Examples of WPP Group in a sentence
There are no specific arrangements in place to ensure that either of WPP Group (UK) Limited or WPP plc does not abuse its control of WPP Finance 2013, but normal legal principles on the directors of WPP Finance 2013’s duties to WPP Finance 2013 apply.
Organisational Structure As at the date of this Offering Circular, WPP Finance 2013 is wholly owned by WPP Group (UK) Limited which is an indirect wholly owned subsidiary of WPP plc.
He has been Chief Executive of Aegis Group plc since 2005 and was formerly a Director of Cable & Wireless plc and WPP Group PLC.
The options may also be exercised (to the extent permitted under any performance conditions) for a limited period after the optionholder ceases employment by reason of injury, disability, death, retirement on or after reaching the age (if any) specified in his employment contract or following the sale out of the WPP Group of the company or business by which the optionholder is employed.
The options may be exercised for a limited period after the optionholder ceases employment by reason of injury, disability, death, retirement on or after reaching the age (if any) specified in his employment contract or following the sale out of the WPP Group of the company or business in which the optionholder is employed.
In the event that WPP Finance (UK) fails to pay the holders of the securities being offered and sold pursuant to this registration statement, thereby requiring WPP Group plc to make payment pursuant to the terms of its full and unconditional guarantee of those securities, there is no impediment to WPP Group plc obtaining reimbursement for any such payments from WPP Finance (UK).
Accordingly, each Seller commits as set out in this clause 11 to ensure that the interest of each of the Purchaser and the WPP Group in that goodwill is properly protected.’ 18.
The following pro forma consolidating condensed financial information gives pro forma effect to the purchase of Landor Associates, CommonHealth and Wunderman, indirect wholly owned subsidiaries of WPP Group plc, by WPP Finance (UK), also an indirect wholly owned subsidiary of WPP Group plc.
Clause 11 was entitled ‘Protection of Goodwill’, and provided that: ‘11 PROTECTION OF GOODWILL11.1 Each Seller recognises the importance of the goodwill of the Group to the Purchaser and the WPP Group which is reflected in the price to be paid by the Purchaser for [the shares].
WPP Finance (UK) is an issuer of certain securities registered under the Securities Act of 1933, guaranteed by WPP Group plc, thus subjecting both WPP Finance (UK) and WPP Group plc to reporting requirements under Section 15(d) of the Securities Exchange Act of 1934.