Versar definition
Examples of Versar in a sentence
The consolidated ratio of current assets to current liabilities of Versar and its Consolidated Subsidiaries will not, as of the end of each fiscal quarter, be less than 1.25 to 1.0.
Versar Global Solutions, Inc., VEC Corp., and Advent Environmental, Inc., which were “Borrowers” under the Original Loan Agreement and the Original Note, are not Material Subsidiaries and either no longer exist or are in the process of being dissolved as of the Effective Date.
Name of Participant ________________________ Date of Award ______________ _____, 20__ Range in Value of Shares of Performance Stock Threshold: $_____________ Target: $_____________ Maximum: $_____________ Performance Unit and Performance Stock Award Versar, Inc.
To the extent you have not previously vested in your rights with respect to this Award, your Award will become – Stock Appreciation Rights Award Versar, Inc.
He has sufficient knowledge and experience in finance and business that he is capable of evaluating the risks and merits of his investments in Versar and is able to financially bear the risks thereof.
In the event that it should be determined by law that any Work is or was not a work made for hire, then Consultant hereby assigns all rights, title, and interest in and to such Work to Versar, including, but not limited to, copyrights, trade secret rights, patent rights, and any other rights, anywhere in the world, now existing or hereafter created and pertaining to such Work, and Consultant agrees to execute any and all documents as may be required to accomplish this result.
Subject to the satisfaction of the terms and conditions of Sections 3 and 10 below, the Bank hereby (i) consents to the Acquisition, the Purchase Agreement and the transactions contemplated thereby and agrees that neither the Acquisition, nor the Purchase Agreement, nor the transactions contemplated thereby, shall constitute a Default under Sections VI(C)(7), (12) and (16) of the Loan Agreement and (ii) waives the Versar International Default.
The Consultant shall report to Versar promptly, each notice or claim of copyright infringement received by him with respect to any Data delivered under this Agreement.
The Restricted Shares will be issued under, and otherwise be subject to the terms and conditions of, a Versar incentive stock plan.
The principal amount of each Seller Note and any accrued interest earned thereon shall be subject to reduction to satisfy any setoff rights of the Purchaser and Versar in accordance with Article 8 of this Agreement.