Examples of Viamet Business in a sentence
Subject to Section 1.1, the Services shall be provided to the Recipient in a manner substantially similar in scope, quality, and nature (including staffing and hours of operation) to those provided to, or provided on behalf of, the Viamet Business (if Viamet or a Viamet Group Member is the Recipient) or the SpinCo Business (if SpinCo or a SpinCo Group Member is the Recipient), as applicable, prior to the date hereof.
The Employee Matters Agreement will address the allocation and treatment of assets and liabilities relating to employees of each of the Viamet Business and the Innocrin Business and compensation and benefit plans and programs in which employees participate.
In anticipation of the Series D Financing, Viamet Holdings intends to complete the Separation, pursuant to which (i) the Innocrin Business will be consolidated under Innocrin Holdings, which was formed for purposes of the Separation, and Innocrin and (ii) the Viamet Business, which includes the human antifungal business, will be consolidated under Viamet Holdings and the Antifungal Subs.
Employee Matters Agreement RESOLVED, that the undersigned consent to and approve the Company’s entry into the Employee Matters Agreement by and among the Company, Innocrin and Innocrin Holdings, substantially in the form attached as Exhibit P to the Information Statement, relating to the respective obligations of the Company, Innocrin and Innocrin Holdings to employees associated with the Viamet Business and the SpinCo Business and to other employment and employee benefits matters.
Following the Separation, Innocrin Holdings will have a capital structure that mirrors that of Viamet Holdings in classes of outstanding shares, economic rights associated with each class, and numbers of outstanding shares in each class, and will hold (through its ownership of Innocrin) all of the assets and liabilities constituting the Innocrin Business (and none of the assets and liabilities constituting the Viamet Business).
BUSINESS PURPOSE FOR THE SPIN-OFF Viamet Holdings’ Board of Managers (the “Viamet Board”) and management believe that the separation of Viamet Holdings and Innocrin Holdings will be beneficial to Viamet Holdings’ members for the following reasons: • The Spin-Off will establish a separate Innocrin Business, on the one hand, and Viamet Business, on the other hand.