General Technology definition
Examples of General Technology in a sentence
Supervises a group of information technology (IT) staff in one of the following technology disciplines: Application Development, Network, Security, Database or General Technology Support; performs other related duties as assigned.
Crane, through its wholly owned subsidiary General Technology Corporation, which was acquired by Crane in November 2002, purchased from Signal approximately $2.1 million of electronic components in 2002 (including the pre- and post-acquisition periods) and approximately $300,000 of electronic components (including a pending order) to date in 2003.
Moreover, while the executive Directors and the non-executive Directors concurrently serve as director or senior management of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the General Technology Services Agreement entered into by the Company and the Technology Company.
On 1 December 2023, the Company and the Technology Company entered into the General Technology Services Agreement, pursuant to which the Technology Company agreed to provide the System Maintenance Services to the Company in relation to the production operations and operations management systems of the Company for a term commencing from 1 December 2023 to 30 November 2026.
The Directors (including the independent non-executive Directors) are of the view that the General Technology Services Agreement is entered into on normal commercial terms that are fair and reasonable, and the transactions contemplated under the General Technology Services Agreement are in the interest of the Company and the Shareholders as a whole.
As the highest of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the transactions contemplated under the General Technology Services Agreement, is more than 0.1% but less than 5%, the General Technology Services Agreement is subject to the reporting, annual review and announcement requirements, but is exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Pursuant to the General Technology Services Agreement, the Technology Company agreed to provide the System Maintenance Services in relation to the production operations and operations management systems of the Company.
The General Technology Services Agreement and the transactions contemplated thereunder, including the annual caps, were approved by the Board.
If Buyer decides to purchase the General Technology, Buyer shall give written notice accepting such offer to such Seller within thirty (30) days of receipt of such Seller's offer (the "Offer Period").
Accordingly, the General Technology Services Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.