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.
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Foodservice Business means (1) the businesses and operations conducted by the Foodservice segment of Manitowoc ParentCo 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.
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Examples of Foodservice Business in a sentence

  • Coincident with the Spin-Off, Manitowoc ParentCo will change its name to Manitowoc Cranes, Inc.Prior to the Distribution, Manitowoc ParentCo will undertake a series of internal transactions (the “Internal Reorganization”), following which Manitowoc ParentCo will hold, in addition to the shares of our common stock, its current crane business and we will hold 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.

  • For the avoidance of doubt, Section 5.1(b) will govern whether the Manitowoc Foodservice Spinoff Welfare Plans or Split Welfare Plans are responsible for claims incurred by Manitowoc Foodservice Group Employees, Former Foodservice Business Employees, or their qualified beneficiaries, while receiving continuation coverage under COBRA.

  • The parties agree that their respective rights and obligations to maintain, preserve, assert or waive any or all Privilege belonging to any party with respect to the Manitowoc ParentCo Business and the Foodservice Business will be governed by the provisions of this Section 4.11.

  • 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.

  • Xxxx (“Existing Employment Agreement”) Dear Xxxx: This letter (the “Amendment”) is intended to amend the Existing Employment Agreement.

  • Each Manitowoc Foodservice Spinoff DB Plan shall assume liability for all benefits accrued or earned (whether or not vested) by Manitowoc Foodservice Group Employees and Former Foodservice Business Employees and their respective Plan Payees under the corresponding Split DB Plan as of the Plan Split Date.

  • 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.

  • The Board of Directors of Manitowoc ParentCo has determined that it would be appropriate and desirable to separate the Foodservice Business (as defined below) from Manitowoc ParentCo. This Agreement is being entered into simultaneously with the distribution by Manitowoc ParentCo of all the outstanding shares of common stock of SpinCo (the “Distribution”).

  • As of the Plan Split Date, each Manitowoc Foodservice Spinoff Retiree Welfare Plan shall cover those Manitowoc Foodservice Group Employees and Former Foodservice Business Employees and their Plan Payees who immediately prior to the Plan Split Date were participating in, or entitled to present or future benefits under, the corresponding Split Retiree Welfare Plan.


More Definitions of Foodservice Business

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).
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Foodservice Business has the meaning set forth in the Separation Agreement.
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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.
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Foodservice Business is defined in the Preliminary Statement of this Agreement.
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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 Bxx X. Kxxxx Company, Cxxxxx Brothers, Inc., Gxxxxx Food Service, MxXxxx 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.
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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.
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Related to Foodservice Business

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Company Business means the business of the Company as presently conducted.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • Separate Business means each of the activities of the Licensee connected

  • Licensed Business means the activities connected with the conveyance of

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental thereto.

  • Women Business Enterprise (WBE) as used in this policy means a business enterprise that meets all of the following criteria:

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • Micro Business means a company which either:

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • Active business operations means all business operations that are not inactive business operations.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.