Foodservice Business definition

Foodservice Business means the Foodservice business segment as described in Part 1, Item I of Form 10-K filed by Manitowoc with the United States Securities and Exchange Commission for the fiscal year ended December 31, 2011.

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Foodservice Business means (i) the businesses and operations conducted by the Foodservice segment of Manitowoc ParentCo and its Affiliates (including, for purposes of this definition, SpinCo and its respective Affiliates) prior to the Effective Date, and (ii) except as otherwise expressly provided in this Agreement, any terminated, divested or discontinued businesses or operations that at the time of such termination, divestiture or discontinuation related to the Foodservice Business (as described in the foregoing clause (i)) as then conducted.

Foodservice Business means (1) the businesses and operations conducted by the Foodservice segment of the Company and its affiliates (including, for purposes of this definition, Manitowoc Foodservice and its affiliates) prior to the consummation of the Spin-Off, and (2) except as otherwise expressly provided in the Separation and Distribution Agreement (as defined herein), any terminated, divested or discontinued businesses or operations that at the time of such termination, divestiture or discontinuation related to the Foodservice Business (as described in the foregoing clause (1)) as then conducted.

Examples of Foodservice Business in a sentence

Manitowoc ParentCo and the Foodservice Business both make use of various elements of intellectual property and this IP Agreement is intended to set forth the principal arrangements between them regarding the distribution of, rights to and use of certain such intellectual property.
Each Manitowoc Foodservice Spinoff DC Plan will assume liability for all benefits accrued or earned (whether or not vested) by Manitowoc Foodservice Group Employees and Former Foodservice Business Employees under the corresponding Split DC Plan as of the Plan Split Date or Applicable Transfer Date to the extent the Applicable Transfer Date occurs on or before the first anniversary of the Distribution Date.
Manitowoc Foodservice Group shall have sole responsibility for the administration of the Manitowoc Foodservice Deferred Compensation Plan and the payment of benefits thereunder to or on behalf of Manitowoc Foodservice Group Employees and Former Foodservice Business Employees, and no member of the Manitowoc ParentCo Group shall have any liability or responsibility therefor.
For no fewer than seven years after the Effective Date, Manitowoc ParentCo will use commercially reasonable efforts to make available to SpinCo, upon written request, historical insurance loss Information relating to the Foodservice Business and any other Information relating to Manitowoc ParentCo’s historic insurance program with respect to the Foodservice Business.
SpinCo will promptly pay or reimburse Manitowoc ParentCo, as the case may be, for all costs and expenses associated with the D&O Tail that are allocated by Manitowoc ParentCo to SpinCo in accordance with Manitowoc ParentCo’s practice with respect to the Foodservice Business as of the Effective Date.

More Definitions of Foodservice Business

Foodservice Business means Manitowoc Foodservice, Inc. and its combined subsidiaries, after giving effect to the Internal Reorganization and the Distribution as described in the Form 10.

Foodservice Business has the meaning set forth in the Separation Agreement.

Foodservice Business is defined in the Preliminary Statement of this Agreement.

Foodservice Business means the businesses conducted by the Parent Guarantor and its Affiliates which consist of (i) providing food and facilities management services to businesses and industrial operations, health care facilities, schools and universities, (ii) providing commercial laundry services, (iii) managing the Retained Conference Centers (as defined in the Distribution Agreement) and (iv) business undertaken pursuant to the NANA Joint Ventures (as defined in the Distribution Agreement), each of the foregoing as and to the extent conducted through the Parent Guarantor's Marriott Management Services strategic business unit (referred to in the Distribution Agreement).

Foodservice Business means the businesses conducted by the Borrower and its Affiliates which consist of (i) providing food and facilities management services to businesses and industrial operations, health care facilities, schools and universities, (ii) providing commercial laundry services, (iii) managing the Retained Conference Centers (as defined in the Distribution Agreement) and (iv) business undertaken pursuant to the NANA Joint Ventures (as defined in the Distribution Agreement), each of the foregoing as and to the extent conducted through the Borrower's Marriott Management Services strategic business unit (referred to in the Distribution Agreement).

Foodservice Business means the business of distributing, managing, processing, cutting, and/or packaging food and foodservice products and associated inventory. For avoidance of doubt, and without limiting this Section 3(a), the Parties acknowledge and agree that B▇▇ ▇. K▇▇▇▇ Company, C▇▇▇▇▇ Brothers, Inc., G▇▇▇▇▇ Food Service, M▇▇▇▇▇ Company, Inc., Shamrock Foods, Sysco Corporation, and U.S. Foods, Inc. each are engaged in the Foodservice Business. The term "Competitive Activity” means (a) participating, directly or indirectly, in any Foodservice business as a director, officer, stockholder, employee, salesman, partner, individual proprietor or in any other capacity, (ii) acting as a paid or unpaid consultant, representative or advisor to such business, (iii) participating in such business as an investor (whether through loans, contributions to capital or otherwise) or having a controlling influence over such business or (iv) permitting your name to be used by or in connection with such business; provided, however, that this Section 3(a) shall not preclude (y) the purchase of securities that are listed on a national securities exchange of any entity that is competitive with the Company Group, provided that you may not beneficially own more than five percent (5%) or more of any class of such securities, or (z) providing services to an entity engaged in supplying Foodservice products to the Company Group or an entity that purchases such products from the Company Group (i.e., a non-distributor, non-competitor of the Company Group’s Foodservice Business). For avoidance of doubt, this Agreement does not bar you from serving as a director for a Company Group supplier or customer.

Foodservice Business means (a) the Foodservice Assets and (b) the design, development, distribution, servicing, sale, manufacture and marketing of glass products in the Foodservice Channel.