A HISTORY AND DEVELOPMENT OF THE GROUP Sample Clauses

A HISTORY AND DEVELOPMENT OF THE GROUP. Before the liberalization of the Austrian telecommunications market in 1998, the Post und Telegraphenverwaltung ("PTV") and its successor, Post and Telekom Austria AG ("PTA"), had the exclusive right to provide telecommunications services in Austria. PTV was an integrated part of the federal property administration of the Republic of Austria and a department of the Federal Ministry of Science and Transportation. In order to better prepare for, and comply with, the requirements of the liberalization of the telecommunications sector, PTV was transformed into a stock corporation by a certain statutory law. The Austrian Post Restructuring Act of 1996 created PTA as the universal legal successor to PTV in order to continue PTV's activities in telecommunications, postal services and public transportation. History and development of the mobile communication subsidiary. In October 1996, PTA transferred its mobile communication business to a wholly owned subsidiary, mobilkom austria AG ("Mobilkom"). Mobilkom was a stock corporation established under Austrian law with a share capital of EUR 10,000,000. Between 1997 and 2002, the Telecom Italia Group held a 25%, plus one share, participation in Mobilkom. Between March 2001 and August 2006, Mobilkom was converted into a limited partnership, mobilkom austria AG & Co KG. In August 2006, this partnership was reconverted to a stock corporation. As regards the restructuring in 2010, see "Restrucrturing 2010" below. History and development of the listed holding company including the fixed line operations. In July 1998, PTA's remaining fixed line telecommunications business was spun- off into Telekom Austria, owned by PTA. In May 2000, the Austrian parliament passed the OIAG Act 2000, as a result of which Oesterreichische Industrie Holding AG ("OIAG"), the holding and privatization agency of the Republic of Austria, directly held 75%, minus one share, in Telekom Austria. In November 2000, OIAG sold 22.4% of Telekom Austria's shares as part of Telekom Austria's initial public offering in both Austria and the United States of America and as a private placement elsewhere. Between 1998 and 2004, the Telecom Italia group held participations between 14.8% and 29.8 % in Telekom Austria. In January 2004, Telecom Italia sold this residual shareholding in a private placement to institutional investors. In August 2003, OIAG issued EUR 325mn of notes exchangeable into shares of Telekom Austria. The noteholders exercised their exchange r...
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Related to A HISTORY AND DEVELOPMENT OF THE GROUP

  • Learning and Development (i) Managers and supervisors are responsible for promoting and supporting learning activities for employees in their area of responsibility.

  • Research and Development (i) Advice and assistance in relation to research and development of Party B;

  • Training and Development 14.1 The parties are committed to, and acknowledge the mutual benefit to the employer and employee of planned human resource development and the provision and participation in relevant development opportunities (including accredited training).

  • PHASED DEVELOPMENT 15.1 The Seller reserves to itself, and to its successors in title as Developer, all such rights as are provided for in section 25 of the STA, to erect and complete a phased development on the Land from time to time, but no later than 15 (fifteen) years from the date of opening of the Sectional Title Register, for its personal account.

  • Economic Development 1. The Parties aim to promote balanced economic growth, poverty reduction and the reduction of social-economic disparities.

  • Iran, Sudan and Foreign Terrorist Organizations The Dissemination Agent and the Administrator represent that neither the Dissemination Agent, the Administrator nor any parent company, wholly- or majority-owned subsidiaries, and other affiliates of the Dissemination Agent or the Administrator is a company identified on a list prepared and maintained by the Texas Comptroller of Public Accounts under Section 2252.153 or Section 2270.0201, Texas Government Code, and posted on any of the following pages of such officer’s internet website: xxxxx://xxxxxxxxxxx.xxxxx.xxx/purchasing/docs/sudan-list.pdf, xxxxx://xxxxxxxxxxx.xxxxx.xxx/purchasing/docs/iran-list.pdf, or xxxxx://xxxxxxxxxxx.xxxxx.xxx/purchasing/docs/fto-list.pdf. The foregoing representation is made solely to enable the Issuer to comply with Section 2252.152, Texas Government Code, and to the extent such Section does not contravene applicable Federal or State law and excludes the Dissemination Agent, the Administrator and each parent company, wholly- or majority-owned subsidiaries, and other affiliates of the Dissemination Agent or the Administrator, if any, that the United States government has affirmatively declared to be excluded from its federal sanctions regime relating to Sudan or Iran or any federal sanctions regime relating to a foreign terrorist organization.

  • High Risk Activities 1. The Software is not fault-tolerant and is not designed, manufactured or intended for use or resale as on-line control equipment in hazardous environments requiring fail-safe performance, such as in the operation of nuclear facilities, aircraft navigation or communication systems, air traffic control, direct life support machines, or weapons systems, in which the failure of the Software could lead directly to death, personal injury, or severe physical or environmental damage ("High Risk Activities"). Syncro and its suppliers specifically disclaim any express or implied warranty of fitness for High Risk Activities.

  • Staff Development Leave (a) An employee shall be granted leave without loss of pay, at her basic rate of pay, to take courses (including related examinations), conferences, conventions, seminars, workshops, symposiums or similar out-of-service programs, at the request of the Employer. The amount of pay received by an employee shall not exceed the full-time daily hours of work as outlined in Article 14.2. When such leave is granted, the Employer shall bear the full cost, including tuition fees, entrance or registration fees, laboratory fees, and course-related books. The Employer shall also reimburse the employee for approved travelling, subsistence, and other legitimate, applicable expenses.

  • Technical and Organizational Measures The following sections define SAP’s current technical and organizational measures. SAP may change these at any time without notice so long as it maintains a comparable or better level of security. Individual measures may be replaced by new measures that serve the same purpose without diminishing the security level protecting Personal Data.

  • Professional Development Day The Employees shall be entitled to spend three (3) working days with pay for the purpose of doing research and preparation related to their work at a date mutually acceptable to the Employer and the Employee.

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