Examples of Local Asset Transfer Agreement in a sentence
The Company shall (and shall procure that each Seller Employer shall) use reasonable endeavors to encourage STB Employees to accept Transfer Offers, and each Local Asset Transfer Agreement shall set forth specific provisions for cooperation between the Company and Purchaser to best effectuate the transfer of STB Employees, in the respective jurisdictions.
Agilent and Verigy each authorize their non-United States Affiliates to enter into a separate Local Asset Transfer Agreement with the counterpart of the other party.
To the extent, however, that any such Local Asset Transfer Agreement does not address a particular principle or plan, then the intent of the parties relating to comparable United States matters or issues as reflected in this Agreement shall govern (to the extent permitted by Applicable Local Law).
Notwithstanding the foregoing, Agilent intends to retain the Liabilities under the Non-United States Plans for all Verigy Employees as of the Separation Date expressly retained under the terms of this Agreement, except to the extent such Liabilities are required under Applicable Local Law or a Local Asset Transfer Agreement to be transferred to and assumed by Verigy or a member of the Verigy Group.
In the event of any conflict between the provisions of this Agreement and any Local Asset Transfer Agreement, the provisions of the Local Asset Transfer Agreement shall control.
On and after the Agilent Participation Discontinuance Date, except as otherwise provided in a Local Asset Transfer Agreement, Non-United States Transferred Verigy Employees will cease participating in the local Agilent health and welfare Plans and will begin participating in the local Verigy health and welfare Plans.
The determination of the Arbiter shall be final and binding on all parties and shall be the conclusive Purchase Price Apportionment (the “Final Purchase Price Apportionment”) for purposes of this Agreement, and Buyer and Seller shall (or shall cause its Affiliates to) take all actions necessary to amend any Local Share Transfer Agreement, Local Asset Transfer Agreement or any similar document to be consistent with the Final Purchase Price Apportionment.
The consulting company received a fee of $440,000 in Coachman common stock and cash, payable in 1997.
The Parties have agreed to use a “Slump Sale Agreement” instead of the form of Local Asset Transfer Agreement to effect the sale and transfer of the Entire Transferred Assets and the Assumed Liabilities related to the operation of the Business in India.
On the Closing Date, Purchaser shall pay to Seller (for its own account and as agent for any other Selling Party unless otherwise provided in any Local Asset Transfer Agreement) the Purchase Price.