Examples of IP Entity in a sentence
Spinco shall reimburse IP for all reasonable out-of-pocket costs and expenses incurred by any IP Entity in connection with any Notified Action within ten (10) days after receiving an invoice from IP therefor.
IP shall be responsible for any withholding Taxes and employment Taxes attributable to the IP Incentive Stock, to the extent that such liability is a legal obligation of any IP Entity or any Spinco Entity.
IP shall prepare and file (or cause to be prepared and filed) each Tax Return required to be filed by an IP Entity and shall pay, or cause such IP Entity to pay, all Taxes shown to be due and payable on each such Tax Return; provided that Spinco shall reimburse IP for any such Taxes that are described in clause (i) of the definition of Spinco Taxes.
Without the consent of IP, no such deduction will be claimed by any Spinco Entity for any Post-Distribution Period (whether or not an IP Entity is entitled to such deduction).
For the avoidance of doubt, Spinco shall be responsible for any interest, penalties or additions to Tax resulting from the late filing of any Tax Return described in Section 2.01(c) except to the extent that such late filing is caused by the failure of any IP Entity to provide relevant information necessary for the preparation and filing of such Tax Return.
To the extent permitted by applicable Law, any Income Tax deduction arising in respect of the exercise of an IP stock option by any Spinco Business Employee, the vesting of any IP stock issued to any Spinco Business Employee or any similar item of equity compensation (together, the “IP Incentive Stock”) shall be claimed by an IP Entity.
Any assignee of the above covenants granted by a Seller IP Entity or Buyer IP Entity (or of any Intellectual Property of any such Person bound by any of the above covenants) is deemed to have automatically assumed the obligations of the assigning party in this Section 8.7, and the assigning party shall be released from its obligations in this Section 8.7 that accrue after any such assignment date with respect to the applicable covenant or Intellectual Property that has been assigned.
Without limiting the foregoing, the above covenants granted by each Seller IP Entity or Buyer IP Entity shall be deemed to “run with” the Intellectual Property bound thereby, and shall at no time be legally separated from same.
The rights of each IP Entity, each Spinco Entity and UWWH and its Subsidiaries to amend, waive, or terminate any plan, arrangement, agreement, program, or policy referred to herein shall not be limited in any way by this Agreement.
Customers are individuals or entities who obtain products or services from an NN IP Entity.