment relationship between Employee and Teradyne will be “at will” and Employee understands that, prior to any Change in Control, Teradyne may terminate Employee with or without “Cause” at any time, including in contemplation of a Change in Control.

  • During the Salary Continuation Period, Teradyne shall arrange or provide for continued health, dental and vision insurance plan coverage for the Employee at the same levels of coverage in existence prior to the Termination Event subject to Teradyne and Employee each contributing to the applicable insurance premium payments on the same basis and in the same proportions as in existence at the date of the Termination Event.

  • Unless otherwise determined by Teradyne in an applicable plan or arrangement, no amounts payable hereunder upon a Termination Event shall be deemed salary or compensation for the purpose of computing benefits under any employee benefit plan or other arrangement of Teradyne for the benefit of its employees.

  • To the extent that amounts paid by Teradyne to provide the benefits under this paragraph (f) are deemed to be deferred compensation subject to Section 409A, then such payments shall be made monthly and any payment to preserve the Employee’s after tax position shall be made within 60 days after the end of each calendar year in which the taxable provision or reimbursement occurs.

  • Unless otherwise required under Section 1 (e) below, Teradyne shall pay Employee monthly an amount equal to 1/12th of Employee’s current annual Model Compensation as of the Termination Event for a period of 24 months following the date of the Termination Event (the “Salary Continuation Period”).

Related to Teradyne

  • Resulting Company means a domestic limited liability company formed as a consequence of a division.

  • Participating Corporation means any Parent, Subsidiary or Affiliate that the Committee designates from time to time as eligible to participate in this Plan. For purposes of the Section 423 Component, only the Parent and Subsidiaries may be Participating Corporations, provided, however, that at any given time a Parent or Subsidiary that is a Participating Corporation under the Section 423 Component shall not be a Participating Corporation under the Non-Section 423 Component. The Committee may provide that any Participating Corporation shall only be eligible to participate in the Non-Section 423 Component.

  • EDS means Electronic Data Systems Corporation, a Delaware corporation, all its direct and indirect subsidiaries, all its affiliated entities, and all its successors and assigns, and the employees, agents, attorneys, officers and directors of each of them.

  • Bancorp means Eagle Bancorp, Inc., a Maryland corporation.

  • LSI means Large Scale Industry