Examples of Held Separate Business in a sentence
The Saint-Gobain New Board or Management Committee Member for each New Board or Management Committee for each Held- Separate Business shall not have any direct responsibility relating to any Saint-Gobain business that manufactures, markets or uses the products, or products that compete with, products manufactured or marketed by such Held-Separate Business.
The Scrutinizer will submit his report to the Vice Chairman & Managing Director after the completion of scrutiny, and the results of voting by postal ballot (including voting through electronic means) will be declared by placing it along with the Scrutinizer’s report on the Company’s website www.terasoftware.com and communicated to the Stock Exchanges.
The remedy to address these competitive concerns often involves a mechanism that has been successfully deployed in the past, that of the Held Separate Business (“HSB”).
The Hold Separate Order also requires Diageo to commit that no confidential information of the Captain Morgan Rum business will be disclosed to the Malibu brand team (designated as the “Malibu Rum Employees,” on the attached list of employees), and that no confidential information relating to Malibu Rum will be disclosed to employees of the Held Separate Business.
The Hold Separate Trustee shall have the responsibility, consistent with the terms of this Hold Separate Order and the Decision and Order, for monitoring the organization of the Held Separate Business; for managing the Held Separate Business through the Managers; for maintaining the independence of the Held Separate Business; and for monitoring Respondent’s compliance with its obligations pursuant to this Hold Separate Order and the Decision and Order.