Frelas definition

Frelas means John Xxxxxx. i. "Initial Public Offering" means the closing of an underwritten public offering of shares of common stock of WCCI to be listed on the New York Stock Exchange or the American Stock Exchange, or to be quoted on the National Association of Securities Dealers Automated Quotation System or the National Market System of the National Association of Securities Dealers pursuant to an effective registration statement under the Securities Act of 1933, as amended, covering the offer and sale of at least twenty percent (20%) of the common stock of WCCI outstanding immediately after such closing. j. "Person" shall mean a natural person, a partnership, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization or other entity, or a governmental entity or any department, agency or political subdivision thereof. k. "Subsidiary" shall mean each corporation, partnership, joint venture or other entity in which WCCI, at the time as of which such determination is being made, owns, directly or indirectly, any of the outstanding voting securities or equity interests.

Examples of Frelas in a sentence

• Xxxl Xxxxx & XcKexxxx 815 Xxxxxxxxxxx Xxxxxx Xxxxxxxxxx, X.X. 00000 X.X.X. Facsimile: (202) 000-0000 If to Frelas: John X.

• The existing innovation models focus on internal sources of ideas and compe- tence, rather than – as open innovation suggests – towards external sources (Fredberg et al., 2008).

• Frelas represents and warrants that he is not prevented by any other employment agreement, arrangement, contract, understanding, court order or otherwise, which in any way directly or indirectly conflicts, is inconsistent with, or restricts or prohibits him from fully performing the duties of the Employment, in accordance with the terms and conditions of this Agreement.

• During the term of this Agreement, Frelas shall be eligible to participate in such life insurance, disability, health, dental, and major medical insurance benefits as may be maintained from time to time for the benefit of the employees of the Company, in each case to the extent and in the manner available to other executive officers of the Company, as well as in such pension and such other employee benefit plans and programs as the Company may, in its sole to discretion, offer to Frelas.

• Frelas hereby agrees to keep all such information confidential, regardless whether documents containing such information are marked as confidential, if he has been told, or should reasonably know or expect, that such information is confidential.

• This Agreement is a personal service contract and shall not be assignable by Frelas or by the Company, except that the Company may assign this Agreement to an Associated Company or a Person which succeeds to the Company's rights and liabilities by merger, sale of assets as a going concern, or consolidation with the Company.

• Frelas hereby sells, transfers and assigns to the Company any right, title and interest in any and all inventions, improvements, discoveries, and ideas (whether or not patentable or copyrightable) (collectively the "Inventions") which Frelas may make or conceive while acting in his capacity as an employee of the Company during the term of this Agreement, and which relate to or are applicable to any phase of the Company's and the Associated Companies' businesses.

• Nothing in this Agreement, expressed or implied, is intended to confer upon any person other than the parties hereto any rights or remedies under or by reason of this Agreement (except that any option which has vested in Frelas as of the date of his death, as well as any accrued but unpaid compensation as of the date of his death, shall pass to his estate on death, subject to the limitations on exercise of the option contained in this Agreement).

• Each exercise of the Option shall reduce, by an equal number, the total number of shares of Company Common Stock that may thereafter be purchased by Frelas under the Option.

• Frelas has no reason to anticipate any change in his personal circumstances, financial or otherwise, which may cause or require sale or distribution by him of all or any part of the Option or the Shares.