USC Group definition
Examples of USC Group in a sentence
Any such payment shall be treated, for federal income tax purposes, as a contribution by Levy to the Company’s capital and a guaranteed payment by the Company to the USC Group for the use of capital within the meaning of Section 707(c) of the Code, the deduction for which shall be allocated to Levy for such tax purposes.
The Company hereby and forever releases, holds harmless and discharges the USC Group and each USC Member (individually and collectively), together with each of their personal representatives, heirs, successors and assigns (as applicable), from and against any and all claims, demands, counterclaims, actions, costs, causes of action, damages, debts, obligations, and liabilities of whatever nature (collectively, "USC Liabilities").
The USC Group and each USC Member, jointly and severally, hereby and forever release, hold harmless and discharge the Company, its past and present directors, officers, employees, agents, representative, subsidiaries, '~liates, successors and assigns, from and against any all claims, demands, counterclaims, actions, costs, causes of action, damages, debts, obligations, and liabilities of whatever nature (collectively, "Company Liabilities").
This Separation Agreement contains the entire understanding between the parties with respect to Executive’s employment with the Company and his resignation from employment with the Company.
Relationships include, but are not limited to, ownership of shares, options and/or warrants of the Company, services rendered under that certain Agreement dated July 11, 1995, by and between the Comprely and USC, and service rendered under any' and all other agreements between the USC Group or any USC Member and the Company, whether oral or written, express or implied.
In addition, the parties acknowledge that the USC Group is contributing, among other assets, prepaid licenses for certain vehicles which may, in the hands of the Company or a Superior Subsidiary, have to be re-licensed.