Beneficial Rights Sample Clauses
The 'Beneficial Rights' clause defines the rights and interests that a party holds in an asset, property, or contract, even if they are not the legal owner. In practice, this clause clarifies who is entitled to receive benefits such as income, dividends, or use of the property, regardless of whose name is on the title or official records. Its core function is to ensure that the true beneficiary's interests are recognized and protected, preventing disputes over entitlement and clarifying the distinction between legal and beneficial ownership.
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Beneficial Rights. 4.1 Prior to the Contribution in Kind, the Contributor shall keep the sole beneficial rights and title with regard to the Shares.
4.2 Further to the Contribution in Kind, the Contributee shall receive beneficial rights and title with regard to the Shares.
4.3 The Shares are transferred with all rights attaching or accruing thereto now or after the Effective Date.
Beneficial Rights. Each Member shall have the exclusive right to use the Developed Intangible Property for manufacturing, marketing, and other purposes in its Territory, except as otherwise provided in this Agreement.
Beneficial Rights. No Employer or Union, or Employees, shall have any right, title or interest in or to the Trust Fund or any part thereof other than vesting under the Pension Plan except in accordance with applicable law. There shall be no pro rata or other distribution of any of the assets of the Fund as a result of any Union, Employer or group of Employees of Employers ceasing their participation in this Fund for any purpose or reason, except as required by law.
Beneficial Rights. Sec.
1. No Right, Title, or Interest of Employers and Union – No Employer or Union, or Employees, shall have the right, title or interest in or to the Trust Fund or any part thereof. There shall be no pro-rata or other distribution of any of the assets of the Fund as a result of any Union, Employer or Group of Employees or Employers ceasing their participation in this Fund for any purpose or reason, except as required by law.
Beneficial Rights. So that Masimo Cayman may exploit the Developed Intangibles in its business and fully enjoy the benefits thereof, and unless otherwise mutually agreed to by the Parties in writing, Masimo US grants to Masimo Cayman the following beneficial rights with respect to Developed Intangibles:
(a) a non-exclusive, royalty-free, irrevocable right and license under the Masimo US Intellectual Property Rights to make, have made, use, offer to sell, sell, import, perform, display, reproduce, and distribute the Products and to make improvements, modifications and/or enhancements to the Developed Technology within the Territory; and
(b) a non-exclusive, royalty-free, irrevocable right and license to use Developed Marketing Intangibles within the Territory, solely in compliance with any procedures for use of Developed Marketing Intangibles as which may be promulgated from time to time by Masimo US. The above license of this Section 5.2(b) will include, without limitation, the right to indicate to the public that Masimo Cayman is an authorized licensee of Masimo US and to advertise Masimo Cayman’s Products within the Territory under the Developed Marketing Intangibles. Masimo Cayman shall have the right to sublicense the rights granted to it pursuant to this Section 5.2 only with the written consent of Masimo US. Any amendment to any such agreement sublicensing such rights must also be approved in advance in writing by Masimo US.
Beneficial Rights. As of the Effective Date: (a) the Contributee shall issue, transfer and deliver to the Contributor and the Contributor shall acquire and accept all of the economic rights and interest in and to the Stock Consideration; and (b) the Contributor shall assume all of economic risk, encumbrances and obligations with respect to the ownership of the Stock Consideration.
Beneficial Rights. Except as otherwise provided in this Agreement or any other agreements between the parties, the Shareholders shall be entitled to their respective beneficial rights of ownership of the Subject Shares, including the right to vote the Subject Shares for any and all purposes.
Beneficial Rights. Notwithstanding the terms of the Escrow, the owner ----------------- of record of each issued and outstanding share of Common Stock subject to this Agreement shall continue to have one vote per share. Such owners of record shall not vote separately as a class. Except for the limitations on disposition set forth herein, owners of record of Common Stock subject to this Agreement shall be entitled to any and all rights incident to ownership of their respective securities, including, without limitation, notice of any shareholders' meetings, dividends, and stock splits in accordance with the Company's charter instruments. Nothing in this Agreement shall be construed to operate as a proxy to grant to any person the right to vote any of the shares of Common Stock which are subject to this Agreement or to grant to any person a power-of-attorney with respect to powers of disposition over any of the shares of Common Stock or any Derivative Securities subject to this Agreement.
Beneficial Rights. HMC and HMII shall have the exclusive right to use, license and assign the Developed Intangible Property for manufacturing, marketing, and other purposes in its Territory, except as otherwise provided in this Agreement.
Beneficial Rights. So that each Party may exploit the Developed Intangibles in its respective business and fully enjoy the benefits thereof, each Party shall have worldwide (except as provided in Section 5.3 below), non-exclusive, perpetual (subject to Section 8.5) rights to use, copy, display, modify, or otherwise exploit Developed Intangibles to which the other Party holds legal title.