CM Business definition
Examples of CM Business in a sentence
Buyer shall not be responsible for any continuation of health care coverage, in accordance with the requirements of COBRA, for CM Business Employees who receive offers of employment or continued employment from or with Buyer pursuant to Section 5.5(a) but who do not become Buyer Employees.
Buyer shall cause each CM Business Employee employed by a Transferred Subsidiary immediately prior to the Closing Date to continue his or her employment with a Transferred Subsidiary with a term and condition of such continued employment being that his or her rate of base pay must be substantially similar to (and in no event less than 75% of) the base pay being paid to such CM Business Employee immediately prior to the Closing.
Within ninety (90) days following the end of each year, Buyer shall deliver to the Seller a statement setting forth Combined CM Business Revenue for such year and the calculation of the Contingent Consideration for such year (the “Contingent Consideration Statement”).
Seller makes no representation as to whether the CM Business Employees will accept employment with Buyer.
Assist in the development of UNIFIER workflows for all required CM Business Processes, assist in the training of CM staff, consultants and contractor teams who will be utilizing UNIFIER, and assist in the development and customization of required business templates, forms and reports generated from Unifer.
Assist in the development of CP&C CM Business Processes to define and document the business processes for conducting construction project contracts and documents in a Construction Management Information System (CMIS).
If in Year 3, the Year 3 Adjusted Base Revenue Threshold is met, then the Buying Entities designated by Buyer shall pay an amount equal to the lesser of (a) $1.0 million and (b) $1.0 million multiplied by (1) the Combined CM Business Revenue less Year 3 Adjusted Base Revenue Threshold divided by (2) [ * ] less Year 3 Adjusted Base Revenue Threshold.
If in Year 2, the Year 2 Adjusted Base Revenue Threshold is met, then the Buying Entities designated by Buyer shall pay an amount equal to the lesser of (a) $2.0 million and (b) $2.0 million multiplied by (1) the Combined CM Business Revenue less Year 2 Adjusted Base Revenue Threshold divided by (2) [ * ] less Year 2 Adjusted Base Revenue Threshold.
Buyer shall make due inquiry of each CM Business Employee who has not accepted an offer of employment with Buyer and, in the event such inquiry reveals or should have revealed any concern of the CM Business Employee about the bona fide nature of the offer of employment made by Buyer pursuant to Section 5.5(a), Buyer shall reaffirm to such CM Business Employee the bona fide nature of the employment offer made pursuant to Section 5.5(a).
The CM Business Employees who are required to be licensed or registered for the activities conducted by them in respect of the Business are and at all times since January 1, 2002 have been duly licensed or registered in each state or jurisdiction in which and with each Governmental Authority with whom such licensing or registration is so required.