Optical Business definition
Examples of Optical Business in a sentence
The term "Optical Business" shall mean the sale of lenses, eyeglasses and other prescription and non-prescription eyewear.
The term "Competitor" shall mean any person or entity which, individually or jointly with others, whether for its own account or for that of any other person or entity, owns, or holds any ownership or voting interest in any person or entity engaged in an Optical Business; provided, however, that such term shall not include any Affiliate of Vision 21 or any entity with which Vision 21 has an agreement similar to the Business Management Agreement in effect.
Shareholder is a physician licensed to practice medicine in the State (as defined herein) and currently conducts an Optical Business (as defined herein) through the Company.
The Shareholder, the Practice and the Company acknowledge and agree that the Shareholder's, the Practice's and the Company's covenants not to compete are necessary to ensure the continuation of Vision 21's Optical Business and are necessary to protect the reputation of Vision 21, and that irreparable and irrevocable harm and damage will be done to Vision 21 if the Shareholder, the Practice or the Company compete with the Optical Business or Vision 21.
This Agreement may not be assigned by either party without the prior written consent of the other party; provided, however, that this Agreement may be assigned by Owner to any majority owned subsidiary, including without limitation, assignment of all of the rights and duties relating to the Optical Business to Optical Sub and assignment of all of the rights and duties relating to the Digital Business to Digital Sub.
To the Seller’s knowledge, Part 2.15 of the Disclosure Schedule includes a true, correct and complete list of all export control classification numbers (as applicable) for all products currently sold by the Optical Business.
Whenever the conditions imposed by this Section 8 shall terminate as hereinabove provided with respect to any of the Shares or the Warrant Shares, the holder of any such securities bearing the legend set forth in Section 8.2 shall be entitled to receive from the Company, without expense (except for the payment of any applicable transfer taxes) and as expeditiously as possible, new stock certificates not bearing such legend.
It is the intention of the parties hereto to conform strictly to applicable laws regarding the practice and regulation of medicine and regulation of the Optical Business, whether such laws are now or hereafter in effect, including the laws of the United States of America, the State or any other applicable jurisdiction, and including any subsequent revisions to, or judicial interpretations of, those laws, in each case to the extent they are applicable to this Agreement (the "Applicable Laws").
Part 2.4 of the Disclosure Schedule lists the ten largest vendors or suppliers of raw materials, supplies, merchandise and other goods to the Optical Business, on the basis of cost of goods purchased, for the fiscal year of the Seller ended April 30, 2003.
There are no Liabilities for sales taxes in connection with the Optical Business required to be paid prior to the date of this Agreement that have not been paid.