Background and Purpose Sample Clauses

Background and Purpose. Executive was employed by the Company. Executive's employment is ending effective __________ under the conditions described in Section 3.1 of the Executive Change of Control Agreement ("Agreement") by and between Executive and the Company dated _____________, 2012. The purpose of this Release is to settle, and the parties hereby settle, fully and finally, any and all claims the Releasing Parties may have against the Released Parties, whether asserted or not, known or unknown, including, but not limited to, claims arising out of or related to Executive's employment, any claim for reemployment, or any other claims whether asserted or not, known or unknown, past or future, that relate to Executive's employment, reemployment, or application for reemployment.
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Background and Purpose. Executive was employed by Company. Executive's employment is ending effective _____________ under the conditions described in Section 3.1 of the Executive Severance Agreement ("Agreement"). The purpose of this Release is to settle, and the parties hereby settle, fully and finally, any and all claims Executive may have against Company, whether asserted or not, known or unknown, including, but not limited to, claims arising out of or related to Executive's employment, any claim for reemployment, or any other claims whether asserted or not, known or unknown, past or future, that relate to Executive's employment, reemployment, or application for reemployment.
Background and Purpose. The Company and its affiliates desire to attract and retain the services of highly qualified individuals, such as Indemnitee, to serve as directors and officers of the Company and its affiliates and to indemnify its and its affiliates’ directors and officers so as to provide them with the maximum protection permitted by law. The Company and Indemnitee recognize the substantial increase in corporate litigation in general, subjecting directors and officers to expensive litigation risks at the same time that the availability and coverage of liability insurance has been limited. Accordingly, the Company has determined that it is reasonable, prudent and necessary for the Company, on its own behalf and on behalf of its affiliates, to obligate itself contractually to indemnify its and its affiliates’ directors and certain of its and its affiliates’ officers to the fullest extent permitted by applicable law so that they will serve and continue to serve the Company and its affiliates free from undue concern that they will not be so indemnified. Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company and its affiliates on the condition that Indemnitee is so indemnified.
Background and Purpose. (a) The BTC Recipients manage a variety of assets, such as bank collective funds, mutual funds, exchange-traded products and separate accounts.
Background and Purpose. This Agreement is made and entered into with reference to the following:
Background and Purpose. Executive was employed by Company. Executive's employment is ending effective __________ [following a Change in Control as defined in Section 8.3 ("Change in Control") of Amended Executive Severance Agreement ("Agreement")]. Executive has elected pursuant to the terms of Section 3.3 of the [Amended Executive Severance Agreement ("Agreement")/Agreement] to receive [50 percent of target/the applicable prorated amount] of Executive's annual cash incentive and elected pursuant to Section 3.4 of the Agreement to [receive $12,500 (less proper withholding) in lieu of outplacement services/have payments up to $12,500 paid directly to a third party outplacement firm.] [Pursuant to Section 4.3 of the Agreement, Merix shall pay [the cash equivalent not exceeding $5,000 (less proper withholding) of] the cost and expense of maintaining a life insurance policy for the Executive's benefit for 18 months.] The purpose of this Release is to settle, and the parties hereby settle, fully and finally, any and all claims Executive may have against Company, whether asserted or not, known or unknown, including, but not limited to, claims arising out of or related to Executive's employment, any claim for reemployment, or any other claims whether asserted or not, known or unknown, past or future, that relate to Executive's employment, reemployment, or application for reemployment.
Background and Purpose. Academic units1 (e.g., departments, divisions, programs) within a university may at some juncture wish to explore a different organizational affiliation. For example, an academic department may wish to consider moving its academic home from one school or college to another. A variety of factors may justify such a transfer of academic home in order to better facilitate achievement of the University’s academic mission. The purpose of these guidelines is to provide transparent, inclusive procedures that:  Xxxxxx collaboration between and among departments and colleges considering such moves.  Promote discussion on the merits of proposals.
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Background and Purpose. The background factor for these revised stipulations is the employment pension re- form that came into force at the beginning of 2005. The purpose of the revised stip- ulations is to preserve the gap-filling nature of the supplementary pension system and the content of the employer’s pension promise. To the extent that statutory pen- sions fall short of the total pension promised, the difference is paid in the form of a supplementary pension. Implementation of the supplementary pension in accordance with the Collective Agreement is hereby made possible by means of the necessary revisions of a tech- nical nature. The revisions do not affect the other terms and conditions of supplementary pen- sion benefits; for example, pensionable ages and membership of a supplementary pension scheme remain unchanged.
Background and Purpose. The adsorption of chemicals to sediments and soils is an important process that affects a chemical’s dis- tribution in the environment. If a chemical is adsorbed to soil particles, it will remain on the soil surface and will not reach ground water. If a chem- ical is not adsorbed, it will xxxxx through the soil profile and may reach ground waters and then surface waters. Similarly, if a chemical adsorbed to sediment, it will accumulate in the bed and suspended load of aquatic systems. If a chemical is not adsorbed to sedi- ment, it will accumulate in the water column of aquatic systems. Informa- tion on the adsorption potential is needed under certain circumstances to assess the transport of chemicals in the environment. This section describes procedures that will enable sponsors to determine the adsorption isotherm of a chemical on sediments and soils.
Background and Purpose. (i) Volatilization, the evapo- rative loss of a chemical, depends upon the vapor pressure of chemical and on environmental conditions which influ- ence diffusion from a surface. Vola- tilization is an important source of ma- terial for airborne transport and may lead to the distribution of a chemical over wide areas and into bodies of water far from the site of release. Vapor pressure values provide indica- tions of the tendency of pure sub- stances to vaporize in an unperturbed situation, and thus provide a method for ranking the relative volatilities of chemicals. Vapor pressure data com- bined with water solubility data permit the calculation of Xxxxx’x law con- stant, a parameter essential to the cal- culation of volatility from water.
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