CONTINUED EP GROUP BUSINESS Sample Clauses

CONTINUED EP GROUP BUSINESS. EP Group has certain business clients, including Samsung, Bally Shoes, Colgate and Fubu. These businesses comprise custom software. EP Group shall continue to have the right to service these business accounts for EP Group's benefit, and to dedicate EP Group Resources currently working on these clients with the guidance and approval of FirePond as regards assignment of the Resources and timing to address these services. The intent of the parties is to optimize the allocation of EP Group Resources to FirePond projects and business, minimize distraction of the EP Group whose principal focus shall be the business of FirePond, and otherwise continue the on going business of EP Group in an orderly fashion. It is the intent of the parties that the noncompetitive custom computer services for these customers, and additional customers desiring noncompetitive custom computer programming services may be obtained from the EP Group. Where FirePond products suit these customers' requirements, FirePond products shall first be offered to these customers by the EP Group. The EP Group shall seek appropriate personnel to continue such noncompetitive custom software business, to fostxx xxx growth of the Continued EP Group Business and to assume the management currently serviced by the EP Group. FirePond and its employees shall not materially participate in the Continued EP Group Business, other than to manage such Resources for the benefit of FirePond. FirePond shall have the right to solicit business from all EP Group clients on FirePond's sole account without restriction during the term of the Agreement. No new agreements will be entered into with these accounts without the consent of FirePond. The income earned by EP Group for continued business shall exclusively belong to EP Group EP Group shall remain independent, but may not compete with FirePond as expressed in Section 8 hereof.
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Related to CONTINUED EP GROUP BUSINESS

  • Continued Business No supplier, customer, distributor or sales agent of the Company or any subsidiary has notified the Company or any subsidiary that it intends to discontinue or decrease the rate of business done with the Company or any subsidiary, except where such discontinuation or decrease has not resulted in and could not reasonably be expected to result in a Material Adverse Effect.

  • Continued Service The Indemnitee shall continue to serve at the will of the Company as a Director of the Company so long as he is duly elected and qualified in accordance with the Regulations or until he resigns in writing in accordance with applicable law.

  • Continued Servicing The Seller shall service, or cause to be serviced, all Loans as required under the Higher Education Act until the date of the related Xxxx of Sale.

  • Continued Operations Continue at all times to conduct its business and engage principally in the same line or lines of business substantially as heretofore conducted.

  • Annual Business Plan As soon as available and in any event no later than 120 days after the end of each Fiscal Year, a Business Plan.

  • Annual Business Plan and Financial Projections As soon as practicable and in any event within ninety (90) days after the beginning of each Fiscal Year, a business plan of the Borrower and its Subsidiaries for such Fiscal Year, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a projected income statement, statement of cash flows and balance sheet and a statement containing the volume and price assumptions by product line used in preparing the business plan, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that, to the best of such officer’s knowledge, such projections are good faith estimates (utilizing assumptions believed to be reasonable) of the financial condition and operations of the Borrower and its Subsidiaries for such Fiscal Year.

  • The Business The parties acknowledge that the Company is engaged in the development, marketing and sale of certain proprietary technologies, processes and related products in the areas of chemical detection, technical processes, and technical/business services, and that the Company may also from time to time become or may intend to become engaged in other business endeavors (individually and collectively, the "BUSINESS"). The Company shall be deemed to intend to become engaged in a business endeavor if it has devoted or expended any significant resources, either financial or human resources, towards the proposed endeavor, either in planning or implementing the undertaking of such planned endeavor.

  • Business Activity As long as this Note shall remain outstanding, Maker shall make no change in its business activity that would make it or any of its business activities non-compliant with SBA regulations and guidelines.

  • Business Employees Immediately after the date of this Agreement, Buyer shall offer employment to each Business Employee set forth on Schedule 6.6(a). Buyer shall reimburse Seller for severance obligations (if any) arising as a result of the rejection of Buyer’s offer of employment by any Business Employee. Buyer shall cause each offer of employment to a Business Employee pursuant to this Section 6.6(a) to provide for (i) an annual salary or hourly wage rate (as applicable), (ii) annual and long-term bonus and incentive compensation opportunities (other than incentive compensation opportunities related to the transactions contemplated by this Agreement), and (iii) employee benefit plans, programs and arrangements (collectively “Employment Terms”) that are substantially comparable, in the aggregate, to those provided to Buyer’s employees in similar positions. In addition, Buyer may offer employment to the Business Employees set forth on Schedule 6.6(b), on terms to be mutually agreed upon, at the Buyer’s sole discretion. Buyer shall reimburse Seller for severance obligations (as set forth on Schedule 6.6(c)), actually paid by Sellers or Parent, arising as a result of the rejection of Buyer’s offer of employment by any Business Employee or arising as a result of Buyer’s failure to offer employment to any Business Employee if such Business Employee is terminated by Seller within thirty (30) days of the Closing Date. Any Business Employee who accepts Buyer’s offer of employment pursuant to this Agreement shall be a “Transferred Employee.” Nothing herein shall restrict the right of Buyer or a Subsidiary of Buyer to terminate the employment of any Transferred Employee after the Closing Date. Any reimbursement of severance obligations by Buyer to Seller, as set forth above, shall occur within ten (10) days of a reimbursement request from Seller.

  • Continuing Employees “Continuing Employees” is defined in Section 6.4 of the Agreement.

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