Carmax Group definition

Carmax Group means, as of any date:
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Carmax Group means CarMax, and each Subsidiary of CarMax, immediately after the Separation.
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Carmax Group means, as of any date (i) all assets and liabilities of Circuit City Stores and its Subsidiaries attributed by the Board to the CarMax Group, (ii) all properties and assets transferred to the CarMax Group from the Circuit City Group pursuant to transactions in the ordinary course of business of the Circuit City Group and the CarMax Group or otherwise as the Board may have directed as permitted by the Articles and (iii) the interest of Circuit City Stores or any of its Subsidiaries in any business or asset acquired and any liabilities assumed by Circuit City Stores or any of its Subsidiaries outside of the ordinary course of business and attributed to the CarMax Group, as determined by the Board.
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Examples of Carmax Group in a sentence

  • The Company shall provide to the Executive all benefits, as commensurate with the position of Carmax Group President, but at a minimum not less than those provided by the Company to other senior executives subject to the eligibility requirements and other provisions of such arrangements.

  • The Company shall provide to the Executive, at the Company’s cost, all perquisites, which are commensurate with the position of Carmax Group President but at a minimum not less than those provided by the Company to other senior executives.

  • In addition to his salary, the Executive shall be entitled to participate in the Company’s short-term incentive program, as such program may exist from time to time, with bonus opportunities equal to a minimum of 60% of Base Salary and commensurate with the position of Carmax Group President, as determined at the sole discretion of the Company’s Compensation Committee.

  • The Company hereby agrees to employ the Executive and the Executive hereby accepts employment as Carmax Group President of the Company, in accordance with the terms and conditions set forth herein, for an initial period of three (3) years, commencing as of the Effective Date of this Agreement, as indicated above; subject, however, to earlier termination as expressly provided herein.

  • In his capacity as Carmax Group President of the Company, the Executive shall report directly to the CEO and shall have the duties and responsibilities of Carmax Group President, and such other duties and responsibilities not inconsistent with the performance of his duties as Carmax Group President.

  • During the term of this Agreement, the Executive agrees to serve as Carmax Group President of the Company.

Related to Carmax Group

  • CarMax Auto means CarMax Auto Superstores, Inc., a Virginia corporation. “CarMax, Inc.” shall mean CarMax, Inc., a Virginia corporation.

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • CarMax means CarMax Business Services, LLC, a Delaware limited liability company.

  • General Motors Financial Company, Inc. means General Motors Financial Company, Inc. (f/k/a AmeriCredit Corp.).

  • Toyota Group means Toyota (GB) PLC or Toyota Motor Europe;