Gaming & Entertainment definition
Examples of Gaming & Entertainment in a sentence
All notices, requests, demands and other communications pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if personally delivered, telexed or telecopied to, or, if mailed, when received by, the other party at the following addresses (or at such other address as shall be given in writing by either party to the other): If to the Company, to: ▇▇▇▇▇▇▇ Gaming & Entertainment, Inc.
At the Effective Time and in exchange for the transfer by DVD to Gaming & Entertainment of the Slots Stock as provided in this Agreement, Gaming & Entertainment will issue and deliver to DVD certificates representing the number of shares of Gaming & Entertainment Common Stock and Gaming & Entertainment Class A Common Stock as are required by Section 2.01 (a) hereto.
DVD has formed Gaming & Entertainment as a wholly owned subsidiary for the purpose of taking title to the stock of Dover Downs, Inc.
In addition to the foregoing, any amendment to this Agreement must, in the case of each of Gaming & Entertainment, DVD, and Slots, be approved by one of their respective elected officers, with their respective execution of such amendment to evidence conclusively such approval.
Assets shall be transferred entirely in (a) cash or other assets acceptable to the Gaming & Entertainment Plan's trustee and (b) notes which represent the participant loans of individuals whose DVD 401(k) Plan accounts are being transferred.
To the extent that investment options are different, participants' accounts will be either mapped into comparable investment options under the Gaming & Entertainment 401(k) Plan, or participants will be afforded the opportunity to choose the investment options into which their DVD 401(k) Plan account will be transferred, all as determined by the Plan administrator of the Gaming & Entertainment 401(k) Plan.
Nothing contained in this Agreement, express or implied, is intended to confer any benefits, rights or remedies upon any person or entity other than the DVD Indemnitees and Gaming & Entertainment Indemnitees under Section 6 of this Agreement.
DVD and Gaming & Entertainment recognize that each of them will require certain information regarding employees of the other company or its subsidiaries, including without limitation information regarding past service and compensation information used to determine accrued benefits.
Effective as of the Spinoff Date, to the extent (if any) required by applicable law, Gaming & Entertainment and/or Slots will assume DVD's obligation to comply with any garnishment order applicable to any Employee.
Several current executive officers of DVD will be executive officers of both DVD and Gaming & Entertainment immediately after the Distribution Date.