Carrying on a Business means to engage in any such business as a lender, stockholder, sole proprietor, partner, member of a limited liability company, officer, director, manager, employee, stockholder or similar capacity. It is expressly agreed that the foregoing is not intended to restrict or prohibit, and shall not restrict or prohibit, the ownership by such Selling Member of stock or other securities of a publicly-held corporation, provided such Selling Member does not directly or indirectly possess beneficial ownership of more than five percent (5%) of the voting equity of such corporation and does not directly or indirectly participate in any management or advisory capacity with respect to such entity.
Carrying on a Business means to engage in any such business as a sole proprietor, partner, member of a limited liability company, corporate officer, director, employee or stockholder. It is expressly agreed that the foregoing is not intended to restrict or prohibit the ownership by Executive of stock or other securities of a publicly-held corporation in which Executive does not (a) possess beneficial ownership of more than 5% of the voting capital stock of such corporation or (b) participate in any management or advisory capacity. In addition, it is also agreed that the foregoing shall not prohibit Executive from serving as a director pursuant to terms of Section 2.3.
Carrying on a Business means to engage in any Insurance Related Business including, without limitation, by way of solicitation of, or the acceptance of any offer to provide Insurance Related Business to, any client (whether or not a client of any Seller Party or any of the USI Companies), Client or Active Prospective Client whether as a sole proprietor, partner, member of a limited liability company, officer, director, employee, stockholder, consultant, independent contractor or any other similar capacity of the foregoing. It is expressly agreed that the foregoing is not intended to restrict or prohibit, and shall not restrict or prohibit, (a) the ownership by such Seller Party or its Affiliates of stock or other securities of a publicly-held corporation in which it does not possess beneficial ownership of more than five percent (5%) of the voting stock of such corporation or participate in any management or advisory capacity, or (b) the acquisition by any Seller Party or its Affiliates of any banking institution owning any Insurance Related Business prior to the date of such acquisition (provided that (A) the primary purpose of such acquisition is not to circumvent this Section 9.3 and (B) less than thirty percent (30%) of the revenues attributable to such acquired or acquiring business derive from Insurance Related Business). “Insurance Related Business” shall mean the providing of insurance agency, brokerage and related services other than with respect to either title insurance products and/or, to the extent sold or placed through the wealth management operations of the Holding Corporation or its Affiliates (other than Seller), life insurance products, including, without limitation, (i) the sale or brokerage of employee benefit products and services and other related consulting and administrative services, (ii) the sale or brokerage of property and casualty products and services, risk management and loss control services, third party administration, the analysis of loss exposures and designs, loss reserves and rate reviews, self-insurance consulting, reinsurance and excess stop loss (both specific and aggregate) placement and the management of insurance programs, the management and oversight of, and responsibility for, clients in the insurance brokerage industry, in each case to the extent conducted by Seller in the Ordinary Course of Business immediately prior to Closing.
Examples of Carrying on a Business in a sentence
TermDefinitionPerson Carrying on a Business orUndertaking (PCBU)An individual or organisation that arranges, directs or influences work to be done or contributes something towards the work beingdone.
Carrying on a Business FCT V Whitfords Beach Pty Ltd & Stevenson V FCT (1991)FCT v Myer Emporium: Extraordinary and Isolated can be ordinaryFirst Strand of Myer• Extraordinary/isolated transaction will satisfy the FIRST STAND OF MYER when the following are ALL MET:1.
Recommendation 28:That VAGO ensures all members of the Health and Safety Committee and the Persons Carrying on a Business Undertaking are provided with and attend appropriate training.
Carrying on a Business as a Professional Artist as the basis for defining professionalism and thus be able to distinguish between the work of professional visual artists and craft practitioners and the activities of hobbyists.
The paper will then conclude the topics.2 SMSFs Carrying on a Business As noted above, there is no express prohibition on an SMSF undertaking a property development or carrying on a property development business.
More Definitions of Carrying on a Business
Carrying on a Business means to engage in any such business as a sole proprietor, partner, member of a limited liability company, officer, director, employee, consultant, contractor, stockholder or similar capacity. It is expressly agreed that the foregoing is not intended to restrict or prohibit, and shall not restrict or prohibit, the ownership by such Seller of stock or other securities of a publicly-held corporation in which he or she does not possess beneficial ownership of more than 5% of the voting stock of such corporation or participate in any management or advisory capacity.
Carrying on a Business means to engage in any such business as a sole proprietor, partner, member of a limited liability company, officer, director, employee, stockholder or similar capacity. It is expressly agreed that the foregoing is not intended to restrict or prohibit, and shall not restrict or prohibit, the ownership by such Seller of stock or other securities of a publicly-held corporation in which he or she does not possess beneficial ownership of more than 5% of the voting stock of such corporation or participate in any management or advisory capacity. For purposes of this subsection (d) only, the term “Companies Business” shall not include web-developing and system integrating services for e-Commerce systems outside of the market for adult entertainment products.
Carrying on a Business means conducting a commercial enterprise for profit where the provision of the designated service is a core activity of the business.
Carrying on a Business has the meaning set forth in Section 9.3 hereof.
Carrying on a Business has the meaning set forth in Section 9.3 hereof. “Client” means any Person (including, without limitation, any insured, or any insured to whom or which any Producer provides insurances services) to whom or which Seller (or any of its employees or independent contractors on behalf of Seller) has provided, at any time within the 24 months preceding the Closing Date, any services that Seller provides in the conduct of Seller Business. For purposes of this Agreement, “Client” shall also include, without limitation, any employer, employer group, affinity group, association and any member of any of the foregoing, any individual insured, retail insurance agent or broker, and any insurance carrier or other entity to the extent third party administration claims processing or underwriting is performed by such Person for such carrier or other entity. “Client Accounts” shall mean the business account between Seller and any Client of Seller, including, without limitation, any Person who or which is provided any Seller Business by Seller as of the Closing Date, regardless of whether such services are provided by, or through the licenses of, Seller (or any of its agents). “Closing” has the meaning set forth in Section 5.1 hereof. “Closing Consideration” has the meaning set forth in Section 2.1(a) hereof. “Closing Date” has the meaning set forth in Section 5.1 hereof. “Cober” means Xxxxx Xxxxx.