Business succession agreement definition

Business succession agreement means a legally binding agreement between business partners under which the life insured’s share of the business is to be purchased by the other partner(s) upon the occurrence of defined events. In this context ‘the value associated with the business insurance purpose’ means the value of the life insured’s financial interest in the business.
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Business succession agreement means a legally binding agreement between business partners under which the member’s share of the business is to be purchased by the other partner(s) upon the occurrence of defined events. In this context ‘the value associated with the business insurance purpose’ means the value of the member’s financial interest in the business.
Sample 1Sample 2
Business succession agreement means a legally binding agreement between business partners under which the life insured’s share of the business is to be purchased by the other partner(s) upon the occurrence of defined events.
Sample 1Sample 2

More Definitions of Business succession agreement

Business succession agreement means a legally binding agreement between business partners under which the member’s share of
Sample 1
Business succession agreement or “BSA” means Business Succession Agreement dated August 03, 2020 entered between the Acquirer, who is the sole proprietor of M/s. Balu India, and the Target Company, prescribing the details of succession of Balu India by the Target Company, wherein the Acquirer will receive Consideration (other than cash) by way of allotment of Equity Shares of the Target Company equivalent to the fair market value of Balu India.
Sample 1

Related to Business succession agreement

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being:

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Long Term Supply Assignment means, in relation to an employee,

  • Acquisition Agreements has the meaning specified in the Recitals.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Designation Agreement means a designation agreement entered into by a Lender (other than a Designated Bidder) and a Designated Bidder, and accepted by the Agent, in substantially the form of Exhibit D hereto.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Admission Agreement An admission agreement in the form available on the Civil Service Pensions website immediately prior to the Relevant Transfer Date to be entered into by the Supplier where it agrees to participate in the Schemes in respect of the Services;

  • Assumption Agreement has the meaning specified in Section 2.18(d)(ii).

  • Transaction Agreement has the meaning set forth in the recitals.

  • Variation Agreement means the agreement a copy of which is set out in Schedule 2;

  • Company Acquisition Agreement has the meaning set forth in Section 5.04(a).

  • Purchase Agreement Assignment means the Purchase Agreement and Engine Warranties Assignment [________], dated as of even date with the Participation Agreement, between Lessee and Owner Trustee.

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Acquisition Agreement means a letter of intent, agreement in principle, merger agreement, acquisition agreement, option agreement or other similar agreement.

  • Alliance Agreement has the meaning given to such term in paragraph 11.2 of Schedule 13 (Information and Industry Initiatives);

  • Novation Agreement means a legal instrument—

  • Trademark Assignment Agreement has the meaning set forth in Section 2.01.

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

  • Mediation agreement means a written agreement between the parties to a mediation meeting.