Limited Business Conducted. Healthworld was formed on September 12, 1996 solely for the purpose of entering into and consummating the Healthworld Plan of Organization. Healthworld has not filed any Returns or extension requests in respect of Tax. Healthworld has not since its formation conducted any business, acquired any assets, incurred any liabilities or entered into any agreements, except Healthworld has entered into the Xxxxxx Xxxxxxx Employment Agreement, the Healthworld License Agreement and has engaged in other limited startup activities. It is anticipated that prior to the Closing, Healthworld will adopt a Stock Option Plan; however, Healthworld covenants that no options will be granted before the Registration Statement is declared effective by the SEC.
Limited Business Conducted. Since inception, Buyer has conducted no business, sales or marketing activities nor generated any revenue other than from the sale of a single home during 2008.
Limited Business Conducted. Healthworld was formed on September 12, 1996 solely for the purpose of entering into and consummating the Healthworld Plan of Organization. Healthworld has not filed any Returns or extension requests in respect of Tax. Healthworld has not since its formation conducted any business, acquired any assets, incurred any liabilities or entered into any agreements, except Healthworld has entered into the Healthworld License Agreement and has engaged in other limited startup activities. It is anticipated that prior to the Closing, Healthworld will institute an Healthworld Agreement and Plan of Organization/UK Draft of August 27, 1997 ------------------------------------------------------------------------------- Incentive Stock Option Plan; however, Healthworld covenants that no options will be granted before the Closing.
Limited Business Conducted. Since inception, Buyer has conducted no business, sales or marketing activities nor generated any revenue other than very limited consulting in connection with the placement and staffing within the United States of nursing professionals and personnel recruited from outside the United States.
Limited Business Conducted. Except for activities connected with seeking potential merger candidates, Buyer has since inception on September 19, 2001 conducted no business, sales or marketing activities nor generated any revenue. Transitory Subsidiary has conducted no business since its formation. Transitory Subsidiary is a direct, wholly owned subsidiary of Buyer, was formed solely for the purpose of engaging in the transactions contemplated by this Agreement, has engaged in no other business activities and has conducted its operations only as contemplated by this Agreement.
Limited Business Conducted. Healthworld was formed on September 13, 1996 solely for the purpose of entering into and consummating the Healthworld Plan of Organization. Healthworld has not filed any Returns or extension requests in respect of tax. Healthworld has not since its formation conducted any business, acquired any assets, incurred any liabilities or entered into any agreements, except Healthworld has entered into the Healthworld License Agreement and has engaged in other limited startup activities. It is anticipated that prior to the Closing, Healthworld will institute an Incentive Stock Option Plan; however, Healthworld covenants that no options will be granted before the Closing.
Limited Business Conducted. Healthworld was formed on September 12, 1996 solely for the purpose of entering into and consummating the Healthworld Plan of Organization. Healthworld has not filed any Returns or extension requests in respect of Tax. Healthworld has not since its formation conducted any business, acquired any assets, incurred any liabilities or entered into any agreements, except Healthworld has entered into the Xxxxxx Xxxxxxx Employment Agreement, the Healthworld License Agreement and has engaged in other limited -29- Healthworld Agreement and Plan of Organization/UK --------------------------------------------------------------------------------
