Examples of Original License Agreements in a sentence
Report Highlights• The Original License Agreements with KNSC, WSC, Hospice Vaughan, and CCCAL have expired.• License revival, amending and extending agreements should be executed to clarify and update the parties’ obligations with respect to the license arrangements.• Necessary by-laws should be enacted to authorize the License Extensions until a new framework to standardize the licensing process for all City facilities is developed and brought forward for Council consideration in 2018.
BackgroundThe Original License Agreements with KNSC, WSC, Hospice Vaughan and CCCAL have expired and need to be revived, amended and extended to permit the continued use of the facilities under clear terms.
The Licensees were consulted and agree with the City’s proposal to proceed with month-to-month extensions of their respective license agreements.The Original License Agreements permit the Licensees to use City-owned facilities for the sole purpose of providing community services and programs for the benefit of the residents of the City of Vaughan.
Such recommendations are considered by the Compensation Committee; however, the Compensation Committee retains full discretion and authority over the final compensation decisions for the named executive officers, subject to approval by the Board.
The parties agree that the Original License Agreements shall be terminated as of the effective date of this Contract.
In respect of the licensing of the trademarks listed in the Original License Agreements (hereinafter referred to as the “Original Licensed Trademarks”), the trademarks that have been included in the annexes to this Contract shall be included to the license agreed in this Contract from the date of this Contract; the license of original licensed trademarks that have not been included in the annexes shall be terminated from the date of this Contract.
XsunX and MVSI are parties to those certain Phase Agreements, as defined below, pursuant which MVSI agreed to undertake certain research and development activities on a no-profit basis, all in accordance with the terms set forth in the applicable Phase Agreement and in accordance with the terms and conditions set forth in the Original License Agreements.