General Statement of Purpose. The Board of Directors (the “Board”) of Xxxxxx-Standard Automotive Inc. (the “Company”) has considered the effect a change of control of the Company may have on certain executives of the Company. The executives have made and are expected to continue to make major contributions to the short-term and long-term profitability, growth and financial strength of the Company. The Company recognizes that the possibility of a change of control exists, desires to assure itself of both the present and fixture continuity of management, desires to establish certain minimum severance benefits for certain of its executives applicable in a change of control, and wishes to ensure that its executives are not practically disabled from discharging their duties in respect of a proposed or actual transaction involving a change of control. As a result, the Board believes that the Xxxxxx-Standard Automotive Inc. Change of Control Severance Pay Plan (the “Plan”) will assist the Company in attracting and retaining qualified executives.
General Statement of Purpose. The prime responsibility of the DSIT is to serve as a communications and coordination body with the ultimate goal of improving the quality of the instructional programs resulting in improved student achievement. It shall also coordinate and oversee the school improvement process. Its authority resides in Article XXVII of the Master Agreement. Its purpose is to review and make recommendations for current and proposed educational programs that are concerned with the present and future needs of children in the Gladwin Community Schools.
General Statement of Purpose. The Executives and PHCR have conducted discussions with respect to an acquisition by merger of all of the outstanding shares of the Company, except for those shares that the Company will repurchase from X.X. Xxxxxxx (as contemplated in the Merger Agreement) and/or those which the Executives will contribute directly to PHCR in exchange for shares of its stock, and/or those options held by the Executives to acquire shares of the Company, which shall be fully vested and canceled in exchange for the issuance of options of PHCR (collectively an "Acquisition Transaction"). The Executives and PHCR have concluded that it would be desirable to effect an Acquisition Transaction. To that end, the parties hereto have executed this Memorandum of Understanding and a Voting and Contribution Agreement to confirm their binding agreements. The Executives and PHCR agree that this Memorandum of Understanding shall terminate and cease to be of effect upon the termination of the Merger Agreement or upon the execution of definitive agreements with respect to the matters set forth herein.
General Statement of Purpose. The United Way of Rockbridge (hereafter called United Way or UWR) and its funded agencies provide a broad range of services addressing the human service needs of people in the Buena Vista, Lexington and Rockbridge County community and to assure public support of United Way's efforts and its funded agencies. United Way provides leadership to meet the long term needs of the community by assessing the needs of the community helps to coordinate efforts to find the resources to meet those needs. United Way and its funded agencies will:
X. Xxxxxx, on a continuing basis, the need for human services and educational programs; seek solutions to address those needs; assist in the development of new services and educational programs; promote preventive activities, and xxxxxx cooperation among local, state and national agencies serving the community.
B. Develop the financial resources – governmental, community and voluntary - to meet the human support and educational needs of the community and promote sustainability of those resources.
C. Mobilize community support for the United Way’s the funded agencies.
General Statement of Purpose. Utica College agrees to articulate with Mohawk Valley Community College by providing opportunities for appropriately qualified students in MVCC’s Liberal Arts and Science: Psychology program to complete the Bachelor of Arts in Psychology.
General Statement of Purpose. Develop, coordinate and oversee the College’s general education program requirements.
General Statement of Purpose. In July 2024, the Town released a Request for Proposals for solid waste collection. (Ex. A.) Contractor submitted its response to the Town on August 2, 2024. (Ex. B.) Following a competitive process, the Town selected Contractor as the lowest and most responsive bidder. The Parties now desire to enter into a contract to implement a program for the hauling and disposal of trash and recyclables (“Services”). Contractor herein commits to provide timely and efficient Service to the Town without damaging Town property or streets and agrees to collect and dispose of trash and recyclables, at its own risk, consistent with the terms of this Contract. Where the terms of this contract are inconsistent with the terms set forth in the Request for Proposals or the Contractor’s response, the terms of this Contract shall prevail.
General Statement of Purpose. The purposes of the Transaction Committee of the Board of Directors (the “Committee”) of AlTi Global, Inc. (the “Company”) are to assist the Board of Directors (the “Board”) in reviewing and assessing all proposals, plans or recommendations by the Company’s management with respect to any (i) potential or proposed merger, acquisition, investment (including minority investments and investments into any funds), (ii) material asset purchase (including the hiring of groups of key employees of target businesses in lieu of acquiring legal entities or property) (with such threshold of “material” as determined by the Committee from time to time), (iii) divestiture or disposition of a material asset or a material portion of any business (with such threshold of “material” as determined by the Committee from time to time), and (iv) financing of any of the foregoing, including, for the avoidance of doubt, any Transaction (as that term is defined in the Capital Allocation & Joint Venture Committee Charter) recommended by the Capital Allocation & Joint Venture Committee of the Company (each, a “Transaction Proposal”). Any Transaction Proposal of the Company must be submitted by the Company’s management to the Committee prior to being pursued. Additionally, the Committee shall have the right to review and assess any proposals or recommendations by the Company’s management to hire certain advisors, as described in Section IV.C. Notwithstanding the foregoing, (a) any merger or consolidation of the Company with or into another person or entity, a merger or consolidation of another person or entity with or into the Company or the sale, transfer, or lease of all or substantially all of the assets of the Company, any recapitalization or reclassification of the Company or any other transaction that would result in a change of control of the Company and (b) any employment or staffing decisions made in the ordinary course of business that do not result in (1) the expansion of the Company’s existing business into new business lines or products or (2) the expansion of the Company’s current geographic operations into new geographic markets subject to regulatory regimes to which the Company is not already subject, including the solicitation and hiring or termination of employees or any retention arrangements, are not subject to the review of the Committee.
General Statement of Purpose. Utica College agrees to articulate with Herkimer County Community College by providing opportunities for appropriately qualified students in HCCC’s Radio- Television Broadcasting to complete the Bachelor of Science in Public Relations.
General Statement of Purpose. Utica College agrees to articulate with SUNY Cobleskill by providing opportunities for appropriately qualified students in SUNY Cobleskill’s Early Childhood-Teacher Education Concentration program to complete the Education program in Early Childhood(Birth – Grade 2).
