Background of Agreement. 1.1 LICENSOR represents that it has certain intellectual property pertaining to services and technologies in the field of teleradiology, in respect to which it is prepared to grant a nonexclusive license to LICENSEE.
Background of Agreement. ● The Company desires to employ Executive as its Executive Vice President Chief Financial Officer, and Executive desires to accept such employment. ● This Agreement provides, among other things, for base compensation for Executive, a term of employment and severance payments in the event Executive is terminated without Cause or by reason of a Change of Control of the Company. In consideration of the foregoing, the Company and Executive agree as follows:
Background of Agreement. The Company desires to continue to employ Executive as its Chief Executive Officer, and Executive desires to accept such employment. The Company intends to employ another executive as its new president. · This Agreement provides, among other things, for base compensation for Executive. It also contains a release of claims by Executive in favor of the Company. In consideration of the foregoing, the Company and Executive agree as follows:
Background of Agreement. A. The parties have signed an agreement in principle to enter into a purchase order assignment program under which the Manufacturer will assign customer purchase orders to the Contractor and request the Contractor to purchase the required materials to fulfill such purchase orders; the Contractor will retain the Manufacturer to manufacture, process and ship ordered goods; and fees will be paid to the Manufacturer for its services upon payment to the Contractor for the goods.
Background of Agreement. Executive is currently the Vice President, Regulatory Affairs and Quality Assurance, of the Company and is employed on an at-will basis. · The Company and Executive desire to memorialize the terms and conditions of Executive’s employment, including additional terms and conditions which have been approved by the Company’s Board of Directors. In consideration of the foregoing, the Company and Executive agree as follows:
Background of Agreement. 2.1 Description The rights obtainable by You to use Media available on the Site are outlined in this Agreement. This Agreement is in addition to all previous agreements. If there is any conflict between this Agreement and the above mentioned agreements (all of which are incorporated by reference), the terms of this Agreement shall prevail.
Background of Agreement. Employee desires to continue in the employ of the Employer, and desires certain protections and benefits; and Employee is currently employed pursuant to an employment agreement with an expiration date of May 31, 2007, which Employee and Employer desire to mutually terminate, with no liability on the part of either of them arising out of such termination; Employee and the Employer deem it to be in their respective best interests to enter into an agreement providing for compensation and benefits for Employee pursuant to the terms stated in this Agreement; and The Employer desires to place reasonable restraints upon Employee’s ability to compete with the Employer during a specified period immediately following Employee’s termination from employment; Accordingly, in consideration of the mutual promises and agreements contained herein, the parties hereto agree to the following:
Background of Agreement. The Borrower and its Subsidiaries are engaged in the business of developing and manufacturing critical medical device technologies for the cardiac, neurology, vascular and orthopaedic markets, and developing and manufacturing battery and wireless sensing technologies for high-end niche applications in the energy, military, portable medical and other markets. The Borrower, M&T and each lender party thereto entered into that certain Credit Agreement dated as of May 22, 2007 (as amended prior to the date hereof, the “Existing Credit Agreement”). The Borrower has requested that the Lenders provide a senior credit facility, which would amend and restate the Existing Credit Agreement and which would consist of a revolving credit facility in an aggregate amount not to exceed at any time (except as provided in Subsection 2.1.8 (Increases in Facility)) $400,000,000 with a letter of credit subfacility in an aggregate amount equal to $15,000,000 and a swing line subfacility in an aggregate amount equal to $15,000,000. Borrower’s direct parent, Greatbatch, Inc., a Delaware corporation (“Parent”), and the Subsidiaries of the Borrower will derive substantial benefits from this credit facility. The Borrower may, among other things, use proceeds of the Loans hereunder to make capital contributions in, and extend credit to, its U.S. Subsidiaries and, to the extent permitted hereby, to its Foreign Subsidiaries. Such access to capital provided to the Subsidiaries through this financing is on terms that are more advantageous to the Subsidiaries than such Subsidiaries could obtain if they accessed capital independently. Accordingly, the credit facility provided for in this Agreement is to be guaranteed by Parent and, subject to the next sentence, the Borrower’s U.S. Subsidiaries from time to time, and secured by the equity of the Borrower, the U.S. Subsidiaries of the Borrower and sixty-six percent (66%) of the equity of certain of its Foreign Subsidiaries, as well as by the material assets of the guarantors. Certain Ventures that are U.S. Subsidiaries are not required to become guarantors; however Ventures and Foreign Subsidiaries may become guarantors at a later date pursuant to the terms of this Agreement.
Background of Agreement. A. DigitalRights is in the business of identifying and monitoring illegal downloads of copyrighted content, forwarding Digital Millennium Copyright Act (“DMCA”) notices, and providing a settlement collections model for copyright owners and administrators for online peer-to-peer (“P2P”) infringements of their content.
Background of Agreement. 1.0 Antecip owns or controls the rights to a proprietary drug product, more particularly described hereafter as the “Licensed Product”.
