CVS Group definition
Examples of CVS Group in a sentence
Liability for all Other Taxes attributable to the CVS Group shall be the sole responsibility of CVS and its Post-Deconsolidation Affiliates.
Except as expressly provided otherwise in Section 3.01, to the extent that any guarantee is required to be provided after the date hereof with respect to any real estate or other lease entered into by a Person in the Linens Group, such guarantee shall not be furnished by any Person in the CVS Group.
Overtime immediately following and concurrent with the end of a regularly scheduled shift shall be known as shift extension and shall be paid at the rate of one and one half-times (1.5 x’s) employees regular rate of pay for time worked in excess of fifteen (15) minutes beyond the regular or designated duty shift.
Except as otherwise contemplated hereby, all prior agreements and arrangements, including those relating to goods, rights or services provided or licensed, between the Linens Group and the CVS Group shall be terminated effective as of the Initial Public Offering Date, if not theretofore terminated.
Notwithstanding anything else contained herein, CVS will be liable for any deductible or retention amounts under its directors and officers liability insurance policies with respect to claims under such policies in respect of individuals who were officers, directors and/or employees of the CVS Group prior to the Initial Public Offering and arising from acts, omissions or events occurring prior to the Initial Public Offering.
Within three months after the date hereof, the Board of Directors of Linens (the "Linens Board") shall fill two of the vacancies on the Linens Board with individuals who are not officers or employees of any entity in the CVS Group or the Linens Group.
In determining whether the Holders of the requisite aggregate principal amount of Notes have concurred in any direction, consent or waiver as provided under the Notes, Notes which are owned by the Issuer or any Subsidiary or any other obligor on the Notes shall be disregarded and deemed not to be outstanding for the purpose of any such determination; it being understood that any Notes owned by the CVS Group shall be deemed outstanding for purposes of making such a determination.
All intercompany receivable, payable and loan balances in existence as of the date hereof between the CVS Group and Linens Group will be eliminated in the manner described in the Registration Statement.
The Goodwill is also attributable to the skills and technical talent of the CVS Group work force.None of the goodwill recognized is expected to be deductible for tax purposes.Upon the same Share Purchase Agreement (“SPA”), the Inelo Group has agreed to acquire the remaining 26,5% non-controlling interest in CVS Group in two tranches.
Save-As-You-Earn (“SAYE”)The Group operates an equity incentive scheme for all UK employees, the CVS Group SAYE plan, an HM Revenue & Customs-approved scheme.