National Welders definition

National Welders means National Welders Supply Company, Inc., a North Carolina corporation.

Examples of National Welders in a sentence

  • National Welders, Inc., a local company which supplies our large-size gas cylinders, is also a dealer for Matheson lecture bottles.

  • Airgas shall maintain at all times the right to designate at least 50% of the members of the Board of Directors of National Welders.

  • The National Welders preferred stockholders earned a 5% dividend, recognized as “Minority interest in earnings of consolidated affiliate.” Upon the exchange of the preferred stock for Airgas common stock, the dividend would no longer be paid to the preferred stockholders, resulting in additional net earnings for Airgas.

  • In addition, as a safety net, the Joint Venture Agreement specifically provided that the preferred stock delivered to the Turners "shall exceed fifty percent (50%) of the voting capital stock of [National Welders] that will be actually outstanding, and that will be outstanding on a fully diluted basis." See Jt. Venture Agmt.

  • For periods prior to the NWS Exchange Transaction, the earnings of National Welders for tax purposes were treated as a deemed dividend to Airgas, net of an 80% dividend exclusion.

  • If the Optionee is a citizen or resident of a country (or if Optionee is considered as such for local law purposes) other than the one in which the Optionee is currently residing and/or working, or if the Optionee transfers to another country after being granted the Options, the Company will, in its discretion, determine the extent to which the terms and conditions contained herein will be applicable to the Optionee.

  • As a wholly owned subsidiary, the net earnings of National Welders would not be subject to additional tax at the Airgas level.

  • The RFR is specific with respect to the conditions that give rise to Praxair’s right to meet an offer for purchase of a controlling interest in National Welders.

  • National Welders Supply, ARB No. 03-117, ALJ No. 2003-STA-014, slip op.

  • Praxair alleges that this "sham transaction" is the basis for: (1) a breach of contract claim against National Welders and the Turner Family, (2) a claim for tortious interference with contract against Airgas, (3) a claim for tortious interference with economic advantage against Airgas, (4) an unfair trade practice claim against National Welders, Airgas and the Individual Defendants, and (5) a claim for civil conspiracy against all defendants.

Related to National Welders

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  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

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