Lightning Tool Sample Clauses

Lightning Tool. Each share of Lightning Tool common stock, $1.00 par value per share (the "Lightning Tool Common Stock"), that is issued and outstanding immediately prior to the Effective Time will, by virtue of the Merger, and without further action on the part of any holder thereof, be automatically converted into the right to receive, and shall be exchangeable for (subject to Sections 1.1(c) and 1.2), (a) at the Effective Time, that number of fully paid and nonassessable Flextronics Ordinary Shares obtained by multiplying each such share of Lightning Tool Common Stock by the Lightning Tool Exchange Ratio (as defined in Section 1.1(b)), and (b) on the Release Date, that number of fully paid and nonassessable Flextronics Ordinary Shares obtained by multiplying each share of Lightning Tool Common Stock by the Lightning Tool Hold-Back Exchange Ratio (as defined in Section 1.1(b)).
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Lightning Tool. Provided the procedures in Sections 15.2(c) and 15.2(e) are followed, Flextronics shall reduce the number of Lightning Tool Hold-Back Shares issuable to the Lightning Tool Shareholders by a number equal to the amount of Damages, if any, set forth in any Notice of Claim, divided by the Closing Price to the extent that the amount of such Damages does not exceed the number of Lightning Tool Hold-Back Shares available for such reduction (after giving effect to any previous reduction thereto) multiplied by the Closing Price. In the event of any Claim which the Representative shall, on the Release Date, be disputing pursuant to Section 15.2(c), Flextronics may reduce the number of Lightning Tool Hold-Back Shares to be issued to the Lightning Tool Shareholders on the Release Date by the Estimated Claim Amount with respect thereto. Upon resolution of such dispute Flextronics will issue to the Lightning Tool Shareholders the number of Lightning Tool Hold-Back Shares, if any, that the Lightning Tool Shareholders would have been entitled to had such dispute been resolved prior to the Release Date, but which were not issued to the Lightning Tool Shareholders on the Release Date as a result of the preceding sentence. To the extent the amount of any Damages for which an Indemnified Person is entitled to indemnification pursuant to Section 15.2 exceeds the number of remaining Lightning Tool Hold-Back Shares available for reduction therefor multiplied by the Closing Price, no additional Lightning Tool Hold-Back Shares will be allotted and issued and such Indemnified Person shall be entitled to indemnification as to such excess in cash pursuant to Section 15.2, including the limitations set forth therein. All indemnification obligations of the Lightning Tool Shareholders under this Section 15 shall be allocated proportionately among the Lightning Tool Shareholders pro rata based on the gross consideration payable to each Lightning Tool Shareholder under Section 1.1.

Related to Lightning Tool

  • Explosion Riot or civil commotion.

  • Vandalism Vandalism will result in cancellation of privileges. Vandalism is defined as any malicious attempt to harm or destroy data of another user, Internet, or any of the above listed agencies or other networks that are connected to any of the Internet backbones. This includes, but not limited to, the uploading or creation of computer viruses.

  • Windstorm or hail This peril does not include loss to the property contained in a building caused by rain, snow, sleet, sand or dust unless the direct force of wind or hail damages the building causing an opening in a roof or wall and the rain, snow, sleet, sand or dust enters through this opening. This peril includes loss to watercraft and their trailers, furnishings, equipment, and outboard engines or motors, only while inside a fully enclosed building.

  • Pandemic An epidemic that spreads over a wide area, crossing borders and defined as a pandemic by the World Health Organisation (WHO) and/or by the competent local authorities of the country where the loss occurred. Isolation of the person, in the event of suspected illness or proven illness, decided by a competent local authority, in order to avoid a risk of spreading said illness in the context of an epidemic or pandemic.

  • Fire Extinguishers Provide UL-listed extinguishers, cabinets and accessories from a single manufacturer such as X.X. Industries or Xxxxxx’x Manufacturing Company that comply with local fire marshal approval. 12.1 Systems Furnishings: Systems furnishings will be supplied and installed by the State. It will be the Lessor’s responsibility to complete the electrical connections from the building electrical grid to the power connections or power poles for the system furnishings (see Division 16, Electrical).

  • Safety Glasses Section 1. The City shall supply prescription safety glasses with plastic lenses to employees who are required to wear safety glasses and who are members of the classifications contained in Appendix C to this contract. Safety glasses which are authorized must be industrial grade safety glasses which meet or exceed the requirements of ANSI Specification Z87. 1. All employees who are required to wear safety glasses shall also be required to wear side xxxxxxx, either permanent or snap-on, whenever an eye hazard exists. Solid tinted glasses will not be approved unless required by prescription. Photogray, progressive, scratch coating and/or anti-glare lenses may be considered for those employees who primarily work outdoors or as prescribed. In the event that additional classes are identified as needing either prescription safety glasses or protective eyewear, such classes may be added to the classification list in Appendix C upon approval of PAGE and the City. Section 2. The City agrees to pay the full cost of required prescription safety glasses, with frames not to exceed $75.00. This excludes the cost of the eye examination which will be the responsibility of the employee. The effected employees will be allowed one (1) replacement of safety glasses every two (2) years. In the event the safety glasses become lost, unserviceable, or broken on the job, the employee must present a written request for replacement to the Department Head and Human Resources Director. If the employee breaks his safety glasses while on the job, the Department shall replace the glasses at no cost to the employee. The replacement of lost glasses or glasses that are broken off the job will be at the discretion of the Department Head and Human Resources Director. If an employee has been provided safety glasses by the City, the employee shall be permitted to retain possession of the glasses after separation from the City without reimbursing the City for any costs associated with the glasses. Section 3. An employee who is required to wear prescription safety glasses must present a written request to his department head or designated representative. Section 4. The employee must obtain a current prescription and the employee is authorized the use of sick leave not to exceed two (2) hours to accomplish this examination. The employee will obtain a purchase order from the Department Head prior to ordering the safety glasses. The employee will present the purchase order to the appropriate vendor when ordering. The vendor will contact the appropriate Department Head when the glasses are ready for delivery. The Department Head will then notify the employee who will present himself at the vendor for fitting and pickup. Section 5. In the event a probationary employee has been issued safety glasses and terminates his employment with the City for any reason during the probationary period, he shall be required to reimburse the City for any expenses incurred in the purchase of safety glasses.

  • Inclement Weather 24.1 This Inclement Weather clause sets out the full rights, obligations and entitlements of the parties and establishes the conditions under which payment for periods of inclement weather shall be made. 24.2 This Inclement Weather clause is to be read and observed in lieu of the provisions of the award and VBIA. 24.3 Definition – inclement weather Inclement weather shall mean the existence of rain or abnormal climatic conditions (whether they be those of hail, snow, cold, high wind, severe dust storm, extreme high temperature or the like or any combination thereof) by virtue of which it is either not reasonable or not safe for employees exposed thereto to continue working whilst the same prevail.

  • Sabotage Sabotage is of concern to all Parties involved on any work site and may affect safety, and therefore both the physical and mental well being of all persons on site. The Parties to this Agreement will not tolerate sabotage, and will ensure that any person/s responsible for such action is immediately dismissed. It is accepted that the relevant authorities may have to be notified, and provisions of the OH&S Act implemented.

  • Weather User understands and agrees that during the term of this agreement, User will strictly adhere to the Weather Protocols set forth in the Grand Park Emergency Management Plan. The Grand Park Emergency Management Plan is made available on the Grand Park website or by request a copy may be provided by the Commission. In the event of inclement weather, the Commission will retain final determination as to the ability of the facility to support the Event. a. If the facility is unable to support the event due to an "Act of God" the Commission will not provide a refund or credit to the User. User may obtain event insurance through a vendor of their choosing to cover the "Act of God" scenario. b. If the facility is deemed unable to support the event by the Commission, the Commission will work with the User to reschedule such activity as was affected by the facility closure. In such case that the activity may not be rescheduled, Commission will credit the User for such activity as was affected by the closure and allow the credit to be utilized toward a future event. c. If the facility is deemed unable to support the event by the User, the Commission will work with the User to reschedule such activity as was affected within the general time constraints of the User's Event. In such case that the activity may not be rescheduled, Commission will not credit the User.

  • General Liability and Property Damage With respect to all operations performed under this Agreement, the Party shall carry general liability insurance having all major divisions of coverage including, but not limited to:

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