ITT Group definition
Examples of ITT Group in a sentence
Governance RequirementsApplicable state and federal laws, rules, regulations, and provisions of the charter contract relating to governance by its board.
As soon as practicable on or after the Distribution Date, ITT shall transfer to Defense the assets and liabilities associated with Defense ITT Group employees who participated in the Non-US DC Plan identified as the ITT Retirement Savings Plan — ITT Industries (UK) as Item 14 of Schedule 4(a)(iii) prior to the Distribution, unless any such employee elects otherwise.
Effective as of the Distribution Date, Water Employees and Defense Employees shall cease active participation in all ITT Stock Plans; provided, however, that Water Employees and Defense Employees shall receive full credit under any substitute stock awards in respect of Water Common Stock and Defense Common Stock, respectively, for their service to ITT Group prior to the Distribution.
It was seen as being a formal key or a substancial necessary criteria.
The execution and delivery of this Agreement by each member of the ITT Group, the performance by each member of the ITT Group of its obligations hereunder and the consummation by each member of the ITT Group of the transactions contemplated hereby have been duly authorized by all requisite corporate action on the part of each member of the ITT Group.
Each representation and warranty of each member of the ITT Group is made on the assumption that there are no facts or circumstances particularly applicable to any member of the Rainbow Group or any of their respective Affiliates and that no action has been taken by any member of the Rainbow Group or any of such Affiliates that would make such representation or warranty untrue.
Certain current and former employees of ITT Industries, ITT Destinations and ITT Hartford participate in (i) ITT Group pension plans and savings plans made available for ITT Group employees in Canada, the United Kingdom, Belgium and Ireland or (ii) expatriate pension plans.
Immediately following the Mandatory Contribution, the ITT Group and the Rainbow Group shall each collectively own an interest equal to 50% of the entire interest in MSG and SCNYHP shall be admitted as a partner to MSG.
No member of the Rainbow Group, on the one hand, and no member of the ITT Group, on the other hand, may rely on the failure of any condition set forth in Section 7(a) or 7(b), respectively, to be satisfied if such failure was caused by its or its Affiliate's failure to act in good faith or to cooperate and use all reasonable efforts to cause the Contribution to occur.
This Agreement has been duly executed and delivered by each member of the ITT Group, and this Agreement constitutes a legal, valid and binding obligation of each member of the ITT Group enforceable against each member of the ITT Group in accordance with its terms.