P R E definition
P R E. A M B L E:
P R E. L I M I N A R Y S T A T E M
P R E. A M B L E The Company is aware that, in order to induce highly competent persons to serve the Company as directors or in other capacities, the Company must provide such persons with adequate protection through insurance and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the Company. The difficulty of obtaining adequate directors and officers liability insurance in the current market has increased the difficulty of attracting and retaining such persons. The Board of Directors of the Company has determined that (i) it is essential to the best interests of the Company's shareholders that the Company act to assure such persons that there will be increased certainty of such protection in the future, and that (ii) it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify such persons to the fullest extent permitted by applicable law so that they will continue to serve the Company free from undue concern that they will not be so indemnified. The Indemnitee is willing to serve, continue to serve, and take on additional service for or on behalf of the Company on the condition that he be so indemnified;
Examples of P R E in a sentence
In consideration of the mutual agreements set forth in this Agreement, the parties agree as follows: P R E L I M I N A R Y S T A T E M E N T The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates.
C O M / M E D I A - Z O N E P R E S S @ A U T O M O B I L I - P I N I N F A R I N A .
I N T E R P R E T A T I O N In these Terms, the following expressions shall have the following meanings: ‘Administered Body’ shall mean any corporate body (wherever incorporated), foundation, individual, partnership (of whatever kind as permitted by the applicable law) or other association or body (whether or not incorporated) or trust or fund or other structure or arrangement to or in respect of which JTC provides Services.
I N T E R P R E T A T I O N O F P R O G R A M G U I D E L I N E S R E M A I N S T H E S O L E R E S P O N S I B I L I T Y O F S T A N F O R D U N I V E R S I T Y .
P O L I C Y F O R S P R E A D I N G E X I T P A Y ME N T S The following process will determine whether an employer is eligible to spread their exit payment over a defined period via a DSA.
More Definitions of P R E
P R E. A M B L E On January 20, 1997 (the "Rights Dividend Declaration Date"), the Board of Directors of the Company authorized and declared a dividend of one Series C Preferred Stock Purchase Right (the "Rights") on each share of common stock, $1.00 par value, of the Company (the "Common Stock") outstanding on February 14, 1997 (the "Record Date"), and has authorized the issuance of one Right with respect to each share of Common Stock that shall become outstanding between February 14, 1997, and the earlier of the Distribution Date or the Expiration Date (as such terms are defined in Sections 3 and 7 of this Agreement). Each Right represents the right to purchase one one-hundredth of a share of Series C Preferred Stock, no par value, having the rights, powers and preference set forth in the form of Certificate of Designation, Preferences and Rights of Series C Preferred Stock attached as Exhibit A to this Agreement (the "Preferred Stock"), upon the terms and subject to the conditions set forth in this Agreement. ACCORDINGLY, in consideration of the premises and the mutual agreements set forth in this Agreement, the parties agree as follows:
P R E. A M B L E: - - - - - - - - Pursuant to that certain Loan and Security Agreement dated as of January 28, 2000, as amended from time to time by and among Lender and Borrowers (collectively, the "Loan Agreement"), Lender made certain financing available to Borrowers. Borrowers have requested Lender to modify certain terms and provisions of the Documents. Lender has agreed to do so, upon the terms and conditions of this Amendment.
P R E. A M B L E : The Company, on behalf of itself and its shareholders, wishes to attract and retain well-qualified executives and key personnel and to assure itself of the continuity of its management. The Executive currently holds the position of Chief Financial Officer, and is a member of the Company's Management Executive Committee. The Company recognizes that the Executive is a valuable resource of the Company and the Company desires to be assured of the continued services of the Executive. The Company is concerned that in the event of a possible or threatened change in control of the Company, uncertainties necessarily arise and the Executive may have concerns about the continuation of his employment status and responsibilities and may be approached by others offering competing employment opportunities, and the Company therefore desires to provide the Executive assurance as to the continuation of his employment status and responsibilities in such event. The Company further desires to assure that, if a possible or threatened change in control should arise and the Executive should be involved in deliberations or negotiations in connection therewith, the Executive would be in a secure position to consider and participate in such transaction as objectively as possible in the best interests of the Company and, to this end, desires to protect the Executive from any direct or implied threat to his financial well being. The Executive is willing to continue to serve as such but desires assurance that in the event of such a change in control he will continue to have the employment status and responsibilities he could reasonably expect absent such event and in the event of a change in control he will have fair and reasonable severance protection on the basis of his service to the Company to that time. ACCORDINGLY, it is hereby agreed by and between the parties as follows:
P R E. L I M I N A R Y S T A T E M E N T: - - - - - - - - - - - - - - - - - - - -
P R E. L I M I N A R Y S T A T E M E N T: --------------------- -----------------
P R E. A M B L E Seller desires to sell to Buyer, and Buyer desires to purchase from Seller, substantially all of the assets of Seller solely in exchange for shares of voting common stock of Buyer and the assumption by Buyer of certain of Seller's liabilities and obligations on the terms and conditions hereinafter set forth. The parties intend for this transaction to be treated as a tax-free "C" reorganization under Section 368(a)(1)(C) of the Internal Revenue Code of 1986.
P R E. A M B L E WHEREAS Young Generations, Inc., a North Carolina corporation (the "Company"), is a wholly-owned subsidiary of Seller engaged in the children's apparel business;