Examples of Palm Business in a sentence
Separation" means the transfer and contribution from 3Com to Palm, and Palm's receipt and assumption of, directly or indirectly, substantially all of the Assets and Liabilities currently associated with the Palm Business and the stock, investments or similar interests currently held by 3Com in subsidiaries and other entities that conduct such business.
At all times, 3Com and Palm will conduct the Palm Business before the Separation Date in the ordinary course, consistent with past practices.
As a condition to the license granted hereunder, Palm shall at all times present, position and promote the Palm Business Products marked with one or more of the Licensed Marks in a manner consistent with the high standards and prestige represented by the Licensed Marks.
If, at any time during or after the term of this Agreement, Palm discontinues the sale of a Palm Business Product that has been marked with one or more of the Licensed Marks, Palm shall substantially comply with the discontinuation procedure used by 3Com for such or similar products immediately prior to Separation Date.
Palm and its Authorized Dealers and Subsidiaries shall use the Licensed Marks only on and in connection with Palm Business Products that meet or exceed in all respects the Quality Standards.
Any termination of licenses and rights of Palm under Section 10.2 shall not affect Palm's licenses and rights with respect to any Palm Business Products made or sold prior to such termination.
Palm acknowledges and agrees that the foregoing assignment is subject to any and all licenses or other rights that may have been granted by 3Com or its Subsidiaries with respect to the Palm Business Marks prior to the Separation Date.
The 3Com Board of Directors may, in its absolute discretion following the IPO, adjust the performance and other factors applicable to any employee of the Palm Business (including, for this purpose, any employees of 3Com who are designated as employees of the Palm Business for purposes of the Separation) under the 3Com Executive Bonus Plan to reflect any changes in such employee's position, duties and responsibilities following the IPO in such equitable fashion as it shall determine.
Palm Business" means the business and operations of the business of Palm as described in the IPO Registration Statement and, except as otherwise expressly provided herein, any terminated, divested or discontinued businesses or operations that at the time of termination, divestiture or discontinuation primarily related to the Palm Business as then conducted.
At 3Com's request, Palm agrees to furnish or make available for inspection to 3Com samples of all Palm Business Products and Collateral Materials of Palm, its Subsidiaries and Authorized Dealers that are marked with one or more of the Licensed Marks (to the extent that Palm has the right to obtain such samples).