Examples of ABB Group in a sentence
The ABB Group has internal control systems to ensure that the Recurrent Related Party Transactions are undertaken on an arm’s length basis and on normal commercial terms consistent with the Group’s usual business practices and policies, which are not more favourable to the Related Parties than those extended to third parties/public and are not to the detriment of the minority shareholders.
There were neither amounts owing by the Related Parties to ABB Group as at LPD which exceeded the credit terms nor any late payment charges imposed on them pursuant to the Recurrent Related Party Transactions.
You have agreed, and by counter-signing the present Letter-Agreement confirm your agreement, that you shall not, during a period of 1 (one) year after the term of your employment relationship with the Company, operate on your own account, work for or otherwise be directly or indirectly engaged in a business competing with the business activities of the ABB Group.
The incentive formula is predominantly based on quantitative components, relating to the financial performance of the ABB Group.
In 2002, joined the Asea Brown Boveri (ABB) Group of Companies, based in Switzerland as CFO and Member of the Group Executive Committee.
She has held various board and senior management positions in the pension, asset management and consulting sector including CalPERS, ABB Group and Mercer.
It is not appropriate that ABB has the discretion to exercise a lien for all monies owing to any ABB Group Company.If ABB had a proper ring-fencing policy in place, it is unclear how it and its related bodies corporate would be aware of the various transactions that provide for the opportunity to exercise a lien.
For purposes of the foregoing, any sale, assignment, transfer, lease or other conveyance of all or any of the assets of one or more Subsidiaries of the Company (other than to the Company or another Subsidiary), which, if such assets were owned by the Company would constitute all or substantially all of the Company’s assets, shall be deemed to be the conveyance of all or substantially all of the assets of the Company to a member of the ABB Group.
For example, since 2017, the ABB Group has offered VR environments of some of their factories through an app available in major app stores.
Your employment relationship with the Company, with the terms and conditions as documented in the present Letter-Agreement, replaces any previous employment relationships and related items and conditions with entities of the ABB Group.